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On Point | Podcast

How the IRS went soft on the ultrawealthy and corporations

On Point | Podcast

WBUR

Talk Show, Daily News, News, Npr, On Point, Daily

4.23.5K Ratings

🗓️ 24 June 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

A former IRS agent says the agency gives a pass to corporate tax cheats and the super-rich when investigating possible tax crimes.

Transcript

Click on a timestamp to play from that location

0:00.0

Support for this podcast comes from Is Business Broken, a podcast from BU

0:04.6

Quest from School of Business. Follow wherever you get your podcasts and stick around

0:09.0

until the end of this podcast for a preview of a recent episode that looks at how businesses might tackle issues like climate change.

0:17.0

Funding for this podcast comes from Math Works, creators of Matlab and Simulink software,

0:22.8

accelerating the pace of engineering and science.

0:25.8

Learn more at Mathworks.

0:28.9

This is on point.

0:30.1

I'm Deborah Becker in for Magnitocrobardiabardi. Well many of us probably might be fearful if we got a call

0:35.8

from the Internal Revenue Service. Last year the IRS processed some 271 million tax returns and other forms,

0:44.2

but the agency is also responsible

0:46.1

for looking into tax crimes and fraud.

0:49.3

That can include those committed

0:51.1

on any taxpayer, small business owner, large corporation, or the ultra- wealthy.

0:57.0

Now the White House has pledged tens of billions of dollars to the IRS,

1:01.0

much of it to strengthen tax enforcement on wealthy people and large corporations.

1:07.0

A new investigative report suggests that more resources, though, may not be enough to ensure that those with the most money

1:14.4

aren't cheating on their taxes. That report raises questions about a possible

1:19.4

class bias within the IRS. We want to start our conversation today with Michael Wahlou, who spent

1:25.6

more than two decades working at the IRS as a fraud enforcement advisor. He retired in

1:31.9

2022 and he says the biggest richest businesses may not get anxious

1:37.9

about a call from the IRS as much as regular taxpayers do.

1:42.1

Michael, welcome to Onpoint.

...

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