Challenges in Addressing Fraud Among the Ultrawealthy and Corporations

A retired IRS employee shares insights on the difficulties in pursuing fraud cases involving ultrawealthy individuals and corporations, citing challenges with policies and procedures, gathering information, and fear of repercussions. The chapter delves into the disparities in auditing practices for small businesses versus large corporations, technical complexities in tax evasion schemes, and obstacles faced in enforcing regulations due to high-level approvals. The guest expresses frustration at the lack of organizational support and operational challenges that ultimately led to their retirement.