Sat.Feb 17, 2024

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Weekend Discussion: “The System Is Very Close to a Tipping Point of Massive Non-Compliance”

Going Concern

Said accounting profession veteran Kim Moody in Financial Post : In my view, the system is very close to a tipping point of massive non-compliance in a number of areas of tax law. Put simply, if taxpayers and their advisers (and even tax specialists) have a hard time understanding new legislation, it can and will lead to non-compliance. The system then breaks down.

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