Geithner’s Inside Scoop on Tax Dodging
As I have said, $332 million would go to new IRS enforcement efforts, including $128.1 million to improve international tax compliance. The balance of these funds would be used to support three critical programs: 755 employees to increase examinations of tax returns for businesses and high-income individuals; 300 employees to expand the IRS document matching program, which compares tax returns to other forms such as W-2s and 1099s; and an additional 491 employees to improve collection operations and build two new IRS automated collection center sites. Treasury Secretary Timothy F. Geithner’s Opening Statement – As Prepared for Delivery
Senate Committee on Appropriations Subcommittee on Financial Services and General Government June 9, 2009
No word on whether his valuable insights, as well as many of his Democratic colleagues, on tax dodging will guide his efforts. Being a tax cheat himself must have really given him the heads-up on how these evil people are defying the IRS. Good thing this is the most ethical administration we’ve ever had.