February 13, 2009 - Phil Hodgen

TIGTA and the international tax gap

I am completely convinced that the phrase “international tax gap” is a marketing device coined by certain members of the Fedborg with specific intentions in mind.

But I digress.

The Treasury Inspector General for Tax Administration is an arm of the Treasury Department that investigates stuff and writes about it. Yesterday TIGTA released a report on the international tax gap. No surprise here. A regulatory and enforcement unit of the U.S. government suggests more legislation and enforcement.

For those of you doing international business transactions, here are the takeaways:

  • It’s going to get worse. Meaning you’re going to spend more money on people like me.
  • Continue to ask your international tax planner to focus on the cost/benefit equation. (“What am I spending? What am I saving?”)
Foreign Business Activities in the USA US Real Estate Investments