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In Contract law, as an exception to the principle of autonomy implicit in the policy of freedom of contract, the parties cannot agree to a voluntary agreement to evade obligations imposed by law or to prevent the courts from taking jurisdiction if a dispute arises.
Case history; Prior: Certiorari to the United States Court of Appeals for the Seventh Circuit: Holding (1) A genuine, good faith belief that one is not violating the Federal tax law based on a misunderstanding caused by the complexity of the tax law is a defense to a charge of "willfulness", even though that belief is irrational or unreasonable; (2) a belief that the Federal income tax is ...
In law and philosophy, voluntariness is a choice being made of a person's free will, as opposed to being made as the result of coercion or duress.Philosophies such as libertarianism and voluntaryism, as well as many legal systems, hold that a contract must be voluntarily agreed to by a party in order to be binding on that party.
Under UK insolvency law an insolvent company can enter into a company voluntary arrangement (CVA). The CVA is a form of composition, similar to the personal IVA (individual voluntary arrangement), where an insolvency procedure allows a company with debt problems or that is insolvent to reach a voluntary agreement with its business creditors regarding repayment of all, or part of its corporate ...
Evasion (ethics), a deceptive act; Evasion (law), to avoid government mandate through specious means (tax evasion, for example) Evasion (network security), techniques to by-pass network security devices; Evasion (numismatics), close copy of a coin with just enough deviation in design and/or legend to avoid violating counterfeit laws
The law aims to eliminate the current tax system that values some benefits in kind at a flat rate, resulting in a lower tax amount than their actual value. Under the new system, certain benefits in kind, such as free accommodation, utilities, or household staff provided by a company to its director, will be taxed at their actual value. [ 16 ]
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Under a deferred prosecution agreement, KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients dodge $2.5 billion in taxes and agreed to pay $456 million in penalties. KPMG LLP will not face criminal prosecution as long as it complies with the terms of its agreement with the government.