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Tax Evasion


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Minimum-Interest Rules: Definition, How It Works, Example

When two parties engage in a loan transaction, minimum-interest rules can mandate that an interest rate that's not too low be charged, even in...

FATCA: Definition and Rules for Foreign Account Tax Compliance

The FATCA (Foreign Account Tax Compliance Act) compels U.S. citizens at home and abroad to file annual reports on their foreign account holdings.

Fiat Money: Definition, Functioning, Examples, Pros & Cons

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. Read more about dollars, euros,...

Consumption Tax vs. Income Tax: Definitions and Types

A consumption tax is a tax on the purchase of a good or service; or a system taxing people on how much they consume...

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