How Top Accounting Firms Write Tax Policy

Practical and Practice issues for Professionals who practice in the area of taxation. Moral, social and economic issues relating to taxes, including international issues, the U.S. Internal Revenue Code, state tax issues, etc. Not for "tax protestor" issues, which should be posted in the "tax protestor" forum above. The advice or opinion given herein should not be relied on for any purpose whatsoever. Also examines cookie-cutter deals that have no economic substance but exist only to generate losses, as marketed by everybody from solo practitioner tax lawyers to the major accounting firms.
Number Six
Hereditary Margrave of Mooloosia
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How Top Accounting Firms Write Tax Policy

Post by Number Six »

'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
Duke2Earl
Eighth Operator of the Delusional Mooloo
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Re: How Top Accounting Firms Write Tax Policy

Post by Duke2Earl »

Good article. But the real news is that has been going on a lot longer than the Times reports. It was going on in the 80's and before. How do I know? I personally was involved. I left a big 4 accounting firm as a manager for a turn as a SES manager at the IRS. While at the IRS I was involved with a number of regulations projects. I returned to the firm after about 2 years as a partner. I truly do not believe I did anything untoward. I was easily able to put on the government hat because I had started my career in taxes at the IRS years before. I was a person who actually tried to do the right thing under the law no matter where I worked. But everything seems to be more blatant these days. Good to be retired now.
My choice early in life was to either be a piano player in a whorehouse or a politican. And to tell the truth there's hardly any difference.

Harry S Truman
Number Six
Hereditary Margrave of Mooloosia
Posts: 1232
Joined: Fri Aug 29, 2008 6:35 pm
Location: Connecticut, "The Constitution State"

Re: How Top Accounting Firms Write Tax Policy

Post by Number Six »

Thanks for sharing your experience.

For me this is just another shocking reality of how the privileged have shielded themselves from taxation.

There's another article in the NY Times today on the inheritance loophole. I don't want to start another thread, but thought it was of note with regard to tax policy.

https://www.nytimes.com/2021/09/24/opin ... phole.html
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)