Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Dominic Rushe of the Guardian outlines the financial and geopolitical implications of the Pandora Papers.
The Taliban has taxed everything from government projects to international trade.
Taxes got extra complicated in 2020, and the IRS has a backlog of 30 million returns that need a manual review.
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
Many pass their income through partnerships and corporations. Others park money offshore.