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U. S. Tax Shelter Industry: The Role of Accountants, Lawyers and Financial Professionals, Day 1

Permanent Subcommittee on Investigations

Location: Room 216, Hart Senate Office Building

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Agenda

The Permanent Subcommittee on Investigations’ held two days of hearings, November 18 and 20, 2003,  examining the role of professional organizations like accounting firms, law firms, and financial institutions in developing, marketing and implementing tax shelters. The Subcommittee heard from tax experts, as well as representatives from accounting firms, law firms, financial institutions, and a panel of government regulators.

In conjunction with these hearings, the Subcommittee Minority Staff issued a report entitled "U.S. Tax Shelter Industry: The Role of Accountants, Lawyers, and Financial Professionals."  The Report is available via the link located at the top left corner of this webpage. 

Witnesses

Panel 1

Panel 2

  • Philip Weisner
    Partner in Charge
    Washington National Tax, Client Services, KPMG LLP
    Washington, D.C.
    Download Testimony (16k)
  • Jeffrey Eischeid
    Partner
    Personal Financial Planning, KPMG LLP
    Atlanta, Georgia
  • Lawrence DeLap
    Retired National Partner in Charge
    Dept. of Professional Practice - Tax, KPMG LLP
    San Francisco, California
  • Larry Manth
    Former West Area Partner in Charge
    Stratecon, KPMG LLP
    Los Angeles, California

Panel 3

  • Richard Berry, Jr.
    Senior Tax Partner
    PricewaterhouseCoopers
    New York, New York
    Download Testimony (13k)
  • Mark A. Weinberger
    Vice Chair
    Tax Services, Ernst & Young LLP
    Washington, D.C.
    Download Testimony (14k)
  • Richard H. Smith, Jr.
    Vice Chair, Tax Services
    KPMG LLP
    New York, New York