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

• Debra S. Petersen

  Tax Counsel IV

  California Franchise Tax Board

  Rancho Cordova, CA
  Download Testimony (55k)
  
• Calvin H. Johnson

  Andrews & Kurth Centennial Professor

  The University of Texas at Austin

  Austin, Texas
  Download Testimony (41k)
  
• Mark Watson

  Former Partner

  Washington National Tax, KPMG LLP

  Washington, D.C.
  Download Testimony (62k)
  

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