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IRS report shows just how much tax evasion is costing the U.S.

Earlier this week, our blog discussed how the Internal Revenue Service has become persona non grata on Capitol Hill over the last several years due to everything from continued cyber security problems to investigative scandals. Indeed, we examined pending legislation that, if passed, would severely restrain the agency's powers.   

Federal lawmakers have the IRS in their sights

Perhaps more than any other federal agency, the Internal Revenue Service is routinely the target of both public scorn and congressional criticism. While this has been the reality for decades, this rancor has recently increased to a considerable degree thanks to multiple scandals, reoccurring cyber security lapses and a host of other events that have dominated the headlines over the last few years.    

What corporate tax maneuver is once again the target of Treasury regulations?

Chances are very good that in recent years you've logged onto the business section of a news-based website only to be greeted with a headline announcing yet another mega merger between two corporate giants, one located here in the U.S. and the other overseas.