What is Tax evasion? Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer’s affairs to the tax authorities to reduce the taxpayer’s tax liability. African countries like Liberia lose billions of dollars every year to tax evasion; this is money that could be spent on uplighting people and delivering services especially to the needy. He wrote that the RB Group had a bank account with Ecobank in Monrovia as well.

Source: Front Page Africa October 04, 2021 05:00 UTC