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Tax evasion
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Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the tax
Tax campaigner Richard Murphy's estimate of the ten countries with the largest absolute levels of tax evasion. He estimated that global tax evasion amounts to 5 percent of the global economy.
Tax campaigner Richard Murphy's estimate of the ten countries with the largest absolute levels of tax evasion. He estimated that global tax evasion am
The size of the shadow economy in Europe, 2011
The size of the shadow economy in Europe, 2011
An apartment building in the Philippines closed for property tax evasion.
An apartment building in the Philippines closed for property tax evasion.
A "Lion's Mouth" postbox for anonymous denunciations at the Doge's Palace in Venice, Italy. Text translation: "Secret denunciations against anyone who
A "Lion's Mouth" postbox for anonymous denunciations at the Doge's Palace in Venice, Italy. Text translation: "Secret denunciations against anyone who will conceal favors and services or will collude to hide the true revenue from them."
Informal economy
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An informal economy is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing
Tax evasion
…earned, overstating deductions, bribing authorities and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that…
Black market sellers offer watches for sale to US soldiers in Baghdad in 2004.
Black market sellers offer watches for sale to US soldiers in Baghdad in 2004.
A haircut being given on a sidewalk in Vietnam
A haircut being given on a sidewalk in Vietnam
Ice cream street vendor in Mexico
Ice cream street vendor in Mexico
Informal economy in the streets of Bolivia
Informal economy in the streets of Bolivia