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109885 1 (1979-07-16)

handle is hein.gao/gaobadygy0001 and id is 1 raw text is: iogm UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY Expected at 10:00 a.m, EDT Monday, July 16, 1979 109885 STATEMENT OF ALLEN R. VOSS, DIRECTOR GENERAL GOVERNMENT DIVISION BEFORE THE SUBCOMMITTEE ON OVERSIGHT C HOUSE COMMITTEE ON WAYS AND MEANS (U ON LIRS' EFFORTS TO IDENTIFY AND PURSUE INCOME TAX NONFILERS AND UNDERREPORTERSJ Mr. Chairman and Members of the Subcommittee: We are pleased to assist the Subcommittee as it begins its inquiry into the so called subterranean economy,' and what can be done about it to ensure the continued soundness of our voluntary tax assessment system. Our testimony focuses on assessing the adequacy of IRS' tools for dealing with the problem. The subterranean economy can be defined as the aggregate of unrecorded cash activity and that activity which escapes econo- mic measurement and tax assessment. This includes the actual exchange of goods or services for cash or for the value of other goods or services--that is, bartering. From a broader standpoint, the subterranean economy can affect measures of economic activity, unemployment, and average earnings because transactions are not recorded or otherwise accounted for. Obviously, such activity adversely impacts our tax system in that income earned is not reported and thus not taxed.

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