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  • "VDP adjudication unit" x
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Cover Technical Notes and Manuals
Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations
Ms. Dora Benedek, Martin Grote, Grace Jackson, Maksym Markevych, Mr. Christophe J Waerzeggers, and Ms. Lydia E Sofrona
This note explores the conditions, design elements, and implementation considerations of a successful voluntary disclosure program (VDP), including its compliance with anti–money laundering/combating the financing of terrorism (AML/CFT) international standards. The note emphasizes that such a program must be offered in the context of a considerably strengthened and credible enforcement capacity—one that is explicitly publicized to taxpayers—to avoid undermining tax morale.
Keywords:
Tax Evasion, Tax Policy Design, Tax Revenues, Illegal Behavior, anti–money laundering, combating the financing of terrorism, AML/CFT; tax policy Design; VDP adjudication unit; offshore Voluntary Disclosure Program; A. Elements of VDPS; IMF manaqement; Anti-money laundering and combating the financing of terrorism (AML/CFT); Flat tax; Tax administration core functions; Tax evasion; Foreign assets; Global
Cover Technical Notes and Manuals
Voluntary Disclosure Programs — Design, Principles, and Implementation Considerations
Ms. Dora Benedek, Martin Grote, Grace Jackson, Maksym Markevych, Mr. Christophe J Waerzeggers, and Ms. Lydia E Sofrona

acceptable, it can be paid within 30 days of the approval of the application from local funds. VDP applicants and facilitators should pay the flat tax or other related levies through the banking system to a domestically controlled account managed by the central bank. The proposed VDP adjudication unit (see Section IV) would only report monthly on reconcili-ated payments without physically handling the funds. Audit of Data Contained in the Voluntary Disclosure Report Most VDPs protect applicants against repeated audits or misuse by the revenue administration of data

Keywords:
adjudication unit; tax authorities; secrecy provision; compliance action; revenue effect; Anti-money laundering and combating the financing of terrorism (AML/CFT); Tax evasion