What is Tax evasion?
'''Tax evasion''' is criminal activity to evade [[tax]]es. It may be done by trusts, persons or [[organization]]<nowiki/>s. The main way taxpayers evade taxes is by deliberately misrepresenting the actual state of their affairs to tax authorities to reduce their tax liability. This includes dishonest tax reporting, such as declaring less income or profit than the amounts which were actually earned. Tax evasion is an activity connected with the informal [[economy]]. == Related pages == *[[Corruption]] *[[Panama Papers]] {{stub}} [[Category:Taxation]] [[Category:Financial crimes]]