Under Reporting

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Under Reporting

The act of deliberately understating personal income or corporate earnings. One usually underreports in order to pay less in taxes. For example, if one makes $50,000 in a year and reports $35,000, one does not pay taxes on the extra $15,000. Underreporting is illegal because it deprives the government of tax revenue.

Occasionally, underreporting refers to an illegal practice in which a company refrains from reporting earnings in one quarter in order to report them the following quarter. Companies usually do this to drive up the stock price.
References in periodicals archive ?
The maximum penalty upon conviction on charges of under-reporting compensation and breach of trust is 15 years in prison.
Ann Workman, director of public health at Stockton Council, said solving under-reporting was "one of the most difficult and challenging things" agencies faced.
Prosecutors have charged Ghosn with falsifying financial reports in under-reporting his income.
Former Nissan chairman Carlos Ghosn has been charged by prosecutors in Tokyo with under-reporting his income, according to Japanese media reports.
An official added said the audit will be carried-out to check for any under-reporting of revenue by telecom companies, and is expected to be wrapped-up by middle of next year.
Students gave their views on what might be the reasons for under-reporting of ADRs; 46.3% students answered that under-reporting is present because there is unawareness about how the reporting procedure works; 23.3% and 20% students thought it is because of busy duty hours or lack of time for follow-up, respectively; 11% students opined that fear of legal consequences might be the reason for under-reporting [Table 2].
He has been accused of "significant acts of misconduct", including under-reporting his pay package and personal use of company assets.
Nissan Motor chairman Carlos Ghosn is being questioned by Tokyo prosecutors and will be arrested on suspicion of under-reporting his salary, according to Japanese media.
However Labour councillor Gulfam Asif (Dewsbury South) expressed concern that a national "snapshot" did not reflect local issues and that within ethnic minority communities under-reporting of abuse remains a problem.
But this year's survey involves a slight under-reporting by top 25 market stations and a slight over-reporting of stations in markets 101 and smaller.
HYDERABAD -- Muttahida QauAmi Movement-Pakistan (MQM-P) Bahadurabad group deputy convener Faisal Sabzwari has said that the party's reservations over under-reporting of urban populace in the recent census and questionable delimitation should be addresAsed.