The Senate Finance Committee Chair, Ron Wyden, has praised the Internal Revenue Service (IRS) for using Inflation Reduction Act funds to crack down on wealthy tax evaders and improve customer service for regular taxpayers. Wyden applauds the IRS for utilizing artificial intelligence, analytics, and its own experts to target 60 of the largest corporations for audits. He also commends the agency for tackling the tactics used by multinational companies to avoid paying their fair share of taxes. Wyden vows to defend these enforcement efforts against opposition from the far-right, and to protect against corporate malfeasance.
In a statement, Wyden emphasizes the positive outcomes of investing in the IRS, stating that it has resulted in better customer service and a strong plan to combat tax evasion by wealthy individuals and corporations. The IRS’s use of advanced technological tools, such as AI and analytics, demonstrates their commitment to identifying and holding accountable tax cheats. Additionally, the agency’s focus on large multinational corporations aims to address the issue of tax avoidance strategies employed by these companies. Wyden is determined to defend these enforcement measures against opposition, ensuring that corporate malfeasance is not protected.
Wyden is particularly encouraged by the IRS’s blueprint for audits and their efforts to crack down on tax games used by multinational corporations. He sees this as a step towards ensuring that these corporations pay their fair share of taxes and contribute to the overall tax revenue. However, he acknowledges the opposition from the far-right, who seek to roll back these plans. Despite the opposition, Wyden remains committed to defending these enforcement efforts and preventing corporate malfeasance.
