Stop losing sleep over your tax situation. I'm Darrin Mish \u2014 a tax attorney in Tampa who's spent 32 years handling exactly this kind of problem. Here's what you need to know.<\/p>\n
One of the reasons<\/a> that the IRS cannot fully clamp down on offshore tax havens is that they may lack the talent and technology resources. Over the past five years, Congress has cut $1.2 billion from the IRS\u2019s budget.<\/p>\n This greatly impedes their ability to go after those entities that have evaded paying taxes. Estimates conclude that $350 billion is left uncollected each year because the IRS\u2019s resources<\/a> are lacking. <\/span><\/p>\n If these debts were collected, the national debt could be tackled and a big dent could be made in it. Nike, Apple, Microsoft, and Amazon are companies that are periodically in the news for allegedly not having paid taxes.<\/p>\n Many major corporations understand the loopholes and are able to keep their money, legally, in other countries. Many also say that corporations pay too much in taxes<\/a> as it caps off at 35% in the United States.<\/p>\n