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110919 1 (1979-11-15)

handle is hein.gao/gaobadyju0001 and id is 1 raw text is: 

                                               /ZA  ol



          UNITED STATES GENERAL ACCOUNTING OFFICE
                   WASHINGTON, D.C. 20548



                                    FOR RELEASE ON DELIVERY
                                    Expected at 10 a.m., EST
                                    November 15, 1979



                      STATEMENT OF

             RICHARD L. FOGEL, ASSOCIATE DIRECTOR,

             GENERAL GOVERNMENT DIVISION

                      BEFORE THE

              JOINT ECONOMIC COMMITTEE

                        ON

               THE UNDERGROUND ECONOMY
             L .........


Mr. Chairman and Members of the Committee:

     My testimony today concerns (1) the size of the under-

ground economy as presented by the Internal Revenue Service

!RS) in its September 1979 report entitled, Estimates of

Income Unreported on Individual Income Tax Returns,

(2) how the existence of an underground economy may distort

the Government's data on the unemployment rate and other

economic indicators, and (3) actions the IRS and other

Government agencies can take to-deal with the underground

economy problem.




                                                   110919

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