Spencer Woodman
Staff Reporter at The International Consortium of Investigative Journalists (ICIJ)
Staff reporter @ICIJorg — I cover the ultrawealthy & the industries that serve them — [email protected] — Signal: spencerwoodman.07 — mail address at https://t.co/zRwxVEh55w
Articles
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3 weeks ago |
icij.org | Spencer Woodman
The IRS’s unit that audits billionaires and other ultrawealthy individuals has lost 38 percent of its workforce this year amid the Trump administration’s cost-cutting drive, according to new data obtained by the International Consortium of Investigative Journalists. The office, known as Global High Wealth, employed 353 people before the cuts and has experienced a far higher rate of terminations compared to the IRS as a whole, the new data shows.
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1 month ago |
icij.org | Spencer Woodman
Nestled at the foot of the Bighorn Mountains, Sheridan, Wyoming, is the sort of place where an out-of-towner can pick up a pair of cowboy boots to sport at a nearby rodeo. But a new commodity has been rivaling the popularity of the area’s Western wear: cheap company incorporations — with no travel necessary for far-flung customers.
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1 month ago |
icij.org | Spencer Woodman
As the Trump administration continues slashing the federal workforce, a familiar target of budget cuts is squarely in the crosshairs: the IRS. And mass firings at the tax agency last month may soon benefit wealthy Americans, who were a key focus of President Biden’s efforts to strengthen tax enforcement.
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2 months ago |
icij.org | Spencer Woodman
A Montreal entrepreneur is set to spend an additional three and a half years in a U.S. prison for hiding tens of millions of dollars worth of bitcoin in an undeclared account following an earlier cryptocurrency-related criminal conviction. The businessman, Firoz Patel, was sentenced Thursday in a Washington, D.C., federal court on one count of obstructing an official proceeding, ending the latest chapter of a circuitous criminal case.
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2 months ago |
icij.org | Spencer Woodman
A U.S. Supreme Court order created confusion last week, with transparency advocates cheering what appeared to be a reinstatement of mandatory company ownership reporting, before the government clarified that another legal hurdle continues to block the implementation of a landmark anti-corruption law.
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RT @PekingMike: The IRS unit that audits billionaires has lost 38% of its employees since January, new data shows ... by @spencerwoodman @I…
The IRS unit that audits billionaires lost 38 percent of its employees in DOGE cuts, a far higher loss rate than the IRS as a whole: https://t.co/u4ccorMBXn @ICIJorg
The IRS unit that audits billionaires has lost 38 percent of its employees since January, new data shows https://t.co/YZAYYzUdja @ICIJorg