Bridging the tax gap; addressing the crisis in federal tax administration.1932066233 Bridging the tax gap; addressing the crisis in federal tax administration. Ed. by Max B. Sawicky. Economic Policy Institute 2005 144 pages $16.95 Paperback HJ2351 The crisis in US federal tax administration alluded to by Sawicky (institute economist at the Economic Policy Institute) in the subtitle sub·ti·tle n. 1. A secondary, usually explanatory title, as of a literary work. 2. A printed translation of the dialogue of a foreign-language film shown at the bottom of the screen. tr.v. of this report is essentially one of noncompliance noncompliance failure of the owner to follow instructions, particularly in administering medication as prescribed; a cause of a less than expected response to treatment. noncompliance , which results in a large gap between the $350 billion in taxes not paid voluntarily and timely and the mere $50 billion that is eventually recovered by the Internal Revenue Service. Sawicky first reviews the overarching noncompliance issue including inadequate enforcement funding, increasing complexity in the tax code, misplaced mis·place tr.v. mis·placed, mis·plac·ing, mis·plac·es 1. a. To put into a wrong place: misplace punctuation in a sentence. b. focus on low-income taxpayers, and unsuccessful technology modernization. He then presents interviewers with two former IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. commissioners that explore problems in tax administration, followed by three papers that focus on such issue as illicit tax shelters, offshore tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. , and tax simplification to encourage compliance. ([c]20072005 Book News, Inc., Portland, OR) |
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