What is Tax evasion? How can it be curbed?



What is Tax evasion? How can it be curbed?..

Answer / Sarita Verma

Tax evasion refers to illegal activities aimed at avoiding or reducing tax obligations through deception, fraud, or non-compliance with tax laws. To curb tax evasion, governments can implement stricter enforcement of tax laws, improved taxpayer education and compliance, increased transparency in financial transactions, and international cooperation to share information and coordinate efforts.

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