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,
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
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group