Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Tax Evasion Through Shares PDF full book. Access full book title Tax Evasion Through Shares by Prashant Kumar Thakur. Download full books in PDF and EPUB format.
Author: Prashant Kumar Thakur Publisher: Prashant Kumar Thakur ISBN: 1301858129 Category : Law Languages : en Pages : 168
Book Description
Tax Evasion Through Shares provides a very useful guide for officers of income tax department to catch the tax evaders who uses share transactions as medium to either evade tax or money laundering. The book , divided in three parts , includes many case laws which have to be consulted while framing assessment of share related cases. The author has also provided insights on tax evasion through derivative transactions and use of closely held companies shares to convert black money to white. The book is written by a tax officer who has devoted twenty years in investigating, enquiring the tax evasion and finally bringing evidences against the tax evaders. The book is primarily a guide for officer of Income Tax Department for investigation in share related cases. The books not only describe the ways of tax evasion, but how to detect, enquire and assess such cases.
Author: Prashant Kumar Thakur Publisher: Prashant Kumar Thakur ISBN: 1301858129 Category : Law Languages : en Pages : 168
Book Description
Tax Evasion Through Shares provides a very useful guide for officers of income tax department to catch the tax evaders who uses share transactions as medium to either evade tax or money laundering. The book , divided in three parts , includes many case laws which have to be consulted while framing assessment of share related cases. The author has also provided insights on tax evasion through derivative transactions and use of closely held companies shares to convert black money to white. The book is written by a tax officer who has devoted twenty years in investigating, enquiring the tax evasion and finally bringing evidences against the tax evaders. The book is primarily a guide for officer of Income Tax Department for investigation in share related cases. The books not only describe the ways of tax evasion, but how to detect, enquire and assess such cases.
Author: Charles Lewis Publisher: William Morrow ISBN: 9780380976829 Category : Political Science Languages : en Pages : 320
Book Description
Each year millions of income-earning adults and corporations do not pay their fair share of federal income taxes -- whether legally (tax avoidance), illegally (tax evasion), or through shady means (tax "avoision"), and their numbers are rising dramatically. In this explosive book, Charles Lewis, founder and executive director of the Center for Public Integrity, and Bill Allison, a former researcher at the Philadelphia Inquirer finger these culprits. Super-rich individuals and corporations alike are increasingly using offshore channels to hide money from the IRS, which seems to have given up on trying to catch them. Meanwhile, the rest of the population suffers. The IRS recently reported that 2,680 filers with incomes of $200,000 or more claimed they owed no taxes, up from 612 in the mid-eighties, and 85 in 1977. While audits of these wealthy taxpayers have plummeted, audits of those earning less than $25,000 per year have risen. Not only that, but in 1997 only 2.3 percent of returns filed by the richest Americans were reviewed. With The Cheating of America, Lewis and Allison aim to unmask those who are stiffing Uncle Sam, as well as the system that permits their activities. They reveal how blue-chip U.S. corporations take advantage of dubious shelters or move their taxable profits offshore. Frequently these same companies have also availed themselves of cheaper labor overseas, laying off thousands of American workers. Some estimates show that more than a trillion dollars are salted away in offshore bank accounts, beyond the reach of the Internal Revenue Service. Lewis and Allison provide a richly detailed and colorful overview of the key players -- federal legislators, the IRS, New York banks, foreign "tax havens" -- and the cottage industry that teaches aspiring dodgers how to cheat successfully. At the heart of the book are case studies of some of the most brazen individuals and corporations, including the "Benedict Arnold Billionaires" who have expatriated from the United States in order to reduce or eliminate their tax burden. With explosive investigative revelations and the authority of the Center for Public Integrity behind it, The Cheating of America will further educate all those who "pay their fair share" while the financial elite dodge their responsibility to society. Sure to enlighten and outrage, The Cheating of America is a must-read for every citizen.
Author: E. Han Kim Publisher: ISBN: Category : Languages : en Pages : 54
Book Description
Prior studies show stock liquidity improves price informativeness and strengthens governance. Stock price informativeness offers an incentive for managers with equity-based compensation to avoid tax. Strengthening governance, by contrast, reduces tax avoidance if diverting corporate profits for private benefits complements tax avoidance. Using an exogenous shock that drastically increased the liquidity of stocks listed in China, we find robust evidence that higher liquidity significantly increases the overall level of tax avoidance. The increase is more substantial when controlling shareholders own more shares, and when diversion is less complementary to tax avoidance. Liquidity has no significant impact on tax evasion--the most aggressive and risky tax avoidance--and at the higher ends of the tax avoidance distribution. The positive and significant effects are observed only at lower levels of tax avoidance. We attribute the weaker impact of liquidity on aggressive tax avoidance to diversion being more complementary to higher-risk tax avoidance.
Author: Calvin H. Johnson Publisher: ISBN: Category : Languages : en Pages : 10
Book Description
In a transaction the IRS has called the midco shelter, a scoundrel evades tax on the sale of a corporation's business assets and shares the benefit of the evasion with the sellers of the corporation's stock and the buyers of its assets. Shareholders of a corporation with appreciated assets sell stock to the scoundrel, and the corporation sells its assets. Tax on the gain is due but the scoundrel evades tax. Asset buyers get a step-up in basis to cost without having to cover the tax on the asset sale. Stock sellers get a price greater than the net worth of assets, when tax due is considered.The proposal would make the selling shareholders secondarily liable for the corporate tax, limited by the premium they receive in excess of the corporation's net worth. That premium would be measured from the actual sales of corporate assets. The proposal would also make asset buyers secondarily liable for corporate tax, limited by the deemed value of the step-up in basis. The proposal would have no effect on current transferee liability law. The proposal is made as a part of the Shelf Project, a collaboration among tax professionals to develop proposals to help Congress raise revenue in ways that improve the fairness and efficiency of the tax system. Shelf projects follow the format of a committee report, describing current law and the reasons for change and providing an explanation of the proposal.
Author: John Francis Avery Jones Publisher: ISBN: Category : Business & Economics Languages : en Pages : 166
Book Description
This book contains, in a slightly edited version, the papers given at a conference organized by Associated Business Programmes in Amsterdam in November 1973.
Author: Prashant Kumar Thakur
Author: United States. Congress. Joint Committee on Tax Evasion and Avoidance
Author: Prashant Kumar Thakur
Author: United States. Congress. Tax Evasion and Avoidance, Joint Committee on
Author: United States. Congress. House. Committee on Ways and Means
Author: Charles Lewis
Author: Dennis Hartman
Author: E. Han Kim
Author: Ovid Lisberg Harris
Author: Calvin H. Johnson
Author: John Francis Avery Jones