Tax Compliance and Data: What is Available and What is Neededdoi:10.1111/1467-8462.12158After first providing an overview of useful survey data sources and commonly studied variables in the area of tax compliance, this article outlines the major toSocial Science Electronic Publishing...
When adhering to SOX compliance requirements for documentation of controls, including operations manuals, personnel policies, and recorded control processes, enterprises see improvements in productivity. This is because many organizations find significant deficiencies in documentation. Bringing these up to the ...
This article has been written in collaboration with Katelynn Minott— Managing CPA and CEO at Bright!Tax US Expat Tax Services. What is the Foreign Account Tax Compliance Act? The Foreign Account Tax Compliance Act (FATCA)¹ was enacted in 2010 as part of the Hiring Incentives to Restore E...
In a globalized world, compliance with shifting regulatory regimes is a complicated task. Companies deal with differing regulations as well as expanding jurisdictions where countries like the U.S. look at the total of a company’s operations to ensure compliance with anti-bribery, anti-terrorism, ...
Union, assess taxes on their citizens and have tax courts for those citizens who do not pay. Penalties, types and amounts of taxes and the function of tax courts differ slightly within these countries, but in every case, the general purpose of a tax court is to enforce and apply tax ...
It also discusses future possibilities and the data required to progress in this area. It is thus particularly useful as a guide for those planning or just beginning to work in the tax compliance field.doi:10.1111/1467-8462.12158Benno Torgler...
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Cons of Tax Deductibles Tax deductibles also have a number of downsides. Deductibles often contribute to complexity and inefficiency within the tax system. The proliferation of various deductions, each with its own eligibility criteria, limits, and rules, can make tax compliance burdensome for taxpaye...
What Is Tax Exclusive? Key Differences Between Tax Inclusive vs. Tax Exclusive Conclusion Frequently Asked Questions Understanding Tax Methods There are 3 general forms of tax: taxes on what you earn, taxes on the assets you own, and taxes on the things you buy. ...
The tax compliance is more than personal. As mentioned above, the overseas company accounts established by individuals are also part of the CRS declaration. After receiving the information returned by CRS, the tax authorities may notice that some overseas companies are in fact related to a Chinese...