In my country, conditions are very heavy about taxing. It is the only income of the government and when they find out someone evading tax, they give punishments like making companies finish their trade life and close the company.
Detecting how much tax you are evading they could give double or triple amount of money as a punishment.
I have seen many companies are closed due to this issue. Punishment amount is like a price, you could never pay.
It depends if it is the first time or not. normally it is a suspended sentence with a fine plus paying back whatever they have not paid. in more severe cases it will be a prison sentence.
In my country, conditions are very heavy about taxing. It is the only income of the government and when they find out someone evading tax, they give punishments like making companies finish their trade life and close the company.
Detecting how much tax you are evading they could give double or triple amount of money as a punishment.
I have seen many companies are closed due to this issue. Punishment amount is like a price, you could never pay.
It depends if it is the first time or not. normally it is a suspended sentence with a fine plus paying back whatever they have not paid. in more severe cases it will be a prison sentence.
It depends on the country - and of course on how much money we're talking about.