Analysis

IRS May Fare Well Despite Proposed Budget Cut

Law360, New York (March 17, 2017, 2:06 PM EDT) -- Despite the prospect of further funding cuts, the Internal Revenue Service may be one of the few federal agencies to come out on top under President Donald Trump’s budget plan, given the emphasis on modernization and the treasury secretary’s goal of expanding programs and services.

The IRS, like many other agencies, was not spared under a preliminary White House budget plan released Thursday to cut domestic spending in favor of a $54 billion increase in defense spending.

However, unlike other agencies, such as the U.S. Environmental...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.