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.
Andrews & Kurth Centennial Professor
The University of Texas at Austin
Partner in Charge
Washington National Tax, Client Services, KPMG LLP