Trump’s immigration crackdown could cost up to $479bn in lost taxes over 10 years
The Guardian World ·

The Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers …
The Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax experts. Tax advisers say major changes, including proposed data sharing with immigration enforcement, have made filing taxes risky for undocumented immigrants. Tax benefits for immigrant parents have also been removed, further removing incentive to file taxes at all. Every tax season keeps Daisy Schmidt busy with typical accounting tasks, from bookkeeping to helping clients prepare their returns. But with an ongoing Immigration and Customs Enforcement (ICE) crackdown, Schmidt has spent much of her time trying to calm clients that were too nervous to file. Despite her best efforts, many refused to file this year. “Our target is the Latino community, and many people didn’t file taxes because of fear of ICE,” said Schmidt, a tax adviser. “They said: ‘If they can deport me, what am I filing taxes for?’” Schmidt said this tax season, she has lost as many as 75% of her clients at Crece Latino, the tax service firm she owns in Springfield Virginia. Other tax advisers who work with Latino clients say they have also seen a drop in clients after changes to federal immigration policy. …
Original source: The Guardian World
Mentioned
Immigration and Customs Enforcement (ICE) · Latino · Maryland · Virginia · Internal Revenue Service · Department of Homeland Security