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Tax evasion and avoidance typologies

Tax evasion and avoidance typologies Purpose – The purpose of this paper is to explore tax evasion and avoidance typologies with a view to understanding how they work and the implications for those who handle the wealth of others. Design/methodology/approach – American, Canadian and UK cases of tax avoidance and tax evasion are studied. Findings – Structuring transactions to avoid or minimize taxes is highly complex, and thus, fraught with risk, particularly for advisors. Research limitations/implications – Commercial and taxation law in a globalized economy is an ever‐changing matter. Practical implications – There is an enormous potential for reputational risk which can bear significant consequences for the unwary financial advisor. Money launderers can hide their assets applying methods similar to those used to evade or avoid taxes. Originality/value – Thousands and thousands of pages documenting tax evasion and avoidance cases have been distilled into an overview paper. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Money Laundering Control Emerald Publishing

Tax evasion and avoidance typologies

Journal of Money Laundering Control , Volume 11 (2): 12 – May 9, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1368-5201
DOI
10.1108/13685200810867456
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to explore tax evasion and avoidance typologies with a view to understanding how they work and the implications for those who handle the wealth of others. Design/methodology/approach – American, Canadian and UK cases of tax avoidance and tax evasion are studied. Findings – Structuring transactions to avoid or minimize taxes is highly complex, and thus, fraught with risk, particularly for advisors. Research limitations/implications – Commercial and taxation law in a globalized economy is an ever‐changing matter. Practical implications – There is an enormous potential for reputational risk which can bear significant consequences for the unwary financial advisor. Money launderers can hide their assets applying methods similar to those used to evade or avoid taxes. Originality/value – Thousands and thousands of pages documenting tax evasion and avoidance cases have been distilled into an overview paper.

Journal

Journal of Money Laundering ControlEmerald Publishing

Published: May 9, 2008

Keywords: Taxation; Tax planning; Money laundering; Criminal forfeiture; Assets

References