Understanding Tax Fraud With Money 2.0 Conference
Table of Contents What Is Tax Fraud? Causes Of Tax Evasion Why Attending Annual Financial Conferences Is Important When It Comes to Steering Clear Of Tax Fraud?
What Is Tax Fraud?
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When an individual or a corporate organisation wilfully and purposefully falsifies facts on a tax return in order to reduce the amount of tax liability, this is known as tax fraud.
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Tax fraud is falsifying information on a tax return in order to avoid paying the full amount due.
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The intentional omission of data on a tax return is known as tax fraud.
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A company that commits tax fraud may:
1. Fail to file payroll tax reports on purpose 2. Fail to declare some or all of the cash payments given to employees is a deliberate act. 3. Fail to disclose and pay any withheld payroll taxes.
● Lack of awareness.
Causes of Tax Scams
● Lack of simplicity and accuracy of the tax legislation. ● Emerging companies that promise tax refunds and steal your money.
Why Attending Annual Financial Conferences Is Important?
● Tax frauds hide in the dark shadow, which needs public attention and bright light, and financial conferences such as the Money 2.0 Conference work as a torch against these scams. ● Attending anti-fraud financial conferences at least once a year becomes even more critical when you don’t want to fall victim to tax fraud. ● Global finance conferences are filled with speaker sessions and networking events, so you get a chance to learn from the best and avoid the tax scam traps. ● Apart from highlighting the prevalent tax frauds in society, financial conferences also cover several ranges of financial tracks like digital investments, AI insurance and finance, and much more!
Thank You! This presentation is prepared by
Yash Dogra, Manager, Money 2.0 Conference, https://www.money2conf.com/