Apparently the U.S. isn’t the only country interested in tax avoidance by high-incomers. The United Kingdom is planning a crackdown, advertising for 1,000 agents to closely check the tax compliance of the country’s 350,000 wealthiest taxpayers.
IRS already has a squad that eyes people with at least $10 million of assets or income. Doesn’t this give you that warm feeling inside!
Now if we could get Greece, Italy, Spain and Portugal to do the same we might be able to turn things around.