Business Lobbying Blocks Laws to Help IRS Collect Taxes Owed
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Congressional efforts to crack down on tax evasion by imposing withholding and reporting rules are faltering as businesses complain of compliance costs.
The U.S. Senate is moving this week to repeal a 2006 rule that requires governments to withhold 3 percent of payments to contractors. In April, President Barack Obama signed a law scrapping a provision of the 2010 health-care measure that sought to curb underreporting of income by compelling businesses to report more transactions to the Internal Revenue Service.