US president Barack Obama is proposing to nearly double the funds available
for tax enforcement, taking the total budget to $2.1bn within five years.
The budget plan also calls for $12.1bn for the Internal Revenue Service for
fiscal 2010, which begins on 1 October.
It includes $890m to boost tax enforcement both domestically and for
overseas investigations, which is $400m more bigger than the 2009 budget.
Earlier in the week, Obama offended a number of tax havens when he announced
a series of measures to overhaul corporate tax rule and close loopholes in order
to raise $210bn over 10 years.
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham