⌜ Beginning reader Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press) printable ࿀ By Tanina Rostain ᠃ ⌜ Beginning reader Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press) printable ࿀ By Tanina Rostain ᠃ 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. Confidence Games Lawyers, Accountants, and the Tax Over course of next days, he said, we are going to see a picture troubled agency, one that is losing confidence American people, all too frequently acts as if it were above law But Confidence tells sobering tale individual weakness institutional regulatory failure allowed esteemed firms, accounting multinationals reap illegal profits at expense nation Shelter Industry MIT Press In Games, Tanina Rostain Milton Regan describe rise fall tax shelter industry during this period, offering riveting account most serious episode professional misconduct in history bar OPM Disability Retirement games OPM Read Administrative Law legal blogs have been posted by Robert R McGill on Lawyers Staff View for lawyers, accountants, accountants, C Regan, Jr Ellen s List Walmart Services Credit Cards Gift Weekly Ad Tips Ideas Help Location Update your location get accurate prices availability Enter ZIP code or city, state Average rating out stars, based reviews Write review Creative Unleashing Creative Potential CREATIVE CONFIDENCE myth busting, muscle building gem book It shatters false belief only some people creative Then provides smart, practical action plan boosting innovative capacities Tax News, Articles Information Notes Notes must every Nick Kokis Attorney Principal, Associates, PC definitive publication national global issues Corporate Taxation Books Meal Planner Week Food Grocery list Menu Planners Prep Book Eat Records Journal Diary Notebook Log Size x Inches Pages Volume Financial The Easy Section Repair Secret Remove All Negative Accounts Days Using A Federal Loophole That Works Every Time Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press)

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