International Tax Enforcement Increases 8

Several developments indicate that international tax enforcement will increase in the immediate future, leading both to increased cooperation and tension between governments on the one hand, and between governments and taxpayers on the other hand. The accumulation of drastic measures by some governments to raise revenue (e.g., adoption by the U.S. of recordkeeping requirements for foreigners who have an interest in U.S. businesses), is leading to emulation by other governments…[more]