Penalty And Prosecution For Tax Evasion
- IJLLR Journal
- 1 day ago
- 1 min read
Vansh Ralhan, Manav Rachna University
ABSTRACT
A significant financial crime that compromises both government revenue and economic stability is tax evasion. To deter and punish tax evaders, governments across the world have rigid regulations. The legal ramifications, penalties, and prosecution procedures of tax evasion are investigated in this research article. With the aim to understand how tax evasion affects economies, the study looks at both national and international rules, fines for both individuals and businesses, and case studies.
Keywords: Tax Evasion, Financial Crime, Legal Framework, International Cooperation, Penalties and Prosecution