Tag #Tax Compliance

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nbcnews.com

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Dec 7, 07:07

IRS struggles to collect taxes from wealthy non-filers

The IRS is struggling to collect taxes from tens of thousands of wealthy Americans who avoid filing returns, exploiting a loophole where non-filing is a misdemeanor, not a felony; a recent initiative has collected $292 million in additional taxes, but millions more remain uncollected.

IRS struggles to collect taxes from wealthy non-filers

The IRS is struggling to collect taxes from tens of thousands of wealthy Americans who avoid filing returns, exploiting a loophole where non-filing is a misdemeanor, not a felony; a recent initiative has collected $292 million in additional taxes, but millions more remain uncollected.

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What are the immediate consequences of the IRS's limited enforcement of tax compliance among wealthy non-filers?

Tens of thousands of wealthy Americans are evading taxes by not filing returns, a misdemeanor with minimal IRS enforcement. The IRS's recent initiative to contact high-income non-filers has yielded $292 million in additional tax revenue from 26,000 filers, but many remain non-compliant. This highlights a loophole in the law where non-filing is a misdemeanor, while filing false returns is a felony, creating an incentive for wealthy individuals to avoid prosecution.

kathimerini.gr

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Nov 18, 01:22

UK's Tax Collection Success: A Model for Others?

An interview with a senior official from the UK's tax authority, HMRC, details the strategies behind their high tax collection rate, which includes both enforcement and public education initiatives.

UK's Tax Collection Success: A Model for Others?

An interview with a senior official from the UK's tax authority, HMRC, details the strategies behind their high tax collection rate, which includes both enforcement and public education initiatives.

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What are the key strategies employed by the UK to ensure effective tax collection?

The UK tax authority, HMRC, collects over 95% of taxes, employing a multi-pronged approach combining robust enforcement with clear communication and digital services to enhance taxpayer compliance.

Showing 37 to 38 of 38 results