Tax Gap : Administration Proposal to Require Information Reporting on Merchant Payment Card Reimbursements.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Budget--United States.

Budget.

United States.

Financial disclosure.

Tax evasion.

Physical Description:

1 online resource (13 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2008.

System Details:

text file

Summary:

Describes current law regarding information reporting on merchant payment card reimbursements to prevent tax evasion. Examines Bush Administration proposal contained in the FY2009 budget to require each payment card processor to make an annual information report to the IRS. Describes structure of payment card industry, analyzes justifications for Administration proposal, explains criticisms of the proposal, summarizes revenue offset in H.R. 6275 and H.R. 3221, and offers concluding observations.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Tax Gap

Access Restriction:

Restricted for use by site license.