What happens if you don’t pay your taxes
Purpose:
Students should understand what are the disadvantages and consequences of not paying taxes.
Objectives:
Identify and understand the concept of “Shadow Economy”
Explain what counterfeit goods represent and why they damage the Economy.
Explain why evading tax can bring unwanted consequences not only to the persons evading taxes, but also to the people involved in their activities.
Debate how people can help prevent tax evasion.
The content of this training course:
- is of general nature only and is not intended to address the specific circumstances of any particular individual or entity;
- does not provide professional or legal advice;
- is valid as of the date of its publication. Updated VAT rates can be consulted on EUROPA.
Only European Union legislation published in the Official Journal of the European Union is deemed authentic.
Materials:
Micro-clip “What happens if you don’t pay your taxes”
Interactive whiteboard (or just a LCD projector)
Vocabulary:
taxes, shadow economy, tax evasion, earnings