Report highlights ‘murky’ tax gap in the US

As much as $123bn (£86bn) of taxes is owed to the Internal Revenue Service
from cross-border transactions, however this figure is questionable, according
to a new report.

The treasury inspector general for tax administration said the IRS is yet to
develop an accurate system for measuring the size of the international tax gap,
according to

The report suggests the tax gap could range from $40bn to $123bn in taxes

It is believed the IRS has no plans to develop a more accurate system for
measuring the international tax gap, citing cost, staffing and technical

Further Reading:

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