U.S. and Canadian reports call for crackdown on offshore tax evasion

05/6/2013 | Forbes · JournalofAccountancy.com · Canada.com

A U.S. Government Accountability Office report notes recommendations for how the Internal Revenue Service should step up collection of taxes and penalties from an increasing number of taxpayers with foreign accounts. A report by the Canadian Commons finance committee recommends laws and regulations to crack down on taxpayers hiding cash in overseas tax havens.

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Forbes · JournalofAccountancy.com · Canada.com