Bridging the Tax Gap

Bridging the Tax Gap
Author: Max Sawicky
Publisher:
Total Pages: 160
Release: 2005
Genre: Business & Economics
ISBN:

Offering thorough understanding of the crisis facing federal tax administration and suggesting practical approach to solving issues that have arisen.

Closing the Tax Gap and the Impact on Small Business

Closing the Tax Gap and the Impact on Small Business
Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Total Pages: 98
Release: 2018-02-09
Genre:
ISBN: 9781985207899

Closing the tax gap and the impact on small business : hearing before the Committee on Small Business, House of Representatives, One Hundred Ninth Congress, first session, Washington, DC, April 27, 2005.

The Crisis in Tax Administration

The Crisis in Tax Administration
Author: Henry Aaron
Publisher: Rowman & Littlefield
Total Pages: 420
Release: 2004-05-20
Genre: Political Science
ISBN: 9780815796565

People pay taxes for two reasons. On the positive side, most people recognize, even if grudgingly, that payment of tax is a duty of citizenship. On the negative side, they know that the law requires payment, that evasion is a crime, and that willful failure to pay taxes is punishable by fines or imprisonment. The practical questions for tax administration are how to strengthen each of these motives to comply with the law. How much should be spent on enforcement and how should enforcement be organized to promote these objectives and achieve the best results per dollar spent? Over the last few years, the U.S. Congress has restricted spending on tax administration, forcing the Internal Revenue Service to curtail enforcement activities, at the same time, that the number of individual filers has increased, tax rules have become more complex, and more business have become multinational operations. But if too many cases of tax evasion go undetected and unpunished, those who may have grudgingly paid their taxes may soon find it easier to join the scofflaws. These events in combination have created a genuine crisis in tax administration. The chapters in this volume evaluate the capacity of authorities to enforce the tax laws in a modern, global economy and examine the implications of failing to do so. Specific aspects of tax law, including tax shelters, issues relating to small businesses, tax software, role of tax preparers, and the objectives of tax simplification are examined in detail. The volume also builds a conceptual basis for future scholarship, with regard not only to tax administration, but also to such fundamental questions as whether taxpayers respond mostly to economic incentives or are influenced by their experiences with the filing process and what is the proper framework for evaluating the allocation of resources within the IRS.

An Overview of the 'Tax Gap'

An Overview of the 'Tax Gap'
Author: Dave Rifkin
Publisher:
Total Pages: 44
Release: 2008
Genre:
ISBN:

When taxpayers underreport their income, understate their income, or fail to file their tax returns the government must spend money to audit taxpayers, to assess the tax, to collect the tax, and to borrow money to cover the lost revenue. The amount of such noncompliance with the tax laws is called the quot;Tax Gapquot; and currently it is estimated to be $345 billion annually.This article describes the scope, the causes of, and the tools available to Congress and the IRS to close the Tax Gap. In particular, I examine the role enforcement and other methods play in closing the Tax Gap. Given the complexities involved, there is no single method that, by itself, will significantly reduce the Tax Gap. Instead, several methods - discussed herein - will need to be employed simultaneously to close the Tax Gap.