Revenue Administration: Implementing a High-Wealth Individual Compliance Program

Lucilla Mc Laughlin and John Buchanan

No 2017/007, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This technical note is provided as guidance to tax administrations that are considering a program to enhance the tax compliance of high wealth individuals. The note explains the rationale for a specialized compliance program for this segment of the taxpayer base and provides guidance on defining the population of wealthy individuals. Advice is also given on how to assess readiness for such a compliance program, taking into account the legal framework, the political environment, the availability of the necessary data and the administration’s capacity to implement it. The note then gives practical advice on implementing a high wealth individual compliance program, using the compliance risk management model as its foundation.

Keywords: TNM; administration; tax; HWIs; HWI compliance program; HWI; Tax Administration; Tax Compliance; Tax Avoidance; Tax Audit; Personal Income Tax; Compliance Risk Management; High Wealth Individual; Ultra-High Wealth Individual; HWI tax contribution; tax withholding; tax contribution; tax statute; financial activity; tax procedure laws; tax administration risk; tax recovery; HWICP program; administration data; earned income; tax jurisdiction; Tax administration core functions; Personal income; High Net Wealth Individuals; Auditing; Capital income; Global (search for similar items in EconPapers)
Pages: 36
Date: 2017-05-05
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