Subterranean Or Underground Economy: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-sixth Congress, First Session, September 5 and 6, 1979
United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
U.S. Government Printing Office, 1979 - Electronic books - 236 pages
"Our study of noncompliance estimates that individuals did not report $75 billion to $100 billion of 1976 income in the legal sector of the economy, resulting in a revenue loss of approximately $13 billion to $17 billion. In addition, individuals engaged in narcotics, illegal gambling, and prostitution are estimated to earn $25 billion to $35 billion on which the revenue loss may range from $6 billion to $9 billion. The broad outlines of some significant aspects of the report are in the four tables and the chart which I have attached to my statement. The report confirms that voluntary reporting is very high where incomes are subjected to withholding. Voluntary income reporting is lower where incomes are subject to information document reporting and even lower where incomes are subject to neither withholding nor information document reporting"--Page 1.
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accounts activities additional American amount audit bank barter billion cargo cash cheating City claim collected Commissioner compliance concerned ConyERs corporations cost credits crime criminal deal detect determine develop direct district Division document matching documents dollars earned effect employees enforcement estimate examination example exchange federal figures Fogel Form going House identified illegal tax protesters income tax increase individual interest Internal Revenue involved KURTz loss means measure ment needs noncompliance nonfilers Office operations organized paid percent person problem procedures question received recommended records result RoseNTHAL says schemes Service sources strategy subcommittee subterranean economy suggests tax evasion tax returns taxpayers things tion trade Treasury underground economy unreported income withholding York
Page 126 - For the purpose of this paper, the term will be defined as an illegal act or series of illegal acts committed by nonphysical means and by concealment or guile, to obtain money or property, to avoid the payment or loss of money or property, or to obtain business or personal advantage.
Page 226 - The Honorable Benjamin S. Rosenthal Chairman Subcommittee on Commerce, Consumer and Monetary Affairs Committee on Government Operations US House of Representatives Washington, DC 20515 Dear Mr.
Page 125 - White collar crime may be defined approximately as a crime committed by a person of respectability and high social status in the course of his occupation.
Page 88 - Chairman of the Federal Tax Division of the American Institute of Certified Public Accountants...
Page 15 - A small amount of illegal-source incomes are included in the figures below. These inclusions will not significantly affect the percentages shown in the right-hand column.
Page 211 - BEFORE THE SUBCOMMITTEE ON COMMERCE, CONSUMER, AND MONETARY AFFAIRS OF THE HOUSE COMMITTEE ON GOVERNMENT OPERATIONS ON FEDERAL ACTIONS IN DEALING WITH CONTAMINATED IMPORTED WINES Mr.
Page 124 - The subcommittee stands adjourned. [Whereupon, at 11:50 am, the subcommittee adjourned, to reconvene subject to the call of the Chair.] APPENDIXES APPENDIX 1.— REIMAR LUST, PROFESSOR, DIRECTOR GENERAL, EUROPEAN SPACE AGENCY, LETTER TO HON.
Page 168 - However, the appeal procedures do not extend to cases involving solely the failure or refusal to comply with the tax laws because of moral, religious, political, constitutional, conscientious, or similar grounds. Organizations such as labor unions and trade associations which have been examined by the district director to determine the amounts expended by the organization for purposes of lobbying, promotion or defeat of legislation, political campaigns, or propaganda related to those purposes are...