Transcription of Evading the Net: Tax Crime in the Fisheries Sector …
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Evading the Net: Tax Crime in the Fisheries Sector …
Evading the Net: Tax Crime in the Fisheries Sector Evading the Net: Evading the Net: Tax Crime in the Fisheries Sector The Fisheries Sector is a large and thriving industry within the global economy, with strategic importance for many developed and developing countries. Worldwide, Tax Crime in the the Sector has an annual value in excess of USD billion, and over 500 million people in developing countries depend, directly or indirectly, on Fisheries and Fisheries Sector aquaculture for their livelihoods. This report looks at the issue of tax Crime in the Fisheries Sector , including frauds over taxes on profit and earnings, customs duties, VAT and social security, with examples from real cases. These include crimes that rely on features characteristic of the Fisheries Sector , as well as those seen in other industries. The report discusses aspects of the Sector that make it vulnerable to tax Crime , including a lack of transparency and difficulty in obtaining beneficial ownership information resulting from the use of offshore companies and the practice of registering vessels under flags of convenience.
Evading the Net: Tax Crime in the Fisheries Sector Evading the Net: Tax Crime in the Fisheries Sector The fisheries sector is a …
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