Tax evasion

Financial crime

Tax evasion is an illegal attempt to lessen the payment of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits, or gains than the amounts actually earned, overstating deductions, bribing authorities, and hiding money in secret locations.

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