Evading Tax Evasion
Tax evasion is usually confronted with audits and harsh sanctions. But, as the rising tide of tax evasion suggests – the “black” economy has, by some estimates, reached 10% of GDP in advanced countries and can top 70% in developing countries – it is time to try new approaches.
ALESSANDRIA, ITALY – Tax evasion is a global scourge. The “black” economy has, by some estimates, reached 10% of GDP in advanced countries and can top 70% in developing countries. And it is getting worse.