Tax Fraud - 1684 Words

Introduction This paper will discuss the topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly, this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be stated simply as: willfully supplying fraudulent information on tax returns to the Internal Revenue Service (IRS). As we know, no one is perfect and mistakes are made quite often, but the operative word in†¦show more content†¦Current Fraud Schemes There have been many famous tax fraud cases over the years. The ability of individuals to consistently find ingeniously creative ways of committing tax fraud, especially with the magnitude of rules and regulations concerning tax, is astounding. Every year there are thousands of instances of tax fraud schemes taking place, accounting for billions of dollars of lost revenues for the IRS. In 2011 alone, the IRS reported roughly 2 million potentially fraudulent tax returns out of over 145 million tax returns filed.(htt) In addition to highly sophisticated tax fraud schemes, sometimes very simple schemes are able to exist without interference. Of the approximately 2 million fraudulent tax returns filed in 2011, identity theft accounted for about 450,000. (htt) In Tampa, FL for instance, identity theft for the purpose of filing fraudulent tax returns has become more and more prevalent. (htt1) Law enforcement bears witness to thousands of people annually in possession of ledgers, tax filings, lists of SSN’s and personal information, and refund debit cards. However, law states that it is not illegal to simply possess this information, only to use it. Lack of ascertainable proof has for ced the police department to allow hundreds of perpetrators go free, creating a very frustrating situation for everyone involved. Similarly, there has been a recent surge in the identity theft of Puerto Rican citizens’ information. Since PuertoShow MoreRelatedThe Problem Of Tax Fraud1848 Words   |  8 Pagescommon problem in the country we live in? Tax fraud. It is said to be about 80% of the world is doing it. Every country in the world needs taxes from the people to keep the economy running well. That is why we pay for everything in the world, even the parking lot we park our cars when going to the mall. When we pay taxes it allows the country to not have depth, pay the military, be used for government purposes, and also get back to us too. What is tax fraud? It is when someone pays too little or claimingRead MoreBusiness Fraud: Pyramid Schemes, Tax Fraud and Money Laundering1682 Words   |  7 Pages Business Fraud Business fraud basically involves acts that are a breach of ethics and integrity in a business environment. According to Investopedia, business fraud is any activity undertaken, unethical or illegal in most cases that gives an unfair advantage to the undertaker of the action (Investopedia). Action Fraud, a â€Å"fraud report center† in the UK reports businesses of all sizes are vulnerable to fraud and as much as 25% of SMEs in the UK fall victim to fraudsters (Action Fraud). This paperRead MoreCorporate and Personal Income Tax Fraud813 Words   |  3 Pages Corporate and personal income tax fraud is not a new phenomenon; it is a part of day to day business in the global economy. Where there is worship of money there seems to be fraud in one form or another. China is no different than any other country on this planet; it has honest corporations and dishonest ones also. China is listed as number 8 on the top 10 countries for tax fraud (Berr, 2011). United States is still listed as number one and Canada not even in the top 20. Hong Kong is listed as fourRead MoreTax Fraud613 Words   |  3 PagesEconomic Growth Although accounting has often been described as a profession and industry that is fairly recessionary proof, is that really true? For the foreseeable future, individuals and businesses still need CPAs and accountants to prepare and file tax. Companies still require audits. The consulting and advisory services many accountants specialize in will continue to be in demand.If everyone, seemingly, needs an accountant, then the industry hasn’t suffered . . . has it? Accounting firms are a goodRead MoreLegal And Regulatory Environments And Ethics1712 Words   |  7 Pages1. Title: legal and Regulatory Environments and Ethics: Essential Components of a Fraud and Forensic Accounting Curriculum Forensic accounting is defined as the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes. Forensic accountant are very important part of theRead MoreXerox Financial Fraud Case Analysis Essay1620 Words   |  7 PagesFinancial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th, 2002, the Xerox Corporation (Xerox) announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter, its financial fraud became surfaced. On June 28th, Xerox Corporation in accordance with the requirements of the settlementRead MoreMoney Frauds : China And China994 Words   |  4 PagesAgainst Money Frauds China is one of the countries that have the highest yearly rate of frauds. Although the China governments have uploaded many promotional videos on preventing the crooks, but can we really get away from the fraud base on those videos? The risk of fraudulent activity is increases every year in China. The China government should establish a special department to help people to prevent from the money frauds, because