Tag: ‘tax fraud’

The Scary New World of Tax Fraud

By :: May 14th, 2015

Back in the day—say 2011–tax fraud was pretty straightforward. Taxpayers deliberately understated income or overstated deductions to cheat the system for their own benefit. Not anymore. Now, a growing share of such fraud is about crooks using the identities of innocent taxpayers to steal money. If you have a home phone or an email account, these […]

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Apple, Phantoms, Roads, and Debt

By :: June 11th, 2014

Is the EU about to grab the Holy Grail? The European Union plans to launch a formal investigation into Apple’s tax arrangements in Ireland—described by Senator Carl Levin (D-MI) as “the Holy Grail of tax avoidance,” Reuters reports. The US Senate determined that Apple had cut billions from its US tax bill by giving affiliates […]

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Do Low-Income Taxpayers Cheat?

By :: July 18th, 2013

My blog last Tuesday on overblown concerns about people falsely claiming subsides under the Affordable Care Act’s insurance exchanges generated a lot of response. Much focused on my assertion that the income tax system operates remarkably well as a largely voluntary program. Their retort: I naively misjudged the willingness of low-income people to cheat. In […]

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Billions in Tax Refund Fraud--and How to Stop Most of it

By :: May 29th, 2012

The Treasury may be losing as much as $5 billion a year from fraudulent tax refund claims—and most of that fraud is entirely preventable. The New York Times reportedyesterday about the rampant use of identity theft to exploit weaknesses in the IRS’s tax refund processes, sometimes resulting in thousands of fraudulent refunds. The most common form […]

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