Offshore Tax Evasion

$42.00

Order Now

Description

Offshore Tax Evasion

Offshore Tax Evasion

ANSWER


Like many other countries of the world, each citizen is required to pay taxes which are used by the government in bringing about development in a country.  This study will examine the aspect of tax evasion and how it affects the economy of the United States of America. Additionally, this study will outline how the United States of America is hurt by loss of revenues which mostly is lost through tax evasion. Tax evasion is penalized through different ways especially through legal process and hence this study will shed more light on this matter. The aspect of tax evasion is not harmful only to the United States of America but the rest of the world is still affected and hence this study addresses how the United States of America can get other countries to stop offering tax haven. In general terms, all individuals are liable to tax in their residential places with all their world wide earnings