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24/7 wallst.com
October 21, 2010

How Google Pays Next To Nothing In Taxes

In the end, if big companies pay less taxes than smaller enterprises and individuals will pay more as the IRS decides to target the low-hanging fruit for audits. Indeed, researchers at Syracuse University’s Transactional Records Access Clearinghouse found a sharp decline in audits of millionaires from fiscal year 2007 to fiscal year 2008 despite IRS claims to the contrary. The IRS has also been criticized for years for more frequently auditing the poor than the rich.

Transactional Records Access Clearinghouse, Syracuse University
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