Article Archives >> Ready Reference >> April 16-30, 2005

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Finance Committee Holds Another Hearing
On Charity Governance, Ways to Cut Tax Gap

Sen. Grassley looks at contribution deductions as means
to slice away at difference between taxes due and taxes paid

The Senate Finance Committee’s review of charitable activities, which started primarily as a review of ways to prevent charitable abuses, is shifting toward a search for revenue to slice away at the nation’s tax gap, the $300 billion difference between what taxpayers should be paying and what they are actually paying each year.

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Article Archives >> Ready Reference >> April 16-30, 2005




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