Inside Government Crackdown on Corporate Jet Tax Abuse (Podcast)

The corporate jet industry is the latest to be targeted by the government’s efforts to make the rich pay the taxes they owe.

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The IRS began an audit campaign in February to clamp down on executives abusing corporate jet tax breaks for personal use. President Joe Biden’s proposed budget would tighten depreciation rules and increase the tax rate on private jet fuel, and Senate Democrats sent a letter urging the Treasury Department and Internal Revenue Service ...