VATT Institute for Economic Research: New Study - Risk-Based Tax Audits Increase Tax Revenue by Changing Firm Behavior
June 04, 2024
June 04, 2024
HELSINKI, Finland, June 4 (TNSres) -- The VATT Institute for Economic Research issued the following news release:
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Following a tax audit, firms immediately report more taxable profit, and the reported profits also remain higher for at least five years after the audit. These changes in firms' reporting behaviour explain one third of the tax revenue generated by tax audits.
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The Finnish Tax Administration conducts tax audits as part of . . .
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Following a tax audit, firms immediately report more taxable profit, and the reported profits also remain higher for at least five years after the audit. These changes in firms' reporting behaviour explain one third of the tax revenue generated by tax audits.
* * *
The Finnish Tax Administration conducts tax audits as part of . . .