Engaging with High Net Worth Individuals on Tax Compliance

Business & Finance, Accounting, Taxation, Finance & Investing
Cover of the book Engaging with High Net Worth Individuals on Tax Compliance by Collective, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collective ISBN: 9789264068872
Publisher: OECD Publication: September 9, 2009
Imprint: OECD Language: English
Author: Collective
ISBN: 9789264068872
Publisher: OECD
Publication: September 9, 2009
Imprint: OECD
Language: English

High Net Worth Individuals (HNWIs) pose significant challenges to tax administrations due to the complexity of their affairs, their revenue contribution, the opportunity for aggressive tax planning, and the impact of their compliance behaviour on the integrity of the tax system. This publication examines in detail this taxpayer segment, describes their usage of aggressive tax planning schemes and proposes prevention, detection and response strategies that tax administrations can use to respond to these challenges. It also addresses aspects of voluntary disclosure initiatives for past non-compliance that may be particularly pertinent in the current environment.

The publication outlines a number of innovative approaches to enable governments to better manage the risks involved with marketed tax schemes and tailor-made arrangements. To improve compliance, tax administrations could consider changing the structure of their operations to focus resources effectively, for example, through the creation of a dedicated HNWI unit. Other recommendations include creating the appropriate legal framework, exploring forms of co-operative compliance and engaging more in international co-operation, at both the strategic and operational level.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

High Net Worth Individuals (HNWIs) pose significant challenges to tax administrations due to the complexity of their affairs, their revenue contribution, the opportunity for aggressive tax planning, and the impact of their compliance behaviour on the integrity of the tax system. This publication examines in detail this taxpayer segment, describes their usage of aggressive tax planning schemes and proposes prevention, detection and response strategies that tax administrations can use to respond to these challenges. It also addresses aspects of voluntary disclosure initiatives for past non-compliance that may be particularly pertinent in the current environment.

The publication outlines a number of innovative approaches to enable governments to better manage the risks involved with marketed tax schemes and tailor-made arrangements. To improve compliance, tax administrations could consider changing the structure of their operations to focus resources effectively, for example, through the creation of a dedicated HNWI unit. Other recommendations include creating the appropriate legal framework, exploring forms of co-operative compliance and engaging more in international co-operation, at both the strategic and operational level.

More books from OECD

Cover of the book Strategic and Policy Issues Raised by the Transition from Thermal to Fast Nuclear Systems by Collective
Cover of the book OECD Investment Policy Reviews: Viet Nam 2009 by Collective
Cover of the book African Economic Outlook 2009 by Collective
Cover of the book Financing SMEs and Entrepreneurs 2017 by Collective
Cover of the book Examens de l'OCDE des politiques de l'investissement : Égypte 2007 by Collective
Cover of the book The OECD Innovation Strategy by Collective
Cover of the book Towards Better Social and Employment Security in Korea by Collective
Cover of the book Regions Matter by Collective
Cover of the book Reviews of National Policies for Education: Tertiary Education in Chile 2009 by Collective
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: India 2010 by Collective
Cover of the book Examens de l'OCDE des politiques de l'investissement : Pérou 2008 by Collective
Cover of the book OECD Economic Surveys: Russian Federation 2009 by Collective
Cover of the book Improving Schools by Collective
Cover of the book Health at a Glance 2017 by Collective
Cover of the book OECD Economic Surveys: Australia 2010 by Collective
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy