TV News LIES

Wednesday, Oct 16th

Last update05:20:13 AM GMT

You are here News Economy Report: US government losing billions in corporate tax revenue from IRS budget cuts

Report: US government losing billions in corporate tax revenue from IRS budget cuts

E-mail Print PDF
IRS losing billions from cutsThe federal government could have collected $34.3 billion more in taxes from the nation’s largest corporations by increasing IRS resources by less than half that amount, according to a new study.

That’s nearly 20% of the estimated gap between what corporations paid in taxes and what they owed from 2002 through 2014.

The report from the Indiana University Kelley School of Business is the first to quantify the amount of corporate tax revenue lost during the audit process for every dollar of IRS budget cuts, according to the school.

The number of federal tax examiners has declined by about one third since 2010.

More...


Most Recent Related Stories...


Wall Street tumbles as trade war threatens U.S. economy

Wall Street tumbles amid trade warWall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...

All Avenue stores closing, liquidation now underway

All Avenue stores closing Another women's retailer is closing all of its stores. Plus-size retailer the Avenue will close its 222...

Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

Goldman Sachs economists fear recessionGoldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!