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"Tax evasion will cost the U.S. government $305 billion in 2010 and has cost $3 trillion over the past decade. It is a major contributor to budget deficits and the accumulation of national debt since 2001. Tax evasion also costs state treasuries billions of dollars. Every tax filer will pay an extra $2,200 in 2010 to make up for the funds lost to tax cheating. Even modest success in reducing tax evasion would free up significant new resources for spending or deficit reduction. Yet last week's budget deal nixed a proposal by the Obama Administration to strengthen the IRS' enforcement capacity. "
N' just like in the UK who had to write off £25,000,000,000 just before the 2012 New Year, Conservatives want to cut the ability of those departments to catch fraudsters.
Even though every dollar/pound spent on catching those breaking the law gets a return of at least 3 fold!!
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