Tax Policy Center

tax fraud

: Daily Deduction
The US has launched an inquiry into Panama Paper-related tax schemes. The US attorney for the Southern District of New York, Preet Bharara, wants to speak with an employee of the International Consortium of Investigative Journalists about the law firm data leak behind the Panama Papers. Alexander
April 21, 2016Renu Zaretsky
: Daily Deduction
On the Hill. Today the Senate Finance Committee will consider a bill to prevent identity theft and tax refund fraud, and the House Ways & Means Committee will mark up trade legislation . Yesterday the Senate voted to reauthorize the Federal Aviation Administration, and included the passenger
April 20, 2016Renu Zaretsky
Individual Taxes: TaxVox
Back in the day—say 2011--tax fraud was pretty straightforward. Taxpayers deliberately understated income or overstated deductions to cheat the system for their own benefit. Not anymore. Now, a growing share of such fraud is about crooks using the identities of innocent taxpayers to steal money. If
May 14, 2015Howard Gleckman
: TaxVox
Is the EU about to grab the Holy Grail? The European Union plans to launch a formal investigation into Apple’s tax arrangements in Ireland—described by Senator Carl Levin (D-MI) as “ the Holy Grail of tax avoidance ,” Reuters reports . The US Senate determined that Apple had cut billions from its
June 11, 2014Renu Zaretsky
Individual Taxes: TaxVox
My blog last Tuesday on overblown concerns about people falsely claiming subsides under the Affordable Care Act’s insurance exchanges generated a lot of response. Much focused on my assertion that the income tax system operates remarkably well as a largely voluntary program. Their retort: I naively
July 18, 2013Howard Gleckman
Individual Taxes: TaxVox
The Treasury may be losing as much as $5 billion a year from fraudulent tax refund claims—and most of that fraud is entirely preventable. The New York Times reported yesterday about the rampant use of identity theft to exploit weaknesses in the IRS’s tax refund processes, sometimes resulting in
May 29, 2012Leonard E. Burman