IRS Unit Aims at Deep Pockets
An Internal Revenue Service unit is being developed to catch wealthy tax cheats who find ways to hide their assets in different businesses and accounts. The new unit reportedly has hired hundreds of employees to combat international tax evasion.
An Internal Revenue Service unit is being developed to catch wealthy tax cheats who find ways to hide their assets in different businesses and accounts. The new unit reportedly has hired hundreds of employees to combat international tax evasion. –JCL
AS CHAOS UNFOLDS, FIND SOLID GROUND…Reuters:
The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on “the entire web of business entities controlled by a high wealth individual,” IRS Commissioner Doug Shulman told a tax conference this week.
Another IRS official told Reuters “hundreds” of people have already been hired to staff the new unit, including some from within the agency.
“We have drawn top talent within the IRS that have expertise involving wealthy individuals as well as examination of their related entities,” said Mae Lew, an IRS special counsel.
In this time of unprecedented challenges, independent journalism is more vital than ever. At Truthdig, we expose what power wants hidden and give you the clarity to make sense of it all.
Your donation helps ensure that truth telling continues.
Rep. Jason Chaffetz, R-Utah, has introduced a bill aimed at controlling the use of a surveillance tool that is disguised as a cellphone tower in order to extract metadata.
To see the big picture behind the latest legal challenge to the Affordable Care Act, follow the money.To see the big picture behind the latest Supreme Court challenge to the Affordable Care Act, follow the money.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.