U.S. Sen. Carl Levin, D-Mich., has been running a multiyear investigation into offshore tax havens, highlighting the methods some U.S. taxpayers use to avoid paying taxes. Now he wants the Internal Revenue Service to do more by requesting additional information from foreign governments.
Levin’s comments are based on a report by the Government Accountability Office released Friday. At Levin’s request, the office looked into the IRS’ interaction with foreign governments and found that, while the U.S. government has agreements in place to exchange tax information with 90 jurisdictions, IRS officials aren’t as thorough as they could be in monitoring how useful the sharing is.
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