🚨 BE CAREFUL | TAX EVASION VS. TAX AVOIDANCE 🚨 The post shared here is filled with risky practices that could lead to tax evasion if you're not careful. Let’s break down the main issues: 1️⃣ LLC Transfer for Anonymity This creator suggested buying property in one LLC (which holds the mortgage), then transferring it to another LLC for “anonymity.” But here's the problem: transferring a property can trigger a due-on-sale clause in your mortgage, forcing you to have to pay off the loan immediatel

593K views · 16K reactions | Long before the Panama Papers revelation, I asked David Cameron what he will do to tackle tax avoidance and evasion. The response was Tory laughter and no action from Cameron. | Jeremy Corbyn | Facebook

Tax evasion is an illegal activity in which a person or entity deliberately avoids paying a true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties. | M&J Africa | Facebook