Larry Gibbs Quoted in BNA Daily Report for Executives on the Need to Reform the Federal Civil Tax Penalty System

“Government Officials, Stakeholders Examine Need to Reform Federal Civil Penalty Regime”
BNA Daily Report for Executives
01.29.10Larry Gibbs comments on the federal civil tax penalty system, a theme at the midyear meeting of the American Bar Association Section of Taxation. Gibbs said the discussion showed “just how blunt a penalty is as an enforcement tool. When you tell a taxpayer that they're facing a penalty, that's not just an economic consequence. What you're telling the taxpayer is that they've done something very, very wrong.” Gibbs continued, “I sincerely hope that we can take a hard look at our penalty system, as was done 20 years ago, and hope that we can move forward.”
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