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B-137762.42 1 (1979-05-29)

handle is hein.gao/gaobachhz0001 and id is 1 raw text is: COMPTRQLLER GENERAL OF THE UNITED STATES 9617 WASHINGTON, D.C. 20548 M.137762y 4. 29, 1979 1he onorable Sam M. Gibbons hairman, Subcommittee on ioversight committee on Ways and Means HoIuse of Representatives Dear Mr. Chairman: As you may recall, in his February 5 meeting with you and your staff director, Mr. Dick Fogel of our office discussed the problem we have in trying to obtain access to tax return information exchanged by competent authorities pursuant to the provisions of tax treaties between the United States and foreign countries. At your Subcommittee's April 25 hearings on Tax Havens, Mr. Fogel also raised the issue in response to your question as to whether there would be any impediments to GAO looking at how the Government is dealing with the problem of tax evasion and tax avoidance in tax haven countries. The problem initially came up in the course of our work in response to a House Ways and Means Committee request that we study Federal and State problems in apportioning corporate income among various jurisdictions for the purpose of computing tax liabilities. The Committee expressed particular interest inthe Internal Revenue Service's administration of section 482 of the Internal Revenue Code of 1954, as amended. As a result of your discussion with Mr. Fogel, it is our nderstanding that you are willing to work with us to explore Ways to obtain Congressional and GAO access to information ex- changed by competent authorities so we can carry out our over- Bight responsibilities to assure that the Government administers Our tax laws effectively, efficiently, and economically. To aSsist you in understanding the issues involved, it was agreed that we would provide you with an analysis of (1) the legal iSSues, (2) the need for access to such information to accomplish effective oversight, and (3) alternatives for securing access. After the Subcommittee has had time to study our analysis Would like to meet with you to obtain your views on our analysis, to seek your advice on the desirability of proceeding With one or several of the alternatives we suggest, and to J1scuss how we can work together on the effort.

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