The Tax Authority for the loss of billions in revenue if immigrants stop providing taxes
The internal revenue department is expected to lose more than 313 billion dollars in the next decade, as workers who are not documented are preparing to pay fewer taxes after the agency has entered into a deal to exchange data with the American immigration authorities.
The Tax Authority is expected to lose 12 billion dollars in revenues for the remainder of the fiscal year ending September 30, according toa reportOn Tuesday by Yale Budget Laboratory. The group estimates that unauthorized workers paid about $ 66 billion in federal taxes in the fiscal year 2023, with about two -thirds of that next salary drawings.
The Ministry of Treasury – which oversees the Tax Authority – has reached more this week with an agreement with the Ministry of Internal Security to exchange taxpayers information in response to requests for law enforcement related to immigration. While Federal officials say the agreement includes guarantees and applies only to criminal issues, it reflects the privacy of the long tax authority.
The report emphasizes the role played by uncomfortable workers in advancing social security and medical care programs that they cannot extract in retirement due to the state of immigration.
The report said: “The Tax Authority historically explained to the immigrant population that is not documented that their tax information is confidential and will not be used in these ways.” Tax compliance between that group may “may be concerned that providing taxes can offer their personal contact information to enforce and use them to facilitate their deportation.”
President Donald Trump has recruited the Tax Authority and other government agencies in his efforts to eliminate unrelated immigration. He has pledged to implement the largest mass deportation campaign in the history of the United States, and so far it is intensifying raids and encouraging immigrants who do not have documents to “self -reporting”.
The report indicates that there is a “state of great uncertainty” about estimates, because it will be strongly dependent on the behaviors of immigrants that are not documented and their owners. The loss of revenue for 10 years can reach $ 147 billion and a height of $ 479 billion, according to the budget laboratory.
This story was originally shown on Fortune.com
