The Ways to Prevent Intentional Tax Evasion

Abstract

Tax evasion poses a substantial challenge to governments worldwide, undermining public revenue and eroding trust in the tax system. This article explores a multifaceted approach to preventing intentional tax evasion. Drawing from a review of academic research, case studies, and policy initiatives, it delves into strategies encompassing behavioral economics, legal and regulatory reforms, technology and data analytics, international cooperation, and transparency measures. The article emphasizes the importance of fostering a culture of compliance, deterring evasion through legal means, leveraging technology for detection. It also underscores the significance of addressing corporate tax evasion, whistleblowing, and transparency.