Last week, the General Accounting Office, the investigative arm of Congress, reported that on average more than 60% of U.S. corporations - and more than 35% of large corporations - paid no federal corporate income tax in 1996 to 2000. Much of that avoidance is legal.... But some of it is due to improper tax shelters and other dodges, investigators believe.Enron, Halliburton, WorldCom...
The Internal Revenue Service audited fewer corporations, small businesses and partnerships last year but more individual taxpayers, according to a study of government data.Enron, Halliburton, WorldCom...
The IRS enforcement budget has declined in recent years, squeezing the agency's efforts.Enron, Halliburton, WorldCom...
"You've got hard choices to make, and corporations were not the top priority in making those hard choices" for the IRS, said [researcher] Susan Long....
The study adds to recent evidence that many corporate taxpayers are benefiting from the lax federal tax environment.
You are now proportionately three times more likely to get audited than a business or corporation.
Enron, Halliburton, WorldCom...
Enron, Halliburton, WorldCom, Tyco, Adelphia, Livent, ImClone, Corel, Vivendi, Qwest, Credit Suisse First Boston...
Posts
No comments:
Post a Comment