frauds are the problem that affects people a lot and also becauseRead MoreAnalyzing How Businesses Cook The Books With Reference For Real World Cases1237 Words   |  5 Pagesfinancial statements of a business, to hide expenses, improve earnings per share (EPS) or to attract new investors. This is known as financial statement fraud or colloquially labelled â€Å"cooking the books†. (Grossman St Amour, 2014) These crimes can have a significant impact on the business, as their stock could be driven into the ground if a fraud is discovered, as well as falling deeper and deeper into debt, by taking more money from investors, all while knowing that they are certainly unable to returnRead MoreThe Liability Of An Accountant1235 Words   |  5 Pagesbeen lobbying for liability reform in cases involving negligence or fraud committed by public accountants. So, being an accounting major myself, I wanted to write about the ongoing fight involving liability reform in public accounting. Contrary to some belief, accounting is not a â€Å"cakewalk† career. Accountants do not sit at a desk one-hundred percent of the time crunching numbers that always add up perfectly. In fact, accounting fraud is one of the largest scandals found today. When an accountant entersRead MoreACC 561 Week 2 Individual Assignment Sarbanes Oxley Act Of 20021432 Words   |  6 Pagesacts. 8. Corporate and Criminal Fraud Accountability: This title may be cited as the ‘‘Corporate and Criminal Fraud Accountability Act of 2002’’. It includes sections for criminal penalties for destruction, alteration, or falsification of financial records. Anyone who destroys, mutilates, conceals, covers up any record, document shall be fined under this title, imprisoned not more than 20 years, or both. It also has sections regarding the statute of limitations of fraud and the protection of employees

Analysis Of George Orwells Animal Farm - 756 Words

No animal in England is free. The life of an animal is misery and slavery: that is the plain truth. These are the words of George Orwell explaining the imprisonment of communism in his allegory Animal Farm. He tells the story of differences between presentation and actuality in his book. Orwell shows the importance of how people will not rebel if there is an illusion of freedom. In the book, the pigs, who were the leaders of the farm, gives an illusion of freedom by gradually changing the rules from all animals are equal to all animals are equal but some are more equal. None of the animals were able to notice the small changes that the pigs were doing to the farm. When a few animals began to see what Napoleon, the pig and†¦show more content†¦These lyrics tells the animals that there is a reason they have to work so hard, and that’s because they want to stay independent. â€Å"Beasts of England† helps keep the animals from protesting against Napoleon’s rules. It makes the animals think that the harder they work, the more freedom they will have, and the better their lives will be. Since the animals were working so hard, they think they have freedom from more free time or plentiful food, but they dont notice, until the last moment, that their food portions have gone down over time and all they do is work. The animals are convinced that anything with two legs are enemies and anything thing with four legs or have wings are comrades. In the beginning of the book, Old Major, an old pig, convinces the farm animals that they should rebel against Manor Farm, and he tells them about how abusive and careless the farmers are. A line in the book states, â€Å"the only good human being is a dead one† (Orwell 43). Old Major has created the idea of friendship and safety between all of the animals forever, but hatred and danger against the humans. So, when Jones is kicked out, they think they have freedom. This makes the animals think that they can rely on each other. The pig have wisdom and leadership which creates a strong bond between them and the animals. Making it easier for the pigs to take advantage of the animals by convincing them that they are better off than were and free, when theyShow MoreRelatedAnalysis Of George Orwells Animal Farm701 Words   |  3 Pageswith what he wa s told. George Orwell’s Animal Farm is about Manor Farm that is seized by its maltreated animals that set up their own government in the now renamed â€Å"Animal Farm†. There are many animals on this farm, including Benjamin, a donkey who is quite old, Clover, a horse who is not very bright, and the two main leaders, pigs named Napoleon and Snowball. Napoleon and Snowball create this new government with seven commandments, the last commandant being that â€Å"All animals are equal†. But when NapoleonRead MoreAnalysis Of George Orwells Animal Farm921 Words   |  4 Pagesover topics such as life or government. When George Orwell wrote his book Animal Farm, it sparked lots of controversy over government. The book was written as a satire to mock the communist regime that was installed after the Russian Revolution. The book does not directly say it is about the revolution but is almost the same tale. George Orwell used subtle ways such as symbolism and anthropomorp hism to represent history in a different way. In Animal Farm, just about every aspect could be used to representRead MoreAnalysis Of George Orwells Animal Farm1079 Words   |  5 PagesEvery Animal for Himself â€Å"By striving to do the impossible, man has always achieved what is possible. Those who have cautiously done no more than they believed possible have never taken a single step forward.† -Mikhail Bakunin. This quote sums up what the author of the book Animal Farm was trying to convey.   Animal Farm is an allegory of the Russian Revolution. Each character in the book portrays someone who played a part in the revolution. In the book, the author, George Orwell, proves that changeRead MoreAnalysis Of George Orwells Animal Farm1711 Words   |  7 Pages1A. Mr. Jones is a significant character because his actions and bad deeds provoked the animal rebellion, similarly to how Tsar Nicholas II ignorance led his abdication, ending the Romanov rule and replacing it with the new Bolshevik government (Krieger 185). Moreover, in the story, the animals replaced what used to be â€Å"Manor Farm† to â€Å"Animal Farm†, and Orwell does this to resemble the transformation of Russia’s government. There are other events in the story that parallel the true events that resembleRead MoreAnalysis Of George Orwells Animal Farm1142 Words   |  5 Pagesâ€Å"Those who do not remember the past are condemned to repeat it,† said Spanish philosopher George Santayana. This brilliant message shows to be present in George Orwell’s satirical novel Animal Farm. In this book, Orwell uses farm animals to illustrate the true nature of the communist Soviet Union under Joseph Stalin. There are many examples in this book and in real life that show the truth of aforementioned Santayana’s statement, for if one does not remember the past, they are only allowing it toRead MoreCharacter Analysis Of George Orwells Animal Farm748 Words   |  3 PagesFight me! Animals have grown to understand humans and be like humans, until they learn to fight back, and keep the idea that they’re free, and then slowly morph back into the ways it used to be when humans were in charge. Analogies about animal farm can range from, the students connecting the book to the bible, government today, passed wars, or even more, because this book was different for everyone. Animal farm is a very simple book at first, but once a person starts to talk about it, itRead MoreCharacter Analysis Of George Orwells Animal Farm923 Words   |  4 PagesAnimal Farm Character Analysis Essay â€Å"Old major†¦ was so highly regarded on the farm that everyone was quite ready to lose an hour’s sleep in order to hear what he had to say† (Orwell 1). The author, George Orwell, portrayed Old Major as the wisest of all the animals on the farm, and without being said, Major was a big part of Animal Farm. In fact, he influenced the lives of all the animals with just one speech. On the day of this speech, Major taught all the animals his wise ideas in a kind supportingRead MoreHow Is Marxism Portrayed in Animal Farm by George Orwell? Essay1369 Words   |  6 PagesHow is Marxism portrayed throughout ‘Animal Farm’ by George Orwell? The main aim of Marxism is to bring about a classless society, and ‘Animal Farm’ is generally considered to be a Marxist novel, as all its characters share a similar ambition at the beginning. ‘Animal Farm’ represents an example of the oppressed masses rising up to form their own classless society, whilst offering a subtle critique on Stalin’s Soviet Russia, and communism in general. Orwell is, ironically, revolutionary in hisRead MoreAnalysis Of George Orwell And Animal Farm Essay2095 Words   |  9 PagesSharon Pittman HUM 314 13 December 2016 George Orwell and Animal Farm: The Provocative Written Word in Political Protest INTRODUCTION AND THESIS Many writers, artists, novelists, journalists, and the sort seek to bring awareness to political and cultural issues through their work. It is not often, though, that their work attains such critically acclaimed status and subsequently creates a platform by which people are moved to respond to the writing’s purpose. George Orwell, however, had a knack for thisRead MoreHow Has George Orwell Used Animal Farm to Present His View of Human Nature?789 Words   |  4 PagesGeorge Orwell’s Animal Farm is a satirical allegory through which he presents his cynical view of human nature. He uses the animal fable effectively to expose the issues of injustice, exploitation and inequality in human society. Orwell uses the allegory, Animal Farm, to present the story of The Russian Revolution and essentially express his opinions on the matter. By plainly exposing the unjust and corrupt system that is communism, Orwell is ultimately presenting his pessimistic view of human

Microeconomics And Economic Theory Samples †MyAssignmenthelp.com

