Where Do You Stand on the Tax Evasion Industry

Article Abstract:

Chartered accountants of the United Kingdom, when surveyed, supported increased investigation of tax evaders, felt tax evasion to be morally wrong, and were concerned about the level of tax evasion at present. The purpose of the survey was not to measure the size of the hidden economy, but to gauge feelings about its importance, and its effect on the work of the chartered accountant. There are two types of grey areas; one is when the facts are clear, but the law is not and the other is when the facts are unclear, but the law is not. Its is the second that causes the problem because the accountant must not support clients when they are attempting to evade. The accountant's responsibility is not clearly defined. The picture of moral climate is gloomy. Most respondents feel that they are attempting to stay within moral bounds, but that their colleagues are subject to moral decay.

Ethics

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What Role for the Practitioner in Curbing Evasion?

Article Abstract:

Chartered accountants practicing in the United Kingdom, in a survey gathered by the Institute of Chartered Accountants in England and Wales, reveals a concern about tax evasion and also, their responsibility in attempting to curb it. Respondents feel that honest taxpayers are hurt by evasion and what it creates. The respondents point out a difficult problem that in their attempts to curb evasion, they have to check the accounts thoroughly. However, the client is the one who pays for it and he resents paying for something which only benefits the Inland Revenue. Inadequate bookkeeping is another problem with ascertaining accuracy of accounts. There is no incentive to improve bookkeeping unless the client can be convinced that it will benefit management in the business. Tables of questions and answers are included.

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Profession Backs Wider (But Fairer) Tax Investigations

Article Abstract:

The most magnificent measure introduced by the Revenue in recent years has been the 'in-depth' investigation. Accountants show concern over two aspects; use of gross profit percentage to establish profit and too often an investigation continues long after it has become clear that no serious omission has been made. The survey recommended: establishing clear guidelines concerning the role of the accountant, making further resources available to enable the protection for innocent taxpayers put to expense as a result of an enquiry, setting up a joint IR/C and E team to inspect accounting systems for both value added tax (VAT) and income tax purposes, and giving more publicity to the importance of full and honest disclosure and the penalties for failure.

Accounting and auditing, United States. Internal Revenue Service

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