True Or False URGENTTT 5. Tax evasion sometimes involves the use of offshore tax havens and money laundering activities that are often hard to trace.

6. Tax planning involves legally minimizing the amount of tax payable.

7. It is important to be aware that many tax planning arrangements have not been tested by the courts and their effectiveness may therefore be questionable.

8. As a general rule, taxpayers are assessed on the basis of the information contained in their returns.