TaxVox: Tax administration (business)

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The voices of Tax Policy Center's researchers and staff

Business Taxes

Too Many IRS Audits of Big Businesses Result In No Change In Tax Liability

April 19, 2021 –
Change can be good, right? Maybe or maybe not. But if you are the Internal Revenue Service, “no change” audits never are good. And, for...
Business Taxes

If Congress Wants the IRS To Collect More Tax from The Rich, It Needs to Pass Better Laws

April 5, 2021 –
Last week, a group of prominent academic and government economists published a study that estimated the top 1 percent of Americans hide more than 20...
Business Taxes

The Supreme Court Is Hearing A Case That Could Block the IRS From Halting Abusive Tax Shelters

November 30, 2020 –
Tomorrow, the US Supreme Court will hear oral arguments in CIC Services v. IRS, a case that threatens to damage the integrity of the tax...

How Much More Money Could The IRS Collect If Congress Gave Them More Money?

September 28, 2020 –
Would increasing the Internal Revenue Service’s funding for audits increase tax collections by more than the cost? Yes, if the funds are spent wisely.
Business Taxes

Tax 101: Expenses Reimbursed With COVID-19 Aid Should Not Be Deductible

May 8, 2020 –
Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars the businesses are getting through the Coronavirus Aid, Relief,...
IRS_audit

The IRS Data Book Tells A Story of Shrinking Staff, Fewer Audits, and Less Customer Service.

June 7, 2019 –
The IRS published its annual trove of tax statistics Internal Revenue Service Data Book, 2018 on May 20. On its face, the volume is a...
199A
Business Taxes

Treasury’s New Pass-Through Rules Double Down On The Deduction’s Regressivity

August 14, 2018 –
The Tax Cuts and Jobs Act (TCJA) contains a special 20-percent individual income tax deduction for owners of pass-through businesses that was always going to...
Obama anti-inversion rules
Business Taxes

Obama’s Anti-Abuse Rules Slashed Inversions

July 13, 2018 –
This week, the Treasury Department finalized the last set of Obama-era regulations intended to curb tax-motivated corporate inversions. An inversion arises when a U.S. corporation...
Campaigns, Proposals, and Reforms

Would Bill Gates’s proposed robot tax help workers?

March 14, 2017 –
Automation may soon affect even industries and jobs we thought were immune, so what should countries do to prepare for those left jobless and behind?...
Federal Budget and Economy

Tax Reform Is Possible, But It Won’t be Easy

November 4, 2015 –
At a Tax Policy Center conference on tax reform yesterday, Jason Furman, the chair of the President’s Council of Economic Advisors, said that a major...