In most of the countries it is pretty normal that the sanction will arrive after many years, just a couple of months before the statute limitations time expired... and if the amount of tax is high enough in some countries it could reach even 12 years in case if tax crimes... so maybe in those cases after 11 years the guy would have a bad surprise...Hi guys,
I just have a blunt question: what are the chances of getting caught underreporting/not reporting one’s taxes in EU countries?
I know it sounds pretty stupid to ask, and I am expecting most people will say that it’s not advisable and that “one day you’ll get caught”, but realistically what are the chances?
The reason I am asking is because it seems impossible to measure the risk since on one hand some people will say that you’ll get caught one day or another, and on the other hand I have personally witnessed people conceding income from tax authorities in developed European countries (Germany, France) and get away with it (some people doing it for 7-10years).
I am not talking big money here but rather low 6 figure incomes and I am just curious to see if you guys had any tangible feedback on this topic.
Nowadays with CRS, before or later, it is highly probable they will check on that....