Risk & Compliance
Tax avoidance: how does the bank manage the risks of tax-avoiding clients?
Tax evasion versus tax avoidance But first a step back. Tax avoidance is different from tax evasion. Tax evasion is not allowed. It is illegal. Tax avoidance, on the other hand, is legal. But is something that is legal always morally right? Legally paying as little tax as possible has long been high on the […]