Published: Tuesday October 14, 2008
The US financial meltdown is creating brighter job prospects for at least one occupation: tax collector.
Several US states - including New York, Massachusetts, California and Illinois - are beefing up tax enforcement and collection efforts as they face widening budget deficits.
"As their budgets quickly hit the skids and the pressure is on, they're going to be looking to see where those dollars are," said Verenda Smith of the Federation of Tax Administrators, an association of tax agencies from all 50 US states.
Their targets range from major corporations to small businesses and individuals.
State governments are always seeking ways to narrow their "tax gaps" - the sometimes billion-dollar chasms between what they believe they're owed and what tax cheats and delinquents actually pay. The sliding economy is forcing states to intensify efforts to close the gaps.
In New York, tax collectors have been trumpeting their crackdown, aiming to persuade tax cheats to change their ways.
"At the end of the day, I'm not interested in a lot of arrests. I'm interested in increasing the number of voluntary taxpayers," said William Comiskey.
Source: Trinidad Express Newspapers
http://www.trinidadexpress.com/index.pl/article_business_mag?id=161387262
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