Evasion
in sentence
182 examples of Evasion in a sentence
Then, in 2016, the release of the Panama Papers exposed the extent of tax
evasion
by the world’s wealthy.
First, it has increased the scope for tax evasion, owing to a rapid proliferation of tax havens around the world.
At the heart of the problem are politicians who are more interested in facilitating tax
evasion
by the wealthy than improving learning opportunities for the poor.
But the GST retains enough complexity that it is likely to lead to evasion, arbitrage, and even bribery of tax officials.
It is one instrument among many that are needed, along with reforms to increase transparency, protect whistleblowers, prevent tax evasion, clean up campaign financing, and reduce officials’ discretionary power, which allows them to profit from the power to permit.
This is not about a race to the bottom; so, at the same time, Britain has been leading the way in fighting tax avoidance and
evasion.
Tax avoidance and
evasion
was a central theme of the UK’s presidency of the G-8 this year, resulting in commitments to unprecedented new levels of automatic exchange of tax information between countries.
J.P. Morgan and Deutsche Bank have paid substantial sums to settle charges ranging from bribery to illegal foreclosures to abetting tax
evasion.
Moreover, some countries continue to pursue fiscal austerity, instead of consolidating their budgets by, say, addressing large-scale tax avoidance and
evasion
by major companies and wealthy individuals.
And that does not even account for rampant tax
evasion
by small firms.
Tax havens can be eliminated; all that is required is to close the loopholes that allow legal tax avoidance and establish enforcement mechanisms that make illegal tax
evasion
no longer worth the risk.
His former campaign chairman, Paul Manafort, has not only been convicted on eight counts of fraud and tax evasion, but, fulfilling Trump’s worst fear, he has also decided to cooperate with Robert Mueller, the special counsel leading the Russia probe and investigating Trump’s effort to block the inquiry into whether his campaign (and even administration) conspired with the Kremlin.
It not only highlights the prevalence of financial secrecy worldwide, but also shows how hidden company ownership facilitates tax evasion, money laundering, corruption, and other crime.
The pandering to extremist groups, the rejection of science, the outright lies and distortions, and the
evasion
of the real issues that characterized the most recent election cycle set a new low for democratic politics.
This remarkable
evasion
is the first time the House has not passed a budget since the procedural reforms 35 years ago created the congressional budget committees and rules that legislators were supposed to use to control deficits.
Until now, Bitcoin’s only real use has been to facilitate illegal activities such as drug transactions, tax evasion, avoidance of capital controls, or money laundering.
The measures that he has introduced since coming to power – from pension reform to combating tax
evasion
– have displayed the rigor and transparency that one associates with northern European countries.
The benefits of tax
evasion
may far outweigh the risk of getting caught, but imagine if everyone decided to evade taxes at the same time.
It should also design provisions to support small and medium-size enterprises, while fighting tax
evasion
among big firms.
The growth pact can be properly financed by new sources of revenue, such as a financial-transaction tax and joint project bonds for infrastructure investment, or by curbing tax
evasion
and tax fraud and eliminating tax havens, as well as by more efficient and intelligent use of structural funds.
The EU also needs common initiatives to replace piece-meal bilateral agreements on tax
evasion
and tax havens, which undermine the goal of a fair society.
For example, the Internal Revenue Service is among the government institutions that inspire the least public confidence; yet there has been no major surge in tax
evasion.
Regarding taxes, the government has adopted measures to reduce
evasion
and increase collection rates.
Modi’s stated goal was to make good on his campaign pledge to fight “black money”: the illicit proceeds – often held as cash – of tax evasion, crime, and corruption.
Several countries have recently introduced enhanced safeguards against tax
evasion
and money laundering.
The government should gradually increase the retirement age for new workers, crack down on
evasion
of social-security contributions, and accept the no-deficit principle for supplementary pension funds.
One financial issue on which there is global agreement is the need to close down offshore bank havens, which exist mainly for purposes of tax
evasion
and avoidance, money laundering, and corruption.
To prevent fraud, an acute problem in the past, the new law established a “right of rescission,” whereby the receiver can ask courts to rescind any action by a debtor that involves fraud, evasion, or unfair liquidation in the prescribed period before a bankruptcy petition is accepted and assets recovered.
The “endogenous” factors contributing to wide-scale regulatory capture and corporate rentierism can be addressed with stronger antitrust legislation, policies to empower organized labor, revisions to existing trade agreements, and better monitoring, at the international level, of transfer pricing and tax
evasion.
The stick – punishment of misconduct – requires stricter enforcement of legal and ethical requirements, whether concerning tax avoidance and evasion, or the ability to hide behind subsidiaries.
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