NBC Evening News for Thursday, Apr 09, 1992
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(Studio: Katherine Couric) Report introduced.
(Washington: Irving R. Levine) Results of Congressional study on taxes paid by foreign-owned companies in the United States featured. [Representative J.J. PICKLE - notes percentage of these businesses that don't pay taxes.] [Representative Paul KANJORSKI - says this is tax evasion.] Details given of transfer pricing scheme through which foreign-owned companies avoid paying taxes. [IRS commissioner Shirley PETERSON - says IRS (Internal Revenue Service) is giving the matter top priority.] [Former IRS commissioner Donald ALEXANDER - comments on his representation of foreign firms.] Annual amount lost per year by the United States Treasury on uncollected taxes from foreign companies reported.