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The Daily Beast
April 1, 2016

How $15 Billion in Corporate Taxes Disappeared, and Left All of Us Holding the Bag
By David Cay Johnston

Superficial audits. Some IRS workers, invoking the weak taste of low-calorie beer, call this policy “audit lite.” The number of hours spent auditing big companies has been halved since 2010, IRS data analyzed by the Transactional Records Access Clearinghouse at Syracuse University show. [Disclosure: I teach in the law and graduate business schools at Syracuse, but have no connection to TRAC.] At the same time that it has cut audits overall and weakened them at the top, Congress has maintained the 1994 agreement between President Bill Clinton and House Speaker Newt Gingrich to intensely audit the working poor. You’ll encounter Starve-the-IRS the next time you call the agency. The system may automatically disconnect you because there is no one available to answer. If you do get a person, your wait time will likely be more than 17 minutes.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2016
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