Treasury Report Knocks IRS For Spending, Privacy Issues

Law360, New York (December 9, 2013, 6:04 PM EST) -- The Internal Revenue Service is under some of the most intense scrutiny it has ever experienced amid questions about its data security and spending efficiency, according to a Treasury Department report released Monday.

The report, which covers the Treasury Inspector General for Tax Administration’s already-published findings from April through September, reinforced the watchdog’s conclusion that the IRS needs to do more to protect taxpayer data in a changing world.

"The IRS faces the daunting task of securing its massive computer systems against the growing threat of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.