underreporting of income
Underreporting of income refers to the act of intentionally providing inaccurate or incomplete information regarding one's earnings, assets, or financial transactions in order to pay less taxes or avoid certain legal obligations.
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Related Concepts (1)
Similar Concepts
- biased reporting
- expenditure reporting
- false income reporting
- financial reporting
- individual tax evasion
- national income statistics
- penalties for tax evasion through unreported income or hidden assets
- personal income taxes
- shadow economy and tax avoidance
- tax evasion
- tax reporting
- tax revenue shortfall
- underreporting income
- unreported cash transactions
- unreported income