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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]