A unit set up by the IRS to improve international tax compliance by individuals is paying off, according to a new government report, enabling IRS auditors to assess an additional $36 million in taxes for fiscal years 2011 to 2013.
The report, from the Treasury Inspector General for Tax Administration, found that the International Campus Compliance Unit, or CCU, appears to be working. The IRS set up the unit as part of its strategic plan to address international tax compliance. Other facets of the effort have also led to agreements with Swiss banks to turn over lists of customers, along with offshore voluntary disclosure initiatives that allow taxpayers with foreign bank accounts to come forward voluntarily.
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