How does tax evasion work?

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How does tax evasion work?

In: Economics

6 Answers

Anonymous 0 Comments

One way or another you lie about the thing you did that is taxable. For instance, you can ask to be paid in cash so there is no evidence you were paid, and then not report the money you earned. Or, you could lie about the expenses you paid on your business, to write them off against your taxes. Or you could invest your money outside the country and not report capital gains. However you do it, it comes down to lying to the government to trick them into giving you a lower tax bill.

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