Word: egger
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Roscoe L. Egger Jr. retired on April 30. Gibbs' nomination was recommended unanimously by the Senate Finance Committee on June...
...Internal Revenue Service has a notorious lack of sympathy for taxpayers who file late returns. But this year it is the tax collectors who are having trouble with tardiness. IRS Commissioner Roscoe Egger acknowledged last week that his agency is taking as long as twelve weeks to send out refunds, two weeks longer than last year. The sluggishness of the IRS, said Egger, is the result of glitches in setting up a new $103 million Sperry Univac 1100/84 computer system. The IRS launched a crash program to install the computers in November to replace its creaky 1960s-era equipment...
...arrives. The IRS, however, hopes to catch up soon. The agency predicts its total interest payout will be $200 million, roughly the same as last year. Some anonymous IRS employees told journalists that the tax backlog had got so bad that agency workers had deliberately shredded thousands of returns. Egger heatedly rejected those stories. Said he: "I'm here to tell you it's sheer nonsense...
...code, which takes up 33 feet of shelf space and has enough shadowy havens to hide almost anything. "It was easier to get tax legislation than take other action," says Chapoton. Before long, the U.S. tax system was setting industrial policy. "Investments were being based on tax considerations," explains Egger. "Prices in real estate became of no concern. Tax benefits were being sold." Decisions in business, Egger points out, "should be based on economics, not on taxes." The overhaul proposed by Treasury, says Tax Scholar Charles McLure, who was a principal draftsman, is "a free-market manifesto." Ronald Reagan...
...France, Italy, Argentina and many other nations, tax evasion is a way of life. Their economies and standing in the world are significantly affected by that lack of citizen commitment. "If that ever happens here," warns Egger, "it will be almost impossible to turn back...