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Tax Evasion (Global)

Tax evasion is the deliberate failure of an entity or individual to pay their tax liability. This includes both the deliberate non-payment of tax as well as the deliberate underpayment of tax. This compliance learning course provides an overview of some of the key tax evasion techniques utilized by tax evaders and suggestions on how to identify and prevent the facilitation of tax evasion in your firm. This course also explores some of the key global initiatives implemented by international governments and organizations to try and reduce the impact of tax evasion on global economies.

Geography Covered: Global | Duration: 50 minutes

Summary

Tax evasion is an illegal act that encompasses any activity designed to deceive or cheat tax authorities. In some jurisdictions it is also an offense for corporates to fail to prevent the facilitation of tax evasion by its representatives, customers, and connected parties.

Tax evasion incurs costs for governments and tax authorities as they aim to recover lost funds and bring about legal proceedings against offenders. However, the lost revenue caused by tax evasion and other aggressive forms of tax avoidance also impacts the ability of governments to provide essential public services—such as health or education—to their citizens. While tax evasion is damaging for all economies, it can be particularly damaging for developing economies as the losses incurred may reduce the funds available for vital infrastructure projects.

International governments and organizations have demonstrated a renewed focus on the prevention of tax evasion through increasing numbers of enforcement actions and the development of key legislation in some jurisdictions.

One of the key tools in the fight against tax evasion is cross-border information sharing. This has shown to have a significant impact on the identification of offenders and the traceability of offshore wealth.

By the end of this e-learning course, employees/learners will be able to:

  • Describe what tax evasion is and its impact on global economies
  • Summarize the key tax evasion methods employed by offenders
  • List the appropriate prevention methods within your organization
  • Describe some of the key tax evasion initiatives being rolled out across the globe
  • Recall how to report suspicions of tax evasion
  • As with all of our courses, the Tax Evasion training courses are written by experts, and content for our course library is powered by world-leading regulatory intelligence. Courses are updated in response to the latest regulatory and legislative changes.

    All of our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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