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Social media for tax evaders

01 September 2010

A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com

Source: www.facebook.com

Social media for tax evaders

Tax Relief has no friends and so has no need for social media sites such as Facebook and Twitter.

This is not the case for everyone though. The Philippines government has begun using the popular sites to track down individuals involved in tax evasion. President Benigno Aquino has turned to the internet to boost his campaign to eliminate tax cheats and raise government revenues.

It seemed that honest, tax-paying citizens were growing increasingly frustrated with friends and colleagues avoiding tax and so began incriminating their friends for the whole world to see by posting information on the president's Facebook page.

Kim Henares, Philippines Internal Revenue Commissioner, is now looking into more than 100 allegations of tax evasion. Her aim is to boost tax revenue to 15% of GDP within a year after it fell to 12.8% last year from a record...



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International Tax Review Profile

Our #ArticleOfTheWeek is available on our #facebook page for free http://t.co/7JkhGVMutQ

Jul 30 2015 09:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

A new Brazilian scheme which looks a lot like the UK's #DOTAS requires taxpayers to disclose details of #tax planning http://t.co/Xjpfnz3NLG

Jul 28 2015 05:52 ·  reply ·  retweet ·  favourite
International Tax Review Profile

As empresas brasileiras estão agora obrigados a divulgar estruturas de planeamento fiscal. http://t.co/XjpfnyMcU8

Jul 28 2015 05:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

#IASB defers effective date of #revenuerecognition standard for 1 year http://t.co/DAMx1z0gDa

Jul 23 2015 04:11 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Oh dear! Large taxpayers aren't going to like this. Whichever side you're on, it means more #compliance http://t.co/kqnEyJdQRx @HMRCgovuk

Jul 23 2015 04:06 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?