The Trillion-Dollar Leak: How Tax Fraud, Administrative Complexity, and the "Shadow Economy" Drain Federal Coffers
WASHINGTON — In a comprehensive new analysis that underscores the staggering fiscal challenges facing the United States, a recent report from the nonpartisan Government Accountability Office (GAO) estimates that the federal government loses a staggering $116 billion to $304 billion annually to tax fraud. This massive loss accounts for roughly 2 percent to 6 percent…
