America’s richest have found some clever ways to hide their wealth from the IRS

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: More than 20% of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.

?Source: Yahoo.Finance.com

Date: Mar 23, 2021

Link: https://finance.yahoo.com/news/america-richest-found-clever-ways-093851786.html

Questions for discussion:

  • What does report suggest about taxation and collection fairness?
  • How do you think this information affects those who are unable to hide income?
  • What would you suggest be done to deal with the matter?
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