Welcome

Top Treasury Tax Nominee Wants More Frequent Reports on Tax Gap

May 25, 2021, 3:42 PM

Reporting on taxes owed to the government ought to be more frequent, President Joe Biden’s nominee for Treasury’s tax job told the Senate Finance Committee.

“If confirmed, I would love to work on it being much more frequent, ideally annually,” Lily Batchelder, a New York University law professor who is nominated for assistant secretary for tax policy, said Tuesday.

  • The official gap—the difference between taxes owed and taxes paid—is estimated to be about $441 billion annually for tax years 2011 to 2013. But IRS Commissioner Chuck Rettig said recently that the gap could be as much as $1 ...

To read the full article log in. To learn more about a subscription click here.