Yellen Doubles Down on ‘Improving Tax Enforcement’, Downplays Privacy Concerns
Despite mounting blowback to the Internal Revenue Service (IRS)’s “improving tax enforcement” proposal to track bank inflows and outflows exceeding $600, Treasury Secretary Janet Yellen is doubling down by calling the process “routine.” “Well, of course they do,” Yellen said on CBNC Squakbox Tuesday. “Right now, on every bank account that earns more than $10 a year in interest, the banks …
Yellen Doubles Down on ‘Improving Tax Enforcement’, Downplays Privacy Concerns Read More »