In recent months the government's tax shelter team has been working overtime. First, the firms that were the most active in helping to push abusive tax products Sidley Austin and the now-defunct Jenkens & Gilchrist settled with the government. They agreed to pay big fines but avoided criminal charges. Soon after, four current and former Ernst & Young LLP tax professionals were indicted for allegedly promoting fraudulent tax shelters.
Indictment Is Cause for Alarm for Tax Shelter Lawyers
The American Lawyer
July 23, 2007
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