Putting TRAC to Work |
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News Organizations |
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The Washington Post |
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April 7, 2016 |
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Cruz’s plan to ‘abolish the IRS’ would reward cheaters — and hurt honest taxpayers By Catherine Rampell |
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The amount of time revenue agents spent auditing the biggest corporations — those with at least $20 billion in assets — halved between 2010 and 2015, according to a new analysis from Syracuse University’s Transactional Records Access Clearinghouse; the recommended additional taxes resulting from audits of these mega-corporations dropped by close to three-quarters, resulting in billions in lost revenue. |
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Copyright 2016
