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Essay on Tax Evasion

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Tax evasion case

Under the current regime, there is a fractured credit mechanism where businesses don't get credit for all the taxes they pay. The effort to prepare for a smooth integration with the GST without any hardship to public is a big challenge, which needs to be handled at the field as well policy level. GST is the future of all indirect taxes in India for which a consensus is needed between the central a...

Tax Evasion

Section 17 Companies Income Tax Act 1990 deals with income splitting through incorporated bodies. The provision allows the Federal Board of Inland Revenue to take action where it appears to it that a Nigerian Company controlled by not more than five persons refuses to distribute profits to shareholders as dividends and the purpose for so refusing is to reduce the appropriate tax  payable by suc...

Problems of Black Money

Thus, black money is growing unabated and it has become almost a parallel economy. People hoarding black money are trying to convert it into white money and thus causing inflationary pressure and high cost economy. One school of thought is of the view that the parallel economy has come to stay and it need not be disturbed because it plays a useful role. Condemnation of what is illegal goes against...

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Papers on Islamic Ethics on Tax Evasion

B. Other References Al-Barr, Khalq Al-Insan Baynal Tibb Wal Qur’an (in Arabic), (in Arabic), Third edition, Al-Dar Al-Saudiyyah, Jeddah, 1981. Al-Ghazali. Muhammad, Khuluq Al-Muslim [In Arabic], Dar Al-Bayaan, Kuwait, 1970 Al-Qaradawi, Yusuf, Dawr Al-Qiyam Wal-Akhlaaq Fi Al-Iqtisaad Al-Islaami [in Arabic], Maktabat Wahbah, 1995. Badawi, Jamal A. , "The Earth and Humanity" in John Hick and Edmund...

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