{"id":133162,"date":"2024-10-06t11:55:09","date_gmt":"2024-10-06t15:55:09","guid":{"rendered":"\/\/www.g005e.com\/?p=133162"},"modified":"2024-10-12t18:36:12","modified_gmt":"2024-10-12t22:36:12","slug":"is-the-irs-adequately-tracking-corporate-tax-evasion","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/10\/06\/is-the-irs-adequately-tracking-corporate-tax-evasion\/","title":{"rendered":"is the irs adequately tracking corporate tax evasion?"},"content":{"rendered":"

\"\"<\/p>\n

the inspector general smells something fishy.<\/strong><\/p>\n

by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n

believe it not, there are large american corporations that establish a pseudo-presence in other countries for the sole purpose of evading taxes.<\/p>\n

and that\u2019s not the only trick in the corporate books.<\/p>\n

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 <\/p>\n

granted, sometimes those tricks are legitimate tax tactics. the tax code has loopholes, and that\u2019s what they\u2019re for.<\/p>\n

needless to say, corporate tax strategy can get pretty complicated. there is an entire industry of lawyers, accountants and wealth management professionals dedicated to walking the fine line between evasion and due diligence in the interest of shareholders.
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\nand it\u2019s up to the large business and international (lb&i) division of the internal revenue service to examine those practices and figure out what\u2019s legal, what\u2019s not.<\/p>\n

that process gets complicated, too, and whistleblowers within the irs are expressing concerns about the agency\u2019s ability to affectively address large multinational corporations. it\u2019s been a quiet brouhaha but loud enough to catch the intention of the treasury inspector general of tax administration.<\/p>\n

the irs gets audited<\/strong><\/p>\n

tigta launched an audit. (yes, even the irs gets audited.) the issue wasn\u2019t whether certain corporations were evading taxes but whether the lb&i\u2019s processes, procedures and enforcement tools were up to the job and being appropriately applied.<\/p>\n

to evaluate the policies and procedures, tigta was given a list of 23 multinational corporations that were alleged to have used a foreign trust structure that had no alleged business purpose or economic\u00a0 substance other than than to dodge u.s. taxation.<\/p>\n

the auditors looked at not only foreign trust structures but a few other suspicious privileges that large corporations seem to have.<\/p>\n