A7 · Pillar A · Revenue Optimization
High-wealth compliance and reporting
Strengthen reporting on assets and income for taxpayers with net worth above $50 million, including expanded Form 8938 foreign-asset reporting, mandatory information returns from large private trusts and investment partnerships, and beneficial-ownership reporting for closely held entities. Paired with targeted IRS audit capacity under A4.
- 10-year fiscal
- +$200BRevenue
- Implementation
- Years 2–5
- Middle class
- Neutral
- Planetary
- Neutral
$150B–$250B · Medium confidence
Reporting thresholds apply above $50 million net worth.
No material climate effect.
Global precedent
OECD Common Reporting Standard; FATCA in the United States. Norway, Denmark, and France operate automated wealth and asset reporting with documented compliance benefits.
Lead mechanism
Treasury, IRS, FinCEN; Senate Finance; House Ways and Means.
Bipartisan framing
Conservative case
Improves enforcement of existing law without rate changes.
Progressive case
Addresses documented compliance gaps among the highest-wealth households.
Figures in this framework are illustrative directional estimates derived from publicly available data and conventional Congressional Budget Office budget-window logic. They are not official CBO scores. Any provision adopted from this framework would require formal CBO scoring before legislative consideration. This document is a policy white paper, not an introduced bill.