Wall Street Journal: The IRS’s standard in evaluating tax shelters is whether the transaction serves a “legitimate economic purpose,” or is crafted entirely to avoid taxes. Senators Carl Levin (D., Mich.) and Norm Coleman (R., Minn.) have proposed legislation that would enshrine that doctrine in law. Speaking on the Senate floor last month, Mr. Levin … Continue reading Congress and KPMG
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed