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Testimony of Deputy Assistant Secretary for Tax Policy Mark J. Mazur
Chairman Thompson, Chairman Pascrell, Ranking Member Smith, Ranking Member Kelly, and Members of the Subcommittees: Thank you for inviting me to discuss tax compliance and the Administration’s tax compliance agenda. Improving tax compliance can help meet our Nation’s most important tax policy goals: building a tax system that raises adequate revenue in an equitable and efficient manner. The Internal Revenue Service (IRS) has endeavored to estimate the amount of non-compliance with the Federal tax system since at least the 1970s. The Taxpayer Compliance Measurement Program (TCMP) was the foundation for these early ... (full story)
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"This new information reporting regime will be comprehensive, and so the proposal envisions that it would cover payment services providers as well as #cryptocurrencies and #cryptoasset exchange accounts." https://t.co/tdRDip2CJX
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