Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 136
Book Description
The Role of Professional Firms in the U.S. Tax Shelter Industry
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 136
Book Description
The Role of Professional Firms in The U.S. Tax Shelter Industry, April 13, 2005, 109-1 Senate Report No. 109-54
Author: U.S. Tax Shelter Industry: The Role of Accountants, Lawyers, and Financial Professionals, S. Hrg. 108-473, Vol. 1 of 4, November 18 and 20, 2003, 108-1 Hearings, *.
Author: The Role of Professional Firms in the U.S. Tax Shelter Industry
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 132
Book Description
U.S. Tax Shelter Industry
Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 1104
Book Description
The Role of Professional Firms in the U.S. Tax Shelter Industry - Scholar's Choice Edition
Author: United States Congress SenatePublisher: Scholar's Choice
ISBN: 9781296014568
Category :
Languages : en
Pages : 140
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
U.S. Tax Shelter Industry: The Role of Accountants, Lawyers, and Financial Professionals, S. Hrg. 108-473, Vol. 3 of 4, November 18 and 20, 2003, 108-1 Hearings, *.
Author: U.S. Tax Shelter Industry
Author: United StatesPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1104
Book Description
U.S. Tax Shelter Industry
Author: United StatesPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 852
Book Description
Confidence Games
Author: Tanina RostainPublisher: MIT Press
ISBN: 0262027135
Category : Business & Economics
Languages : en
Pages : 421
Book Description
The rise and fall of a tax shelter industry that enabled some of America's richest citizens to avoid paying their fair share of taxes. For ten boom-powered years at the turn of the twenty-first century, some of America's most prominent law and accounting firms created and marketed products that enabled the very rich—including newly minted dot-com millionaires—to avoid paying their fair share of taxes by claiming benefits not recognized by law. These abusive domestic tax shelters bore such exotic names as BOSS, BLIPS, and COBRA and were developed by such prestigious firms as KPMG and Ernst & Young. They brought in hundreds of millions of dollars in fees from clients and bilked the U.S. Treasury of billions in revenues before the IRS and Justice Department stepped in with civil penalties and criminal prosecutions. In Confidence Games, Tanina Rostain and Milton Regan describe the rise and fall of the tax shelter industry during this period, offering a riveting account of the most serious episode of professional misconduct in the history of the American bar. Rostain and Regan describe a beleaguered IRS preoccupied by attacks from antitax and antigovernment politicians; heightened competition for professional services; the relaxation of tax practitioner norms against aggressive advice; and the creation of complex financial instruments that made abusive shelters harder to detect. By 2004, the tax shelter boom was over, leaving failed firms, disgraced professionals, and prison sentences in its wake. Rostain and Regan's cautionary tale remains highly relevant today, as lawyers and accountants continue to face intense competitive pressure and regulators still struggle to keep pace with accelerating financial risk and innovation.