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As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks

By Michael Hudson

U.S. and its banks called "biggest tax haven" in world

Excerpts from this story referencing "Mexico":

"… f U.S. tax haven practices.The American government provides little help to Mexico and other poorer countries whose citizens have squirreled money in the Uni …"

"… ugh, have been raising questions about U.S. banking secrecy.In early 2009, Mexico’s Secretary of Finance Agustin Carstens wrote U.S. Treasury Secretary Ti …"

"… ata about Mexican citizens’ U.S. accounts. Because the United States and Mexico don’t exchange information, Carstens wrote, both individual tax evaders …"

"… .S. Treasury officials didn’t respond to questions from iWatchNews about Mexico’s request.The political distrust of efforts to reduce U.S. bank secrecy …"

IRS isn't catching fraudulent and excessive home energy credits

By Laurel Adams

IRS can't verify $6.8 billion in energy tax credits claimed by home owners

GAO says at least 3,700 stimulus recipients are delinquent on taxes

By Laurel Adams

Stimulus recipients who got $24 billion owe $750 million in taxes
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Bankers, consumer groups clash over IRS plan to crack down on foreign tax cheats

By Michael Hudson

US banks say they shouldn't have to report foreign deposits

IRS not paying attention to 527 groups’ disclosures

By Aaron Mehta

The Internal Revenue Service isn’t doing enough to police incomplete disclosures filed by so-called 527 political groups, which means the go

IRS could save millions through e-filing

By Laurel Adams

Electronic filing of tax returns could save the Internal Revenue Service millions of dollars. The IRS currently spends $3.29 to process each
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Improper EITC payments top $11 billion

By Laurel Adams

A quarter of earned income tax credit payments are improper, amounting to $11 billion to $13 billion in 2009, the Internal Revenue Service r

Tax credits for alternative-fuel vehicles went to prisoners, IRS employees

By Laurel Adams

The IRS allowed $33 million in erroneous tax credits for alternative-fuel motor vehicles last year. A review by the Treasury inspector gene

IRS not strict enough on fraudulent tax refunds to nonresident aliens

By Laurel Adams

The Internal Revenue Services needs to strengthen its review of tax refunds to nonresident aliens before they are sent out of the country, a

Stimulus tax credit may increase penalties

By Laurel Adams

The “Making Work Pay” tax credit, which increased take—home pay for workers, may result in 13.4 million people actually owing the government

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