The role of financial institutions in tax evasion prevention
Friday, July 24, 2020
Persons caught evading tax are usually subjected to criminal charges and substantial consequences.
Tax evasion applies to both unlawful non-payment and underpayment of taxes. Entities that are not tax compliant and/or not registered for tax, could be doing so to evade tax.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...