Discussion in 'Accounting, Tax & Legal' started by NickM, 17th Oct, 2006.
and we thought Australia had a tax avoidance problem !
See attached Article
That's pretty bad. I guess if their version of the ATO isn't going to enforce the law then you can expect that to happen. I'm guessing a fair bit of it is going unchecked due to corruption as well. (or that me watching too many movies!)
Korea is as bad as Italy because it has a system based on declaration by the taxpayers.
They also have agents selling receipts etc for tax declaration and I recently (3 years ago) found that this practice for small company owners are rampant in mainland China.
So sometimes wonder, whether the growth figures produced world agencies are real !!!
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