With most sizable transactions in society now linked to national identity card numbers, the tax authorities have a lot of data that can be used to find non-filers and get a better handle on underreporting
Exhibit 2 depicts the major impact that third-party information reporting has on the individual underreporting
tax gap--a little more than half of the underreporting
gap derives from areas with little or no third-party reporting.
Motivated by empirical evidence, we focus on underreporting
of self-employment income as a source of mismeasurement of value added.
In 2005, the underreporting
rate stood at only 6 percent, and has continued to rise to 35 percent in 2013.
According to the agency, a Honda employee first identified the problem in 2011, and regulators notified the company of potential underreporting
as early as 2012.
Young asked him if he knew he was underreporting
The theory presented in this study indicates that incentives can cause underreporting
of time, but that such effects likely depend on the time delay between task completion and time reporting (time reporting delay).
This approach yields results statistically identical to the underreporting
rate for the individual income tax return filing population estimated by the U.
The difference has prompted critics to claim that the funds are underreporting
their unfunded liabilities, or the gap between what they've promised to pay retirees in the future and what they'll actually have on hand to cover the benefits.
The MLBPA will also be closely scrutinizing the reporting of these revenues because underreporting
obviously reduces the amount of money available to players.
OSHA has initiated a new national emphasis program on recordkeeping in response to several studies of underreporting
and congressional interest.
To monitor those who may be underreporting
their income payments, the IRS relied on its examination and automated under-reporter programs.