Which if the following statements is correct with regard to the base penalty that will apply if a taxpayer shows intentional disregard of the law in respect to their tax obligations?

Question

Quizplus · Accepted Answer

The correct base penalty for a taxpayer who shows intentional disregard of the law in respect to their tax obligations is 75% of the tax shortfall amount. This is a significant penalty reflecting the seriousness of the offense.

Which If the Following Statements Is Correct with Regard to the Base