The underground economy is growing but the Canada Revenue Agency has a plan of attack on neglectful and evasive taxpayers, say federal reports. “The underground economy in 2021,” a Statistics Canada report released Feb. 20, said the value of unreported transactions in 2021 was estimated at $68.5 billion, or 2.7 percent of gross domestic product…
CRA Recalibrates to Grab Its Share From Burgeoning ‘Underground Economy’
Federal Government Tax Collection Hits Record $2 Trillion in 6 Months
April 14, 2022
admin
American taxpayersbillionaire taxBusiness & Economyeconomic policieseconomygovernment spendingtax collectionUSUS News
0 Comment
The U.S. federal government has collected record high taxes exceeding $2 trillion during the first half of the fiscal year, from October 2021 to March 2022, according to the Bureau of the Fiscal Service. In the first six months of fiscal year 2022, which began Oct. 1, 2021, tax collections totaled $2.12 trillion, up over…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`