TaxCorporate TaxObama proposes to double tax enforcement budget

Obama proposes to double tax enforcement budget

US president wants $2.1bn for enforcement within five years

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.

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