Question: Discuss about the Microeconomics And Economic Theory. Answer: Issues that are Normally Discussed in Microeconomics Microeconomics is a fundamental part of economic theory. Mainly, it focuses on individualeconomic units such as the consumer, the firm, and industry. It tries to explain how a producer, consumer or an industry attains equilibrium while making decisions regarding the allocation of scarce resources. Consumer demand and utility maximization Microeconomicsdiscusses this issue through the consumer demand theory. It tries to explain the relationship between the preferences of consumers in order to achieve an equilibrium that maximizes utility subject to their budget constraints. For instance, consumers seek to maximize their utility from a particular product using their scarce resources. Production The production problem is also a major issue discussed in microeconomics. Therefore, the production theory focuses on the firms decision on the process of converting inputs into outputs According to Harberger, for example, firms are faced with the problem of deciding what to produce, supply, and the quantity to produce. Thus, microeconomics helps firms in reaching an equilibrium price and quantity. Monopoly Market structures Microeconomics also discusses various forms of market structures and their different levels of competition. For example, Pettinger explains how monopoly market structures are considered a microeconomic problem since they create the problem of market failure. Monopolies set exorbitant prices than they would if there was competition and, therefore exploit consumers and create inequality within society. Externalities Microeconomics further discusses the concept of externalities. Pettinger suggests that it is one of the most frequent problems in economics as it has external effects on the people not involved in the activity For instance pollution caused by production factories results in a negative externality to the society. Therefore, Microeconomics mainly discusses issues regarding the decisions of households and firms. In addition, it also focuses on issues such as externalities and market structures. References Harberger, Arnold C. Microeconomics. Econlib, n.d. Web. 14 March 2018. https://www.econlib.org/library/Enc/Microeconomics.html Pettinger, Tevjan. Examples of economic problems, 2016. Economics Help. Web 14 March 2018. https://www.economicshelp.org/blog/15276/economics/examples-of-economic-problems/

The Chorus describes Romeo and Juliet as star-crossed lovers Essay Example

The Chorus describes Romeo and Juliet as star-crossed lovers Essay The Chorus describes Romeo and Juliet as star-crossed lovers Do you think that fate is wholly to blame for what happened to them?We are introduced to the idea of Romeo and Juliet being controlled by fate from the start of the play in the chorus, however there may have been other factors controlling their destiny, so was fate wholly to blame, or are there a combination of other reasons why they ended how they did?Shakespeare is the one who first plants the idea of fate into the readers mind by describing Romeo and Juliet as star- crossed lovers, This is effective in setting the scene and the main characters relationship. It suggests that it was written in the stars that they should be together and so they cannot escape it.Shakespeare continues to use the idea of fate throughout the play. Before the party, Romeo has a fearful premonition; he is feeling tense and worried. He believes that fate, hanging in the stars, is going to make things go wrong at the party. He senses that some cons equence, will, bitterly begin his fearful date. He is obviously scared by the premonition as he uses the word fearful. He is feeling uneasy and is quite worried as he believes that fate will, rule his untimely death, meaning that his death is near, which would worry anyone. The party is where he met Juliet, which is the start to his end as he kills himself over his grief for losing Juliet, so maybe this premonition is truthful.Later in Act III scene 5, Juliet is unhappy about Romeo leaving after their wedding night and she looks down at him and says, Me thinks I see thee, now art so low, as one dead in the bottom of a tomb. This premonition gives the effect of dramatic irony, as in the chorus we are told that both characters die, and the play itself is a tragedy. Fate often gives the effect of dramatic irony, as we know it will happen. This would have been a very frightening premonition for them both and as we know it will happen it suggests that it is fate and so there is no stoppi ng it.Later, Romeo tries to comfort Juliet before he leaves to Mantua. She asks if they will ever be together again and he replies;I doubt it not, and all these woes shall serve for sweet discourses in our time to come.This means that there will be a future for them, when their troubles have all disappeared. But he is unconvincing to both Juliet and the audience, as we know that it all ends badly because we are told in the chorus. Juliet cannot see them having a future together. This suggests that fate does play a part in what happens to them as they can just tell that it will go wrong and there is nothing that they can do. The audience already know that it will go wrong.Linking to the description of Romeo and Juliet in the chorus, Romeo speaks before he is about to drink the poison and kill himself. He says that he will, shake the yoke of inauspicious stars. Meaning that he wants to get rid of the oppression of his unfavourable fate. He is saying that when he is dead he will be fre e from his bad luck. But he is still being controlled by fate, as it was his fate to kill himself over his love and grief for Juliet.Romeo prepares himself for death, he tells his, eyes look your last. This means that he will not be using his eyes again so they should take their last look before he dies. He also says, that he will, set up, his everlasting rest. So it is there that he will rest forever. These show that Romeo