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Wednesday, April 1, 1987
Volume:
3
Issue:
4
Abstract:
On March 31, 1987, the Internal Revenue Service at a press conference outlining the duties of the new IRS office of the assistant commissioner (international) announced that it is increasing tax enforcement efforts aimed at foreign owned companies operating in the United States. As a reason for the new emphasis, the IRS revealed that recent studies have demonstrated that these companies are paying as much as 19 percent less in taxes than U.S. companies in similar industries.