New data shows IRS unit auditing billionaires has significant staff loss

The International Consortium of Investigative Journalists (ICIJ) has revealed a significant reduction in the workforce of the IRS unit responsible for auditing billionaires. Since January, this specialized division has seen a 38% decrease in its employees, raising concerns about the IRS’s capability to effectively oversee the wealthiest individuals. The reduction in staff may hinder thorough audits, potentially impacting the ability to ensure that billionaires are paying their fair share of taxes. With the growing wealth inequality and increasing public scrutiny on tax compliance among the ultra-rich, this development could lead to considerable challenges in tax enforcement. The decline in employees comes amidst ongoing debates about resource allocation within the IRS, highlighting the need for critical reforms and investments in tax enforcement capacities. As the IRS faces these staffing challenges, the implications for tax justice and economic equality are profound and immediate.

International Consortium of Investigative Journalists – ICIJ