Posted on 04/06/2010 2:37:39 AM PDT by Cindy
Note Video included at article link.
SNIPPET: "(CNSNews.com) - The Internal Revenue Service has launched a new global program to target what it calls high wealth individuals, IRS Commissioner Douglas Shulman said Monday.
Through our new global high wealth operating unit we are taking a unified look at the entire web of business and economic entities controlled by high wealth individuals so we can better assess the risk such arrangements pose to tax compliance, Shulman said at the National Press Club on Monday.
Shulman said the IRS is using our robust and evolving enforcement program that ensures that everyone pays what they owe.
The IRS initiated its Global High Wealth Industry group in the fall."
SNIPPET: "Over the past few months, we have begun hiring some agents and specialists, such as flow-through specialists and international examiners, to conduct examinations of high wealth individuals and their related enterprises, Shulman said.
In due course, we will grow the new unit by adding examination agents and individuals with specialized skills and expertise, such as economists to identify economic trends, appraisal experts to advise on valuation issues, and technical advisors to provide industry or specialized tax expertise, Shulman said. We will also build new risk assessment techniques to identify high income and high wealth individuals and their related enterprises that should be reviewed holistically."
(Excerpt) Read more at cnsnews.com ...
Anybody think they’ll start with George Soros?
America is now officially a Kleptocracy.
From Wiki:
Douglas H. Shulman is the Commissioner of Internal Revenue. His nomination was confirmed by the full U.S. Senate on March 14, 2008[1] and he was sworn in on March 24, 2008.[2] He formerly served as vice chairman of the Financial Industry Regulatory Authority (FINRA) (successor to NASD) and sat on the board at the Depository Trust & Clearing Corporation (DTCC).[3]
Shulman came to NASD in 2000. He directed NASD’s efforts to restructure itself as solely a regulator and spin-off its market subsidiaries. He led the negotiations that resulted in the sale of both the NASDAQ Stock Market and the American Stock Exchange. He also oversaw NASD’s efforts to become active in the fixed income markets by launching the Trade Reporting and Compliance Engine (TRACE), NASD’s real-time corporate bond market regulatory and information system. Another main area of focus was heading the successful effort by NASD to modernize its technology systems.
Before joining NASD, Shulman co-founded and served as Executive Vice President of FoundryOne, Inc., a company focused on building and spinning off technology-focused startups within major corporations. Previously, Shulman was Vice President of Darby Overseas Investments, Ltd. and served as a senior policy advisor and as Chief of Staff for the National Commission on Restructuring the Internal Revenue Service.[4] Shulman began his career as a consultant at A.T. Kearney in New York City.
Shulman holds a Bachelor of Arts degree from Williams College, a Master of Public Administration degree from Harvard University’s John F. Kennedy School of Government, and a Juris Doctor degree (magna cum laude) from Georgetown University Law Center. He graduated from Oakwood High School in 1985. His parents, Jeff and Celia Shulman, live in Oakwood, Ohio (in the Greater Dayton Area).[5]
In January 2010 in an interview with C-SPAN, Commissioner Shulman stated, “I use a preparer...I’ve used one for years. I find it convenient. I find the tax code complex, so I use a preparer.
Wonder what happened to this guy along the way?
If I had to answer my own question, I’d say it was the NASD experience. He got a taste of bureaucratic power and found it to his liking. NASD is a worthless organization, btw.
Except for people like Turbo Tax Timmy Geithner and others in the Politburo.
“When will the tipping point be reached?”
Those for freedom and those embracing slavery have one area of agreement - we can’t stand each other. We can build on that and perhaps agree to an amiable divorce. The first step would be a meeting of states to lay the groundwork for a seccession amendment at a future constitutional convention. The federal government has clearly broken the contract set up by the states to govern according to the constitution. There is no referee that can mediate this. We either agree to settle this matter peaceably or face the alternative.
They are going for Oprah and they are racists
When you're resources are limited your best bet is to target them where they will get the most done. In 21st century America that's not the hard-working, honest taxpayer. Or even the tax cheat. It's the huge amount of money that we spend and lose through pure waste, outright fraud and abuse at every level.
A year spent tracking VERY carefully EVERY penny we dole out for any purpose would be much more profitable than hounding taxpayers.
Maybe I'm wrong. We can find out. Launch a determined effort by all these people already in government employ and skilled in financial matters to find the waste, fraud and abuse. Just the knowledge that someone is paying attention for the first time in decades would probably make a lot of the abusers see the light!
[Shulman said the IRS is using our robust and evolving enforcement program that ensures that everyone pays what they owe.
]
Are the investigating the U.S. Senate and House of Representatives?
If they're as smart as we hope, that is no more ...
If the Democrats focus on shaking down the truly rich in the country, without regard to their political affilation (a big if!) they will be raping their own power structure. The truly wealthy are progressive globalists and are generally legally, socially and morally corrupt to the core.
Hollywierd, move to the front of the line.
“If the Democrats focus on shaking down the truly rich in the country,...”
Not a chance in the world. They WILL be shaking down you and I long before their major contributors ....which is exactly what this is all about...”inspiring” contributions...
No good will come of this.
Hint to IRS - there are 535 “high wealth individuals”, at least, right under your nose.
Waiting for the sound of subpoenas being served......
Waiting......
Still waiting......
Silly me...I thought the “I”, in IRS, stood for “Internal”...silly wabbit.
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