Showing posts with label income tax avoidance. Show all posts
Showing posts with label income tax avoidance. Show all posts

Wednesday, January 31, 2024

The IRS got $80B to help people and chase tax avoiders. Here's how it's going : NPR

"So we, for example, created a high-risk list of 1,600 millionaires and billionaires who owe back taxes. And we've put in a laser-focused effort to collect that money. And the new resources under the Inflation Reduction Act help us to do that. And we're working our way through that list. In just several months, we've collected nearly $200 million in back taxes, and we're not even through the list yet. So that demonstrates to you how much money is out there that is owed to the IRS. People want to know that the IRS is doing its part so that everyone is paying what they owe regardless of their income level…"

Friday, May 12, 2023

Senate Investigation Shows How GOP Law Enabled Big Pharma's 'Extreme' Tax Avoidance

Published as part of an ongoing investigation into the pharmaceutical industry's tax practices, the report cites new data showing that "75% of all Big Pharma income is reported offshore for tax purposes" even though much of their revenue comes from patients in the U.S…



Saturday, November 6, 2021

How These Ultrawealthy Politicians Avoided Paying Taxes — ProPublica

IRS records reveal how Gov. Jim Justice, Gov. Jared Polis, former Education Secretary Betsy DeVos and other wealthy political figures slashed their taxes using strategies unavailable to most of their constituents...









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