Monday, January 9, 2012

U.S. Internal Revenue Service Revives Offshore Tax Dodger Forgiveness Program

U.S. Internal Revenue Service Revives Offshore Tax Dodger Forgiveness Program

Jan 9 (Reuters) - The U.S. Internal Revenue Service on Monday said it was reopening an offshore voluntary disclosure program for U.S. taxpayers who have evaded taxes by hiding money in secret bank accounts.

Two previous IRS programs, which ran in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.

"This new program makes good sense for taxpayers still hiding assets overseas and for the nation's tax system," said IRS Commissioner Doug Shulman in a statement. (Reporting By Lynnley Browning. Editing by Kevin Drawbaugh and Steve Orlofsky)

For some reasons companies keep skipping out on their taxes. I wonder if there's other crimes the US government will say don't bother.

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