Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations

Dora Benedek, Martin Grote, Grace Jackson, Maksym Markevych, Christophe Waerzeggers and Lydia Sofrona

No 2022/002, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This note explores the conditions, design elements, and implementation considerations of a successful voluntary disclosure program (VDP), including its compliance with anti–money laundering/combating the financing of terrorism (AML/CFT) international standards. The note emphasizes that such a program must be offered in the context of a considerably strengthened and credible enforcement capacity—one that is explicitly publicized to taxpayers—to avoid undermining tax morale.

Keywords: Tax Evasion; Tax Policy Design; Tax Revenues; Illegal Behavior; anti–money laundering; combating the financing of terrorism; AML/CFT; tax policy Design; VDP adjudication unit; offshore Voluntary Disclosure Program; A. Elements of VDPS; IMF manaqement; Anti-money laundering and combating the financing of terrorism (AML/CFT); Flat tax; Tax administration core functions; Tax evasion; Foreign assets; Global (search for similar items in EconPapers)
Pages: 38
Date: 2022-04-06
New Economics Papers: this item is included in nep-iue, nep-law and nep-pbe
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