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Shrinking the Tax Gap


Shrinking the Tax Gap: Approaches and Revenue Potential | NBER

the IRS could aspire to shrink the tax gap by around 15 percent in the next decade—generating over $1 trillion in additional revenue by ...

Shrinking the Tax Gap: A Comprehensive Approach | Tax Notes

In this article, the authors detail steps a new administration can take to attack the tax gap, including useful steps that can be taken in the near term ...

NBER WORKING PAPER SERIES SHRINKING THE TAX GAP

Shrinking the Tax Gap: Approaches and Revenue Potential. Natasha Sarin and Lawrence H. Summers. NBER Working Paper No. 26475. November 2019. JEL No. H0,H2,H26.

Shrinking the Tax Gap: Approaches and Revenue Potential

Extrapolating from the CBO and Treasury data suggest that $1 of investment in the IRS leads to $11 of additional revenue, which suggest that a ...

Shrinking the Tax Gap: Approaches and Revenue Potential

Abstract. Between 2020 and 2029, the IRS will fail to collect nearly $7.5 trillion of taxes it is due. It is not possible to calculate with precision how much ...

Simplifying the Tax Code and Reducing the Tax Gap - Tax Foundation

Reducing the tax gap is, on the margin, a good way to raise revenue, but is not without costs. Policymakers should consider compliance costs for ...

IRS Estimates a $625 Billion Tax Gap-2023-10-24

Shrinking the tax gap is one of the most efficient ways of raising revenue, and it does so without raising anyone's owed taxes. It also has a ...

Rebuilding IRS Would Reduce Tax Gap, Help Replenish Depleted ...

Rebuilding IRS Would Reduce Tax Gap, Help Replenish Depleted Revenue Base ... Several factors have coalesced to create an urgent need to launch a ...

IRS updates tax gap projections for 2020, 2021

The tax year 2020 and 2021 tax gap projections translate to about 85% of taxes paid voluntarily and on time, which is in line with recent levels ...

Large and Growing Tax Gap Underscores the Need to Adequately ...

The new IRS funding will start to close the tax gap, thus generating revenue not by raising taxes but by enforcing tax laws already on the books ...

SHRINKING THE TAX GAP

6 Based on the estimated gap of $570 billion, the wealthy and corporations are evading roughly $400 billion a year in taxes. Rich tax cheats are ...

IRS looks to shrink $688B 'tax gap' through increased enforcement ...

The IRS announced Thursday that the “tax gap” between what taxpayers owe, and what they voluntarily pay the federal government is now ...

Shrinking the Tax Gap Requires a Renewed IRS Workforce

The Biden administration's proposal seeks to reduce the amount of tax revenue that is owed but not paid every year, known as the tax gap. One ...

Minding the Gap: Recommendations for Assessing, Addressing, and ...

Legislative and advisory goals could steer the IRS to increasing the comprehensiveness and quality of its tax gap estimates, and set targets to ...

“How to Shrink the Tax Gap while Protecting Taxpayers”

IRS reports spending about $419 million developing and operating RRP. For fiscal year 2019, IRS requested $106 million. 7. Shrink the Tax Gap.

Understanding the Full Potential of the Inflation Reduction Act's ...

The Inflation Reduction Act provided $80 billion in additional funding to the IRS, much of which is dedicated to closing the tax gap by specifically enforcing ...

A Closer Look: Impacting the Tax Gap - IRS

5 Shrinking the Tax Gap: Approaches and Revenue Potential,” Natasha Sarin and Lawrence H. Summers, Tax Notes,. November 18, 2019 (“Over the ...

SHRINKING THE TAX GAP: BETTER IRS POLICING OF THE ...

The wealthiest 1% are responsible for some 70% of the nation's estimated $570 billion “tax gap”—the difference between taxes owed and taxes paid ...

Republican and Democratic Presidents Support Reducing the Tax ...

... to raise revenue would be to close some portion of the “tax gap," or the difference between the total amount of taxes owed to the feder.

Investing in the IRS to Close the Tax Gap - Joint Economic Committee

... Tax-Compliance-Agenda.pdf; Natasha. Sarin and Larry Summers, “Shrinking the Tax Gap: Approaches and Revenue Potential,” National Bureau of.