An $80 billion infusion has helped improve customer service, but the tax agency continues to face uncertainty over future funding.
Category: Tax Evasion
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India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
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Stew Leonard Sr. Dies at 93; Founded ‘Disneyland of Dairy Stores’
A former milkman, he combined attentive customer service, low prices, quality goods and gimmicks, like singing cows, into a retailing phenomenon.
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I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection
The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.
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Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep
The New York Times – Business:The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
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As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The New York Times – Business:The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
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Trump Tax Returns Undermine His Image as a Successful Entrepreneur
The New York Times – Business:The release of former President Donald J. Trump’s private tax documents by the House Ways and Means Committee shows heavy losses from his own ventures as he continued to cash in on inherited assets.
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Trump Tax Returns Released by House Democrats
The New York Times – Business:The publication of former President Donald J. Trump’s private tax documents comes amid questions about why the I.R.S. failed to fully audit him during his presidency.
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Trump’s Tax Audit Shows Depths of IRS Funding Woes
The New York Times – Business:The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.
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German Tax Schemer Hanno Berger Sentenced to Eight Years in Prison
The New York Times – Business:Hanno Berger, a former lawyer and tax adviser, was at the center of a scandal that cost Germany nearly $300 million.