Which of the following is an objective of tax compliance?

The objective of tax compliance revolves around adhering to tax laws and regulations, which includes ensuring that individuals and businesses accurately report their tax obligations in a timely manner. This means preparing and filing returns correctly and on time, which is crucial for maintaining good standing with tax authorities and avoiding penalties or interest that can arise from late or inaccurate submissions.

Accurate reporting helps in correctly calculating the taxes owed, ensuring taxpayers meet their responsibilities under the law while also allowing them to take advantage of any deductions or credits for which they may be eligible. Timeliness is equally important, as it demonstrates conscientiousness and adherence to legal obligations, which can further foster trust with tax authorities.

In contrast, the other options do not align with the fundamental principles of tax compliance. Avoiding all forms of taxation would imply illegal tax evasion rather than compliance. Maximizing personal earnings might be a financial goal, but it does not reflect compliance with tax requirements. Simplifying the tax code, while a goal of some policymakers, is not an objective of compliance itself; rather, it relates to the structure of tax laws and policies. Thus, the objective of tax compliance centers on accurate and timely reporting of tax obligations, making the correct choice clear.