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Define the term tax evasion list two of the three main tax

1. Define the term "tax evasion"

2. List TWO of the three main tax bases used in developed countries

3. BH purchased 250 items of a product from a foreign entity and imported them into Country X. On import, the products were subject to an excise duty of $8 per item and standard rate VAT on cost including the excise duty.BH purchased the items for $45 each and after importing them sold all of the items for $65 each plus VAT at standard rate.How much is due to be paid by BH to the tax authoritiesin totalfor these transactions?

A. $450

B. $2,450

C. $2,750

D. $3,988

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Financial Management: Define the term tax evasion list two of the three main tax

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