Meaning Voluntary compliance
What does Voluntary compliance mean? Here you find 6 meanings of the word Voluntary compliance. You can also add a definition of Voluntary compliance yourself

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Voluntary compliance


One approach for demonstrating corporate social responsibility is voluntary compliance. In the notion of voluntary compliance, it states that citizens will collaborate with their government by filing truthful and correct annual returns. It means that each individual is expected to precisely record his duties without the involvement of the government, whereby the individual will organize and record a proper tax returns, giving a truthful indication of their income. The idea of voluntary compliance does not lie in the completion of the tax return, but rather in the manner in which an individual reports his income or claims deductions. Checking that every taxpayer is truthfully disclosing everything also is an unachievable burden. In this context, voluntary compliance comes into play.
yovesh - 30 May 2022

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Voluntary compliance


The concept that our tax system relies on taxpayers to pay the correct amount of taxes on time of their own free will.
Source: efile.com

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Voluntary compliance


Voluntary compliance is the philosophical principle that people will follow the rules honestly. The U.S. tax system is based on voluntary compliance, in that taxpayers are expected to report their tax [..]
Source: mortgageloan.com

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Voluntary compliance


U.S. tax system is based on voluntary compliance. Voluntary compliance is an assumption or principle that the U.S. taxpayers must comply with tax laws and, more prominently, accurately report their in [..]
Source: definitions.uslegal.com

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Voluntary compliance


Your mom might order you to clean up your room but the IRS doesn't have time to tell every single taxpayer to file taxes correctly and on time. There are millions of taxpayers in this country, af [..]
Source: fountaincpa.com

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Voluntary compliance


Refers to an approach taken by the Ministry of the Environment whereby there is no formal enforcement of laws by government officials, but compliance is brought about using non-enforceable agreements with those they are regulating. The opposite of mandatory compliance.
Source: ecoissues.ca

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