Mixed Messages:IRS Commissioner Shulman vs. U.S. Ambassador
to Canada Jacobson
The principle message made by the Commissioner was and is that the IRS is tracking down U.S. individual taxpayers with foreign assets. The Commissioner’s message is not nuanced to distinguish between the“ordinary” taxpayer residing overseas with foreign assets and those who take steps to hide assets and evade taxes. Specifically, the Commissioner made the following
The IRS Commissioner just announced, on June 3rd, a set of common sense statements about “U.S. citizens” who want to comply with their tax obligations. Commissioner John Koskinen said the IRS will likely modify “in the very near future” (according to an article written by Jaime Arora and William Hoffman of TaxAnalysts) its offshore voluntary disclosure program for U.S. citizens residing overseas.
The full remarks are set out in the paper presented at the OECD international tax conference:
Now, while the 2012 OVDP and its predecessors have operated successfully, we are currently considering making further program modifications to accomplish even more. We are considering whether our voluntary programs have been too focused on those…
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