Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations

Download or read book Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations written by Ms. Dora Benedek and published by International Monetary Fund. This book was released on 2022-04-06 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.