Tax gaps : reduction strategies, compliance efforts and legislative proposals / Rondell Meinke, editor.

Format:

Book

Contributor:

Meinke, Rondell, editor.

Series:

Economic issues, problems and perspectives series.

American political, economic, and security issues.

Economic Issues, Problems and Perspectives

American political, economic, and security issues

Language:

English

Subjects (All):

Tax evasion--United States.

Tax evasion.

Budget deficits--United States.

Budget deficits.

United States.

Physical Description:

1 online resource (156 pages) : illustrations.

Place of Publication:

New York : Nova Publishers, [2013]

Summary:

Recent and projected large federal budget deficits have generated congressional and executive branch interest in increasing revenue by reducing the tax gap. Specific methods for lowering the tax gap may also be used as revenue offsets under the Pay-As-You-Go Act (PAYGO). Other motivations for reducing tax gaps include adverse effects on (1)public trust in the fairness of the tax system, which may adversely affect voluntary compliance with tax laws, and (2) economic efficiency, by providing an incentive for inputs of labor and capital to shift to those sectors of the economy with greater opportunities to evade taxes. This book defines tax gap concepts, explains the methodology used to estimate the tax gap, discusses the relationship between the tax gap and enforcement, explains the Internal Revenue Service's (IRS's) strategic priorities, examines the IRS return prepayer initiative, and describes proposed legislation in the 112th Congress.

Notes:

Reprint of testimony before Congress and of articles published by the Congressional Research Service, the United States Treasury and the United States Government Accountability Office.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-62417-453-1