cannot bear to live without Juliet as he thinks that she is dead. Their fate to be together was so strong that it brought them to their ends.Other characters in the play also mention the idea of fate. Friar Lawrence is upset about finding the bodies of Romeo and Paris. He feels that it was his fault as it was him who came up with the plan to fake Juliets death. But he soon realises that it was down to fate, Guilty of this lamentable chance. He sees it as a crime that fate and chance have done this. He believes that fate could not have been stopped, Of death, cont agion and unnatural sleep. A greater power than we can contradict. Friar Lawrence means that all these bad things are controlled by something so great that we cannot control it. He too thinks that their love was down to fate or chance and so were their deaths.However there are other factors that could be to blame for what happened to Romeo and Juliet. Romeo was a very passionate person; he often let his emotions take over his actions. For example, when he killed Tybalt in revenge for Mercutios death. He did not think he just let his anger get the better of him and the consequences had dramatic effects and contributed to what happened. If Romeo had not of killed Tybalt then he would not have been banished and Capulet would not have brought the wedding nearer in an attempt to cheer Juliet up. This scene of dramatic irony made the situation worse as Juliet felt that she could not marry Paris and so she then faked her own death. All of the events lead onto another. It was Romeo being le d by his heart and not always his head that resulted in him killing Tybalt in revenge and himself in grief.Romeo also had influential friends who persuaded him to go to the party in the first place where he first met Juliet. Romeo did not want to go to the party because of his fearful premonition in a dream previously, some consequence, will bitterly begin his fearful date. This shows that he is clearly worried about the party but yet his friends persuade him to go. It is due to his friends persuasion that he goes to the party and therefore meets Juliet, which is the start of their relationship.It was Mercutios hot temper that started the fight with Tybalt the day of Mercutio and Tybalts death. If Mercutio had listened to Romeo and not quarrelled with Tybalt then the fight would never have broken out, so Romeo would not have slain Tybalt, which brought on more events.The characters in the play were not always truthful to one another. For example if Romeo and Juliet had confessed the ir love to everyone then a lot of the events could have been avoided. As Capulet would not have demanded that Juliet marries Paris. His decision to do this brought on many other events resulting in Romeo and Juliets death.Both Romeo and Juliet were very young and unadvised. They rushed into things, deciding to marry on the very night that they had met. If they had thought about the consequences of their actions a little more then it may not of ended in the way in which it did. Juliet felt that it was going too fast between her and Romeo, It is too rash, too unadvised, too sudden. She is overcome with love for Romeo in the previous lines but here she is very practical and starts to worry. If they were older and more mature then they would have both listened to Juliets wise words and waited.Romeos age and immaturity is also shown by his love for Rosaline. He believed that he was in love with her and he says, Under loves heavy burden do I sink. He cannot escape his love for Rosaline. B ut yet next day he falls in love with Juliet and in the end dies over his love for her. It would seem that Romeo falls in love very easily, so therefore if Romeo had never met Juliet then he would still be in love with Rosaline and so their lives would not have ended in the way that they did. But others argue that Romeos love for Juliet was a different kind of love, and that it was different to how he felt about Rosaline.It is said that fate is told in our dreams, but according to Mercutio dreams are not true. Mercutio says that Queen Mab chooses what we dream about, Through lovers brains and then they dream of love. He is saying that she should not be trusted and there is no truth in them. He says that dreams are just, Children of an idle brain, they are untrue; they play with the mind whilst it is idle.Dreams are also proven untruthful after Romeo dreams of, joyful news. He dreamt that he died but Juliet kissed him, which revived him and brought him back to life. He is feeling ha ppy and cheerful. He says that, an unaccustomed spirit lifts me above the ground. This means that something, he does not know what, has made him happy, joyful and in good spirits. But we know that the dream is untrue, as Juliet does not bring him back to life with a kiss. This shows dreams to be untrustworthy.In conclusion both fate and factors concerning the characters played a part in what happened to Romeo and Juliet. I do not think that fate is wholly to blame but I do believe that it did have effects on the outcome of the characters. However, even if they had done things differently it does not mean that things would have ended better. Maybe they could not have escaped their fate, as Friar Lawrence believes, Of death, contagion and unnatural sleep. A greater power than we can contradict.