In response to requests from Congress, the Government Accountability Office has released a new report outlining a trio of approaches that would reduce the tax gap.
While the report doesn’t break any new ground, the GAO says that the highlighted approaches -- simplifying or reforming the tax system, providing the Internal Revenue Service with additional enforcement tools and devoting additional resources to enforcement -- could all have a significant effect on reducing the gap. But the report, which is based on prior GAO work, also lays out the significant obstacles any approach would face before actual implementation.
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