It was really only a matter of time until the IRS got their very own SWAT teams, wasn’t it? Next thing you know someone will come up with this crazy notion that citizens ought to be imprisoned for their debts…
Nah, that’s far too outrageous of a thought…it would never happen…
Sourced From RT – Published: 22 March, 2012 -
The US Internal Revenue Service is calling on the big guns to help clampdown on companies shifting earnings from country to country to lower the amount of taxes that are owed to the US government.
The group which is being dubbed an IRS “Swat Team,” is attempting to thwart the technique known as “transfer pricing.”
The issue has been on the agency’s radar since last May when Samuel Maruca took the role of the transfer pricing director.
The position which didn’t exist before the arrival of Maruca, has been a demanding gig. The goal is to put an end to the thriving practice of companies evading global tax responsibilities.
According to Reuters, the major players include worldwide corporations that are continuously exchanging properties, services and resources from one subsidiary to another in different countries.
Full Story Here on RT
So far as I’m concerned, Johnny Paycheck sums it up best -