U.S. Department of the Treasury, IRS Announce New ...
Jun 17, 2024 · WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) announced a new regulatory initiative to close a major tax loophole exploited by large, complex partnerships.
IRS to raise $50 billion over 10 years by closing loophole ...
The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes.
Top 1 Percent Evade $163 Billion a Year in Taxes ...
Sep 8, 2021 · WASHINGTON — The wealthiest 1 percent of Americans are the nation’s most egregious tax evaders, failing to pay as much as $163 billion in owed taxes per year, according to a Treasury...
The IRS got $80B to help people and chase tax avoiders. - NPR
Jan 30, 2024 · Commissioner Danny Werfel says the IRS has created a "high-risk list" of 1,600 millionaires and billionaires who owe back taxes. Early last year, Danny Werfel had recently gotten a new job and...
Debt default may hit later in summer as more tax revenue comes in
Apr 28, 2023 · House Speaker Kevin McCarthy and President Joe Biden likely have a little more time to work out a deal to avoid a catastrophic debt default, thanks to procrastinating taxpayers.
IRS collected more than $520 million in back taxes from …
Jan 12, 2024 · IRS has collected more than $520M in back taxes from delinquent millionaires so far. The agency credited the passage of the Inflation Reduction Act for its stepped-up ability to pursue...
Modern-Day Pillory: Naming, Shaming, And Third-Party Access To ... - Forbes
Apr 17, 2023 · From the perspective of several tax authorities around the world, the answer is no. Their common argument is that taxpaying is a public activity, and debtors and defaulters who shirk their public...
Current list of deliberate tax defaulters - GOV.UK
Sep 25, 2024 · Each entry on this list is specific to the default dates to which it refers. The address is the one associated with the published person at the time of the default. For example: the published...
A Buyout Fund C.E.O. Got in Tax Evasion Trouble. Here's ...
March 12, 2021. Last fall, Robert F. Smith, the billionaire founder of Vista Equity Partners, a private equity firm, paid $139 million to federal authorities to settle one of the biggest tax...
tax non-compliance, with implications for tax enforcement and for the effective progressivity of the US tax system. To optimize tax enforcement, it is important to know where in the income distribution missing revenues can be recovered and their sources. For a complete understanding