Question

Tax evasion is an example of what type of offence?​

Answer 1

Answer:

The American Example

In the US, tax evasion is considered a criminal offence which can lead to penalty or imprisonment or both. Section 7201 of the IRS Code prescribes a fine of not more than $1,00,000 or imprisonment for not more than 5 years or both for tax evasion.

Answer 2

Answer:

Criminal offence

Explanation:

Tax evasion is an illegal activity in which a person or entity deliberately avoids paying a true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties. To willfully fail to pay taxes is a federal offense under the Internal Revenue Service (IRS) tax code.