President Obama's announcement that he intends to close loopholes in the corporate tax and go after secret bank accounts the wealthy use to hide money from the IRS will require a huge expansion of staff at the IRS, especially accountants of all types.

According to Reuters, Obama proposed nearly doubling the budget for tax law enforcement next year, and aims to more than quadruple funding within 5 years, up to $2.1 billion.

The administration said it would expand efforts to boost compliance outside the U.S. and to scrutinize cross-border transactions and out-of-country tax issues. The Government Accountability Office reports that billions of dollars in corporate income tax is kept from the government through underreporting. In addition, the U.S. is suing UBS AG, a large Swiss bank, to get the names of U.S. clients who may be trying to evade tax laws by keeping their money in secret bank accounts.

While the Bureau of Labor Statistics only predicted a modest rise in jobs involved with tax collection, the new plan may change that. The budget calls for $12.1 billion for the IRS, $890 million of which would be to boost tax enforcement, more than doubling last year's budget.