When did Gary Becker first theorize the economics of crime?
Gary Becker first theorized the economics of crime in 1968. This work laid the foundation for understanding why people break tax laws.
Questions about Tax evasion
Short answers, pulled from the story.
What is the gross tax gap according to the Internal Revenue Service definition?
The Internal Revenue Service defines the gross tax gap as the difference between true tax liability for a given year and taxes actually remitted on time. Estimates from the IRS show the 2001 tax gap reached $345 billion and grew to $450 billion by 2006.
Which countries lost the most money due to suspected fraud with dividend tax revealed in the Pandora Papers?
Germany suffered hardest with around €31 billion withdrawn from treasury while France lost at least €17 billion and Italy lost €4.5 billion. Denmark lost €1.7 billion and Belgium lost €201 million during this period.
How much wealth lies in offshore accounts globally according to recent studies?
Studies suggest 8% of global financial wealth lies in offshore accounts. Often offshore wealth stored in tax havens stays undetected in random audits.
When did Bangladesh cancel Cotecna's certificate for serious irregularities?
March 2008 saw the Bangladeshi National Board of Revenue cancel Cotecna's certificate for serious irregularities. This followed findings that the company cooperated with importers in evading customs duties on huge scales.