Technical Notes and Manuals

Revenue Administration: Implementing a High-Wealth Individual Compliance Program

By Lucilla Mc Laughlin, John Buchanan

May 5, 2017

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Lucilla Mc Laughlin, and John Buchanan. Revenue Administration: Implementing a High-Wealth Individual Compliance Program, (USA: International Monetary Fund, 2017) accessed November 1, 2024

Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This technical note is provided as guidance to tax administrations that are considering a program to enhance the tax compliance of high wealth individuals. The note explains the rationale for a specialized compliance program for this segment of the taxpayer base and provides guidance on defining the population of wealthy individuals. Advice is also given on how to assess readiness for such a compliance program, taking into account the legal framework, the political environment, the availability of the necessary data and the administration’s capacity to implement it. The note then gives practical advice on implementing a high wealth individual compliance program, using the compliance risk management model as its foundation.

Subject: Auditing, Capital income, High Net Wealth Individuals, National accounts, Personal income, Public financial management (PFM), Revenue administration, Tax administration core functions

Keywords: Administration, Administration data, Auditing, Capital income, Compliance Risk Management, Earned income, Financial activity, Global, High Net Wealth Individuals, High Wealth Individual, HWI, HWI compliance program, HWI tax contribution, HWICP program, HWIs, Personal income, Personal Income Tax, Tax, Tax Administration, Tax administration core functions, Tax administration risk, Tax Audit, Tax Avoidance, Tax Compliance, Tax contribution, Tax jurisdiction, Tax procedure laws, Tax recovery, Tax statute, Tax withholding, TNM, Ultra-High Wealth Individual

Publication Details

  • Pages:

    36

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Technical Notes and Manuals No. 2017/007

  • Stock No:

    TNMEA2017007

  • ISBN:

    9781475592948

  • ISSN:

    2075-8669