It’s always fun to learn whole new layers of technology. What I’m posting about here is probably known by a lot of people, but my recent involvement in two new start-up companies has really started to have me think about the breadth and depth of data mining occurring on the Internet involving personal behavior and habits. And one of the largest harvesters of all of that personal information is Google. There are already others who cover this much better than I … Google Watch is one … however I still wanted to blog about this.
Daily Archives: July 21, 2006
Judge Rules a Tax Shelter in KPMG Case Is Legitimate
The heart of Judge Ward’s ruling was that the I.R.S.’s retroactive use of tougher Treasury Department rules in 2003 on liabilities like those in Blips was “ineffective” and “not enforceable” because it was retroactive. The Internal Revenue Code generally prohibits retroactive regulations. The I.R.S. said in 2000 that it would formally challenge Blips deductions claimed by taxpayers.
Jerrold Cohen, a lawyer in Atlanta for Mr. Nix and Mr. Patterson, said yesterday that Judge Ward’s ruling showed that “the government isn’t allowed to change the rules just because it doesn’t like the result.”
Great example of the mess that is our tax system. The Opinion (PDF).