In: Other Topics. Why people by counterfeit products? There is no place in the world free with this type of products. Knowing the importance of this problem, different organizations around the world are making a big effort trying to create a variety of countermeasures in order to stop the development of this sector and of course the negative consequences.
Tax Evasion or Tax Avoidance 2. The distinction between this and evasion must at the outset be clearly understood. Evasion is, for example, the deliberate submission of false returns, the omission of sales from the trading account, the inflation of claims for deduction of expenditure, etc. For the transactions that are created for the sole purpose of tax savings or tax avoidance the courts are looking beyond the form of the entity, and evaluating its substance to prove economic and business purpose. If the court decides that no real business purpose is found strict penalties can be applied for each transaction.
Chartered banks and their privately issued notes proliferated. Countless banks issued paper money in a bewildering variety of denominations and designs—more than ten thousand different kinds by Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. In Stephen.
Please join StudyMode to read the full document. Why is it so difficult to stop? Government 1 Extensive use of counterfeit products and pirated software 2 Economic dependency issues 2 Difficulty in identification a. Progress of technology in the printing, scanning, and copying fields.