Why Do Entrepreneurs Engage in Tax Non-Compliance?
Several factors can drive entrepreneurs towards tax non-compliance:
1. Lack of Knowledge: Many new business owners may not fully understand the complexities of tax laws. 2. Cash Flow Issues: Entrepreneurs might underreport earnings to retain more capital within the business. 3. Complexity of Tax Systems: The intricate tax codes can be overwhelming, leading to accidental non-compliance. 4. Perceived Low Risk of Detection: Some may believe that the likelihood of getting caught is minimal.