As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.
by Jesse Eisinger and Paul Kiel On June 30, 2016, an auto-parts magnate received the kind of news anyone would dread: The...
As 800,000 federal workers remain furloughed or working without pay in the longest government shutdown in U.S. history, we look at how the Trump administration has restarted a division of the Internal Revenue Service to help corporate lenders.
“Today we announce the indictment of four individuals who allegedly defrauded the U.S. government through a large scale, intercontinental money laundering and wire fraud scheme, associated with Mossack Fonseca and its affiliates."
As a 501(c)(4) “social welfare” nonprofit, is not allowed to have politics as its primary purpose despite spending millions on politicking.
Audits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.
The USA is fundamentally flawed: it would do little to boost private savings, drain federal revenues, and overwhelmingly benefit the nation’s wealthiest households.
12Page 1 of 2