UPDATE 1-U.S. IRS forms 'SWAT team' for tax dodger crackdown

Reuters ^ | Tue Mar 20, 2012 5:57pm EDT | Patrick Temple-West

[Las Vegas Ron]

WASHINGTON, March 20 (Reuters) - The U.S. Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a strategy the agency has targeted before with only limited success.

The IRS showed its elevated concern on the issue, known as "transfer pricing," last May by hiring Samuel Maruca to fill the newly created post of transfer pricing director.

[Las Vegas Ron]

Transfer pricing is a booming field of global tax law. It involves multinational corporations that are constantly moving goods, services and assets from one subsidiary to another in different countries and how they account for these "transfers."

Yeah, that NWO stuff should work out just fine.....

[BenLurkin]

Rush, Sean, Beck, Hannity.......

[Las Vegas Ron]

...you, me....

[bunkerhill7]

IRS is illegal in China.

[USNBandit]

I doubt this will do anything to stop First Solar from getting a tax credit to sell panels to its Canadian subsidiary.

[know-the-law]

IRS is illegal here...

[Hostage]

Get rid of the income tax :
http://www.fairtax.org/site/PageServer?pagename=about_faq

[Jack Hydrazine]

That’s interesting because Apple has $64 billion of cash off shore but they’d like to bring it back but the taxes are too much. Will Apple be raided soon?

[max americana]

LOL I know a country in SE Asia where the IRS will get a headache trying to look for stuff.

[Jack Hydrazine]

Pretty soon the IRS SWAT team will be swatting John Q. Public and Joe Sixpack that are behind on their extortion bill to the IRS! Just watch!

[factoryrat]

Cat and mouse games. Catch me if you can. Bait and switch.

Seriously, is this what we have come down to? The IRS has evolved into a gestapo like organization? With unlimited power and reach?

I guess it goes back to the golden rule of kingdoms past:

“Those who have the guns, will take away the the gold from those who don’t have the guns”.

[RetiredTexasVet]

Maybe they can get those Dept. of Education Swat Team members to come over and train the IRS swat team. Lesson 1: Finding the right house to kick the door down.

[itsahoot]

“Those who have the guns, will take away the the gold from those who don’t have the guns”.

Since you brought that up.

IRS buying shotguns.