IRS Peers Into Executive Compensation

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Published in ABC News January 23, 2010 by Kim Dixon
As the Obama Administration seeks backing for a tax on banks’ lucrative pay packages, the Internal Revenue Service has been stepping up its oversight of executive pay through its auditing and other powers. ┬áPresident Barack Obama needs the U.S. Congress to help him pass the 10-year $90 billion tax on bank executive compensation, but the tax agency had already been bearing down on lavish pay and perks across industries on several fronts.

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