Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Irina Ivanova

The IRS plan to expose data on undocumented workers threatens nearly $100 billion in tax collections

5 ICE officers (Credit: Hyoung Chang/The Denver Post)
  • A proposal to share the IRS’s historically closely guarded data with immigration authorities will make immigrants far less likely to pay taxes in the future, experts say. Undocumented immigrants paid $97 billion in federal and state taxes in 2022, and many have filed tax returns in hopes of bolstering their case to eventually gain legal residency.

In its push to deport record numbers of immigrants, the Trump administration is reportedly on the verge of accessing some of the most closely guarded data in America: taxpayers’ returns. The unprecedented move could threaten tens of billions of dollars in tax revenue as it casts a chill on taxpayer compliance, experts say.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.