Posted On 11 Sep 2017
Customs announced that of 20 billion imported physical units, 70% had been undervalued to pay fewer taxes. The director of the Chamber of Commerce of Guayaquil Juan Carlos Díaz-Granados demanded the names of the tax dodgers. He added that stating that 70% of importers engage in fraudulent activities, are serious allegations that must be proven. “They can not be based simply on conjectures. That is dangerous and does not promote a business ecosystem based on legal certainty, which we require to attract investment and adequate employment,” he said. The Chamber rejects dishonest acts and calls on the authorities to act more transparently.
But IRS officials say that ten companies that import undervalued products and therefore have paid fewer taxes have been identified. In the coming days, the Internal Revenue Service will publish the names of the dishonest taxpayers.
Both the IRS and Customs are working to discover other strategies that are used to pay fewer taxes. Fraudulent acts can lead business owners to jail between two and seven years. (I)