Dictionary
Thesaurus
Encyclopedia
Translator
Web

voluntary compliance

 - 1 dictionary result
Financial Dictionary

Voluntary Compliance

An assumption or principle that taxpayers will comply with tax laws and, more importantly, accurately report their income and deductions honestly.

Investopedia Commentary

This is one of those "ideal world" principles for example, in an ideal world we wouldn't need police officers.

See also: Audit, Income Tax, Loophole, Tax Evasion

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Search another word or see voluntary compliance on Thesaurus | Reference
FacebookTwitterFollow us: