Cato Institute | IRS officials’ stock holdings and corporate tax outcomes

Jack Kramer Term Associate Professor Michael Mayberry, Assistant Professor Scott Rane and Ph.D. student Eashwar Nagaraj investigate whether high-ranking IRS officials profit from private tax information by examining if their stock trades are associated with confidential tax-related data they receive from corporations during audits and enforcement activities.

The study explores potential insider trading opportunities that arise because IRS interactions with firms remain private until companies disclose them in financial statements, creating an information gap that tax officials could potentially exploit.

Read more in their piece featured in the Cato Institute.