Word: audits
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...similar admission came last week from John Melchner, director of the Pentagon's Defense Audit Service, to a House subcommittee. He testified that Navy purchasing officers "are pushed to get parts as soon as possible," even if it means bypassing the Pentagon's inventory. For instance, the Navy paid the Sperry Corp. $110 for each diode used in an F/A-18 fighter-bomber flight simulator, even though the diodes were available from the Pentagon's own spare-parts stockpile at 4? each. The apparent reason for this expensive shortcut: unwillingness to order through the cumbersome military bureaucracy. Declared...
...Audit...
...consider donations to charity, another honorable activity, which the IRS has been investigating in Southern California. Here, too, the results are dismaying. In an audit of 4,000 California returns that showed large charitable contributions, the vast majority of those filing the returns were found to be cheating. On average, they owed additional taxes of $5,800. "Many of these people report that they are giving over half their income to the church," says IRS District Director William H. Connett. "But these are often mail-order ministries, organized not for religious reasons but for tax evasion...
...earns his living by cleaning houses and offices for about ten clients at $7 to $10 an hour. He says he is "barely making it" on $7,000 a year, and he declares no more than half of that to the IRS , "just enough to discourage an audit." The chance of being arrested does not worry him. Says he: "I'm a little too clever to get caught...
Japanese tax laws are fairly lenient. Doctors, for example, are allowed to deduct 72% of their incomes, and the first $13,000 invested in postal-savings accounts earn tax-free interest. But whenever the authorities start investigating, they make sad discoveries. An audit of 50 people who had registered new luxury cars worth $40,000 or more, for instance, found that eleven reported having no income at all. Of 116 cram schools that help Tokyo children pass their exams, 109 were discovered to be concealing income. And last week the national Tax Administration Agency said it had audited 24 prosperous...