tax amnesty
Penalty-free disclosure period
Tax amnesty is a government program allowing taxpayers to pay overdue taxes without the usual penalties or prosecution.
These limited-time offers encourage people to come forward with previously unreported income or unpaid obligations: The state declared a tax amnesty, and thousands filed back returns.
The amnesty typically waives fines and criminal charges but still collects the original tax owed.
- filing deadlinesRequired completion times for paperwork
- moral hazardConsequence-free risk-taking incentive
- legal immunityProtection from prosecution
- fairnessJust and equal treatment
- complianceAdhering to requirements
economic incentives · hidden assets · equity · public perception · payment plans · fresh start · clean slate · second chance · ethical dilemmas · eligibility criteria · debt relief · OECD guidelines · accountability · fiscal policy · civic responsibility · fiscal deficit · transparency · application forms
- clemencypardon, clemency, reprieve, commutation, presidential pardon
- tax enforcementIRS, revenue agent, levy, seizure, wage garnishment
- taxeswithholding, VAT, GST, customs duty, FICA
- taxationVAT, withholding, deductions, deduction, exemptions
- fiscal policybudget deficit, deficit spending, national budget, budget surplus, budget deficits
- Tax Proceduresfiling deadlines, audit process, reassessment, objection, dispute resolution
tax amnestytax enforcement
Ensuring taxes get paid
tax audit · tax penalty · criminal prosecution · garnishment · asset seizure
tax, taxes, taxed, taxing, taxation, taxable, taxpayer, taxpayers, amnesty