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Crack Down On Tax Evasion |
"We'll create a list of countries where tax evaders hide their income and cost America untold billions of dollars every year. We'll lead the international community to new standards of information sharing. And we'll penalize companies and individuals who use those havens and illegally evade their tax obligations."
-- Washington
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DECEMBER 10, 2009
IRS Looks At Joint International Auditing
Commissioner Doug Shulman said an IRS study of possible joint audits with other countries is in the works. The agency is working with counterparts across the world to establish "protocols" for the audits, which would likely be administered through the Joint International Tax Shelter Information Center. |
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NOVEMBER 17, 2009
IRS Calls Tax Haven Amnesty A Success
The IRS announced that under an amnesty program in effect from March until October, more than 14,000 tax evaders had come forward to declare previously hidden foreign bank accounts. IRS Commissioner Doug Shulman credited the administration's vocal support, among other factors, for the program's success. |
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AUGUST 19, 2009
IRS Completes Agreement With Swiss Bank
The IRS announced a new information-sharing agreement with the Swiss bank UBS to track possible U.S. tax evaders. UBS will provide access to thousands of accounts, as per IRS requests sent through the Swiss government. The IRS has charged that as many as 4,450 UBS accounts are being used to dodge billions of dollars in U.S. taxes. "As this agreement demonstrates, the world of international taxes has dramatically changed," said IRS Commissioner Doug Shulman, "and people hiding assets and income offshore and from the IRS need to get right with the government now." |
