It is very difficult to shell out money to the government which we have earned by hard work, however, it’s our duty to contribute to the welfare of the society & nation in the form of taxes. Since everyone is not considering it as an obligation that’s why a lot of Tax fraud has been emerging. Tax fraud, evasion or cheating, call it whatever you want, the fact it is not a new thing, it has been in the society from centuries and still exists.
In the context of the tax fraud, once for 2008-2010 assessment, the IRS ( Internal Revenue Service) revealed a report in which they mentioned that the tax gap (the difference between taxes owed and taxes paid) reached to $458 billion.
A recent survey made by Teamblind in which they asked one simple question “When filing my taxes, I have improperly used tax shelters or intentionally misreported my earnings or expenses.” And the survey participants simply have to answer in one word either “True” or “False“.
The Teamblind.com had run the survey from April 6 through April 9, 2019. The total number of users responded were around 8,113 from tech background on their anonymous networking platform app called Blind. They said, overall, only 6.63 percent of respondents admitted to cheating on their taxes.
According to the survey team, the main reason why the people are adopting such tax evasive practises to hold as much as the money they could is obvious- some are not happy with domestic and foreign policy, politics or have ideological and philosophical objections to income taxes.
We also broke down the results of different companies; surveyed by Teamblind with at least 100 unique responses from employees. Here’s what we found:
- Apple has the highest percentage of employees cheating on taxes with 7.64 percent
- Uber and LinkedIn round out the top three with 7.57 percent and 7.08 percent respectively answering with ‘True.’
- Intel has the lowest percentage of employees currently job searching, with only 2.36 percent answering with ‘True.’
- Rounding out the three companies with the lowest percentage worried about layoffs, are Oracle with 4.49 percent answering with ‘True,’ and Facebook, with only 4.93 percent answering with ‘True.’