Download or read book Tax Shelter Controversies written by and published by . This book was released on 1982 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Taxing Audit Markets and Reputation written by John Incardona and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From 2002 to 2007, the nation's largest CPA firms faced allegations of illegal activity related to the sale of tax shelters: Eamp;Y, KPMG and PwC paid fines; KPMG was investigated by a federal grand jury; and Eamp;Y faced a criminal inquiry. These shelter events occurred shortly after the 2002 collapse of Arthur Andersen, when policy makers were concerned about audit market concentration. Most global companies require a larger CPA firm capable of auditing their operations with both a high reputation and related industry expertise; in many cases, this choice is limited to only one or two audit providers. This is the first paper to provide a chronological summary of how the tax shelter controversy started and ended. We investigate the stock market reaction to tax shelter news developments between 2003 and 2005 to make inferences about the market's view of audit competition and CPA firm reputation. Our results are consistent with the view of market concern with large audit firm concentration, evidenced by large negative returns for clients of all audit providers upon the KPMG grand jury investigation announcement. We also find tax shelter activities impact both the reputation of the accounting profession and the individual CPA firms marketing tax shelter products.

Download or read book Tax Shelter Controversies the IRS Justice SEC Crack Down written by Law & Business, inc and published by . This book was released on 1984 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ethical Problems in Federal Tax Practice written by Bernard Wolfman and published by Aspen Publishing. This book was released on 2015-01-30 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethical Problems in Federal Tax Practice provides clear explanations of the relevant rules and regulations that apply to tax lawyers and organizes the materials by the various functions a lawyer serves: litigator, advisor and counselor. This is the only casebook currently available for law courses on professional responsibility in tax practice. Look for these key features in the new edition: New chapter on international tax practice Effect of technology innovations, e.g., email and social media, on ethical tax practice, including issues such as ethical advertising and solicitation, outsourcing and fee sharing Changes to Circular 230, the document governing practice before the IRS

Download or read book Third Annual Tax Shelter Controversies written by and published by . This book was released on 1984 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Shelter Controversies written by and published by . This book was released on 1981 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Controversies written by Leandra Lederman and published by . This book was released on 2002 with total page 922 pages. Available in PDF, EPUB and Kindle. Book excerpt: This casebook is designed both to assist students in learning the nuts & bolts of tax procedure, & to stimulate them to think about the broader issues that underlie its structural framework. In order to achieve these goals, each chapter includes theory questions & a set of fact-based problems that assist students in learning to think strategically, & to apply the law to situations they might encounter in practice. TeacherÆs Manual available.

Download or read book Travails in Tax written by Tanina Rostain and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter tells two stories: the story of KPMG's emergence as an industry leader in the tax shelter market and the story of Mike Hamersley, a lawyer at the firm, who ultimately exposed its tax shelter activities after he was pressured to participate in an audit he believed to be fraudulent. From the late 1990s into the next decade, KPMG devoted significant resources to developing and mass marketing hundreds of abusive tax shelters. These products were designed to enable their purchasers - typically high wealth individuals and Fortune 500 companies - to avoid paying taxes on the huge financial gains they enjoyed during the stock market boom. Abusive tax shelters deprived the Treasury of tens of billions of dollars in lost tax revenue. KPMG, which made hundreds of millions of dollars from its tax shelter business, was by no means the only large accounting firm involved, but is likely the firm in the most trouble. After its tax shelter activities came to light, the Justice Department launched a criminal investigation, focusing on some thirty current and former partners and employees, many of them lawyers. KPMG's fall from grace offers a cautionary tale about the risks of law practice in large professional organizations in the 21st century. On an institutional level, it illustrates how business rationality can displace professional norms, a process accelerated at the firm by its enormous size, organizational structure, and deeply conformist culture. On an individual level, the KPMG story also provides a lesson in the growth of self-knowledge and personal accountability. Hamersley managed to avoid the processes of group-think and self-rationalization to which his colleagues succumbed, but he did not leave the firm early enough to avoid being put to the choice between engaging in conduct he believed was criminal or becoming a whistleblower and risking his career, reputation, and economic security in the process.

Download or read book Tax Controversies written by Robert S. Fink and published by . This book was released on 2001 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Controversies in Tax Law written by Anthony C. Infanti and published by Routledge. This book was released on 2016-03-03 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a new approach to today’s tax controversies, reflecting that debates about taxation often turn on the differing worldviews of the debate participants. For instance, a central tension in academic tax literature - which is filtering into everyday discussions of tax law - exists between 'mainstream' and 'critical' tax theorists. This tension results from a clash of perspectives: Is taxation primarily a matter of social science or of social justice? Should tax policy debates be grounded in economics or in critical race, feminist, queer, and other outsider perspectives? To capture and interrogate what often seems like a chasm between the different sides of tax debates, this collection comprises a series of pairs of essays. Each pair approaches a single area of controversy from two different perspectives - with one essay usually taking a 'mainstream' perspective and the other a 'critical' perspective. In writing their contributions, the authors read and incorporated reactions to each other’s essays and paid specific attention to the influence of perspective on both the area of controversy and their contribution to the debate. With contributions from leading mainstream and critical tax scholars, this volume takes the first step toward bridging the gap between these differing perspectives on tax law and policy.

Download or read book U S Tax Shelter Industry written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 2004 with total page 980 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Code of Ethics for Professional Accountants written by International Federation of Accountants and published by . This book was released on 1998 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Tax Shelter Industry The Role of Accountants Lawyers and Financial Professionals S Hrg 108 473 Volume 4 of 4 November 18 and 20 2003 108 1 Hearings written by and published by . This book was released on 2004 with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimates of Federal Tax Expenditures written by United States. Department of the Treasury and published by . This book was released on 1975 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of Professional Firms in the U S Tax Shelter Industry written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 2005 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Tax Reform written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1973 with total page 960 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Controversial Essays written by Thomas Sowell and published by Hoover Press. This book was released on 2013-09-01 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of conservatism's most articulate voices dissects today's most important economic, racial, political, education, legal, and social issues, sharing his entertaining and thought-provoking insights on a wide range of contentious subjects. --"This book contains an abundance of wisdom on a large number of economic issues." --Mises Review