Posted on 04/07/2010 2:57:25 PM PDT by Free ThinkerNY
(CNSNews.com) - The Internal Revenue Service has launched a new global program to target what it calls “high wealth individuals,” IRS Commissioner Douglas Shulman said Monday.
“Through our new global high wealth operating unit we are taking a unified look at the entire web of business and economic entities controlled by high wealth individuals so we can better assess the risk such arrangements pose to tax compliance,” Shulman said at the National Press Club on Monday.
Shulman said the IRS is using “our robust and evolving enforcement program that ensures that everyone pays what they owe.”
The IRS initiated its Global High Wealth Industry group in the fall. Schulman told an October 26 meeting of the American Institute of Certified Public Accountants that it would be part of “the globalization of tax administration,” which he called a “game changing trend” in tax enforcement.
“This brings me to another important development--a game-changing trend--the globalization of tax administration,” said Shulman.
“While we are in the early stages of this work, this new unit will centralize and focus IRS compliance expertise involving high-wealth individuals and their related entities – which can often have an international component,” Shulman said. “Tax agencies around the world, including those in Japan, Germany, the UK, Canada and Australia, have also formed high wealth groups.
(Excerpt) Read more at cnsnews.com ...
Is this satire?
It’s kind of a joke...cuz they add new “tax loops” and the MASSIVE middle class will pay more for their goods...it will always be that way...
That Scott Ott is a funny man!
In other words:”They have too much money that we haven’t redistributed”
In other news... 47 percent of American families pay no income tax.
http://www.freerepublic.com/focus/f-news/2488528/posts
It’s gotta be satire. I swear!
Nearly half of US households escape fed income tax
Drudge has the link up under the headline Rob Thy Neighbor.
Does this include millionaire democrats in Congress?
Anyone here ever been hired or received a contract from a poor person?
Why do I think that George Soros will somehow be spared?
Who wants to bet more Republicans get “caught”? And maybe a few of the dems who don’t fall in line quick enough... And a Glenn Greenwald type or two... I hope not - but it’s getting weird out there...
Tax cheats chasing working people who actually pay their taxes.
DNC tax cheats, like those that run IRS and Congress,
are all exempted, of course.
In 2010 if all goes well and we take the house we must defund the IRS, EPA nad a slew of other agencies that work for the American people. A swear this is war, thier targeting the very people that they work for. They need to be cut off at the knees
is soros a citizen...i know is one of the major enemies we have as a country
They are doing this because productive citizens are fleeing america in droves.
Will George Soros be ‘targeted’?
High Wealth Defined: A possessor of enough money to be worth looting, but not enough to wield defensive influence that would prevent looting.
NO OF COURSE NOT!! Are you crazy?
One thing I remember from when the communists took over my birth country, the wealth that needed re-distribution was not their stolen wealth. I remember Ortega being the poorest, least edumacated peasant of them all. His message was all about fairness and giving power back to the country. Once he got into power, after robbing the coffers, several mansions and ranches, he was power crazy. He still lives in the house he stole from his brainless vice-president. I equate Dems to him.
Just more harassment that will cause more American companies and job-creating individuals (the wealthy investors) to simply move off shore and become foreign entities. The net result to the regime of President Soros....lost jobs, lost revenues, lost economic growth, lost....lost....lost....
Start with auditing public pensions and their affiliated unions...crawl up Andy Stern’s arse and see what you find, or Soros...(of course not).
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