According to recent data, the IRS division responsible for auditing billionaires has seen a significant reduction in its workforce, losing 38% of its employees since January.
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According to recent data, the IRS division responsible for auditing billionaires has seen a significant reduction in its workforce, losing 38% of its employees since January.
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© 2025 accountspayableaudit.co.uk. Created for free using WordPress and Kubio
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It’s concerning to hear that the IRS unit responsible for auditing billionaires has faced such a significant loss of personnel. This could potentially impact their ability to ensure tax compliance among the ultra-wealthy, which is critical for maintaining fairness in the tax system. With more resources and staffing, the IRS could more effectively address tax avoidance and ensure that everyone pays their fair share. It will be interesting to see how this staffing issue is addressed moving forward, especially given the increasing focus on wealth inequality and the need for robust tax enforcement.