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U.S. Treasury Publishes Report on LB&I Division Compliance Campaigns

28 October 2019

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United States

The U.S. Treasury has published a report from the Treasury Inspector General for Tax Administration (TIGTA) that was issued on 27 September 2019 and provides an assessment of the compliance campaigns of the Large Business and International (LB&I) Division. The highlights of the report as provided by TIGTA are as follows: --- IMPACT ON TAXPAYERS The Large Business and International (LB&I) Division traditionally organized itself around business industries, a structure which came about in response to the IRS Restructuring and Reform Act of 1998.  Since at least 2010, the LB&I Division's leadership expressed the intent to shift its focus towards examining...