Compounding fee calculation: compute fee from tax on concealed income at maximum marginal rate, then apply prescribed percentage tiers. Compounding fee must be computed by reference to the income sought to be concealed and the tax on that income calculated at the maximum marginal rate. The fee is set at 100% of that tax where the concealed income is below the monetary threshold, and 200% where it exceeds the threshold, replacing divergent interpretations based on tax alone or aggregated tax, interest and penalties.
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Compounding fee calculation: compute fee from tax on concealed income at maximum marginal rate, then apply prescribed percentage tiers.
Compounding fee must be computed by reference to the income sought to be concealed and the tax on that income calculated at the maximum marginal rate. The fee is set at 100% of that tax where the concealed income is below the monetary threshold, and 200% where it exceeds the threshold, replacing divergent interpretations based on tax alone or aggregated tax, interest and penalties.
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