I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion
www.nytimes.com
The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.

I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.

  • @fubo@lemmy.worldEnglish
    41•1 year ago

    They stopped going after the very rich because their budget was cut to the bone and they couldn’t afford to fight a protracted lawsuit and possibly lose.

    They stopped going after the very rich because they were tactically underfunded by a corrupt administration that explicitly wanted them to stop going after the very rich. That administration then got voted out of office, so the rules are different now.

    • CethinEnglish
      13•1 year ago

      You’re correct, but it didn’t happen under Trump. It was under Reagan I believe. It’s never been fixed.