I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
I mean, they kind of already do that.
All the taxes I manage to evade (buying/selling a couple hundred dollars worth of stuff from Kijiji/marketplace) wouldn’t really affect me.
But scraping hedge funds and professional tax dodgers would put a ton of cash into public funds, so I’m all for it.
Kind of hate that slippery slope argument of yours “if they can take millions from greedy billionaires, imagine how many millions they’ll take from you!” is a shit argument that defends serious tax evasion.
First they came for the billionaires, and I did nothing, ‘cause fuck em’ that’s why.
Eat the rich
In Canada they definitely do - I was asked for verification on about half of my tax returns. One was a pretty big oops that I thought they might come down on me for.
In the US, I think they are much more random with what they audit.