Wednesday, October 28, 2009

The Tax Man Cometh to the Ultra Wealthy

IRS Commissioner Doug Shulman told the American Institute of Certified Public Accountants Monday that the agency has set up a unit specifically to deal with rich Americans who are hiding assets.

  Raw Story

Well, it’s about time.

"We will take a unified look at the entire web of business entities controlled by a high-wealth individual," Shulman said. "At least initially, we will be looking at individuals with tens of millions of dollars of assets or income."

Now let’s do something about corporate tax evasion.


....but hey, do what you want....you will anyway.


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