1 in 5 banks in Asia Pacific says tax evasion will more than double this year despite new rules
24 May 2017

One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico.

A further one in five senior fraud managers surveyed said they expect the increase to be up to double last year’s levels. While only 22 per cent of respondents felt tax evasion would decrease this year.

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