Abstract
The pervasiveness of tax non-compliance remains a serious concern to most tax authorities around the world. The negative impact from tax non-compliance not only diminishes taxpayers‟ confidence in the tax system; but it can also affect economic and social development. For example, in the United States (US), the collapsed of Enron and the subsequent accounting and tax scandals of WorldCom and Tyco in the early 2000s caused tax authorities to suffer huge tax revenue loss due to unpaid income tax (Bloommberg-News, 2011). A brief report on the cost of tax evasion (a form of intentional tax non-compliance) worldwide by Murphy (2011) revealed that the US was ranked top in terms of tax revenue loss that carried a sum of USD337, 349 million, followed by Brazil (USD280, 111 million) and Italy (USD238, 723 million). As a result, the loss of tax revenue due to tax noncompliance has prompted tax authorities around the world to strengthen their tax audit and tax investigation.
Metadata
Item Type: | Book Section |
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Creators: | Creators Email / ID Num. Mohd Yusof, Nor Azrina yina1437@kedah.uitm.edu.my |
Subjects: | H Social Sciences > HJ Public Finance > Revenue. Taxation. Internal revenue H Social Sciences > HJ Public Finance > Tax collection. Taxpayer compliance |
Divisions: | Universiti Teknologi MARA, Kedah > Sg Petani Campus |
Volume: | 1 |
Page Range: | pp. 9-10 |
Keywords: | accounting; tax; Malaysian |
Date: | December 2018 |
URI: | https://ir.uitm.edu.my/id/eprint/47457 |