Oct 28 2014

IRS-Gate

(2 pm. – promoted by ek hornbeck)

No, not the one that has the Tea drinker’s panties in a bunch.

Another actual real scandal that will be largely ignored because somehow it’s not as sensational as bleeding from the eyes or that post the head sits atop of.

IRS Whistleblowers: Agency Executives Behind Multibillion-Dollar Corporate Tax Giveaways

By Nafeez Ahmed, Truthout

A 10-year veteran Internal Revenue Service (IRS) attorney has demanded a congressional audit of the IRS to investigate the agency’s alleged role in allowing US corporations to illegally avoid paying billions of dollars in taxes even as it cracks down on individuals and small businesses.

In a letter to Treasury secretary Jacob Lew, IRS commissioner John A. Koskinen and IRS chief counsel William Wilkins, Jane J. Kim, an attorney in the IRS Office of the Chief Counsel in New York, accused IRS executives of “deliberately” facilitating multibillion-dollar tax giveaways.

…

a former IRS attorney in the Office of the Chief Counsel for over 15 years, said on condition of anonymity – for fear of retaliation from the agency – that Kim’s allegations are not isolated, but represent a deep-rooted trend: “The problem is the IRS upper management don’t want a big case going forward. They are purposely not working big cases. Employees are quietly encouraged not to expedite them, and to settle or dismiss them. I’ve seen the IRS sit on straightforward billion dollar cases for years, and then decide not to pursue.”

…

So, just like the case of the Fed being super deferential to the banks they are supposed to be regulating. Move along people, nothing to see here.

2 comments

    • BobbyK on October 28, 2014 at 03:41
      Author
    • #

    I can think of a few.

    • TMC on October 28, 2014 at 21:23
    • #

    IRS Seizing Funds Without Even Bringing Charges

    DSWright, FDL News Desk

    Yet more unintended consequences from the so-called War on Drugs. According to The New York Times, the IRS has been seizing funds from small businesses and individuals without even presenting a criminal complaint using a draconian law passed to prevent drug money laundering. Under the law the IRS can seize funds that appear to be suspiciously transacted to avoid a $10,000 limit to be flagged and it is incumbent on the person whose funds were seized to prove they are innocent rather than for the government to prove they are guilty.

    Many of those who have had their funds taken are small businesses and low wage earners who give up fighting to get back their money despite doing nothing wrong. Those that are part of the process to seize the funds are allowed to keep portions of it, including law enforcement agencies that first identify the target of the seizure to the IRS. This perverse incentive structure means law enforcement can make up budget gaps by issuing more targets for seizure knowing those working class targets will likely not fight to get the money back.

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