Posted on 12/12/2009 9:50:19 AM PST by tired1
WASHINGTON (Reuters) - A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees.....
President Barack Obama has proposed tightening tax rules for U.S. multinationals, including one in which companies delay paying taxes on income earned offshore, a legal practice known as deferral that officials say is abused....
"With any new thing, you never want to be the guinea pig," Mary Lou Fahey, general counsel for the Tax Executive Institute, comprised of business executives, said.
(Excerpt) Read more at reuters.com ...
Uh....if they’re following the law, then they’re not cheats. But there are plenty of people who don’t think the tax laws apply to them. Nick Cage and Wesley Snipes come to mind. And, since I’m in a 33% bracket, I fork over plenty of my income—even using “loopholes”. If I have to do it, then people in like circumstances shouldn’t get away with no doing it.
Why don’t they start with our government. There’s a wealth of cheats there. They would hardly have to leave Washington DC. Then they go to some big corporations; and George Soros. Of course there is Chicago.
I just wonder how diligently the loop holes are going to be sought after when we are taxed for CO2 and everyone wants to breathe and survive?
Perhaps government employees and representatives will have a tax credit as part of their employment package.
If they mean people when they say “multinationals” in the US, then I’m all for it.
Tax collection is not the problem.....government spending is....and the growing lack of respect for the taxation policies of a socialist government.
The IRS is under the criminal thug Obama now. Expect to see thousands of conservative and Christian organizations audited. Hillary was doing just this, until she was caught.
I guess those the government doesn't own yet.
Tax collection is not the problem
It’s all covered in the “Do as I say, not as I do” clause.
Do you think the IRS will be hiring unemployed White males for these jobs? What a laugh. They will be hiring anyone BUT to go after the money that White males earned during their lifetimes, and “redistribute” it to the democrats voters.
AND HEROD SENT FORTH THE TAX COLLECTORS; To rape the great domain of its very breath.
Why are there any 'loopholes' to begin with?
Taking my statement out of context does not move the argument forward.... Out of control Spending causes loss of respect for taxation.....always has and always will.
Render unto Caesar, that which is Caesars.....
All new created job's by Bozo's criminals goes to the affirmative action bonus points creeps, thugs and a host of community organizers.
Many with 6 figure incomes for doing nothing but producing carbon dioxide.
The trouble ain't that there is too many fools, but that the lightning ain't distributed right.
-------Mark Twain
ML/NJ
So increase the fascist state to hunt down more dollars instead of creating new wealth.
Heil Obama!!
“A new Internal Revenue Service unit set up to catch rich tax cheats.”
Try DC.
"He has erected a multitude of new offices, and sent hither swarmsML/NJ
of officers to harass our people, and eat out their substance."
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