Tax evasion is cheating US out of $1tn a year, IRS chief claims

Joe Biden proposes beefing up corporate enforcement as a more aggressive attitude to collecting tax gains traction

Chuck Rettig, the commissioner of the US Internal Revenue Service said 'it would not be outlandish to believe' that the country could be losing a trillion dollars a year to tax cheats. 

Tax evasion in the US may total $1 trillion a year, a figure that is multiples higher than previous estimates from the federal government.

Internal Revenue Service (IRS) commissioner Chuck Rettig said previous tallies of the tax gap didn’t include some tax-evasion techniques that weren’t on their radar at the time.