THE WEBLOG OF KEVIN C. MURPHY: CONJURING POLITICAL, CINEMATIC, AND CULTURAL ARCANA SINCE 1999

The Sheltering Sky.

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"'The universe of offshore tax cheating has become so large that no one, not even the United States government, could go after all of it." A new Senate report delves into offshore tax shelter schemes by extremely wealthy individuals, ones which cost the American public billions in federal tax revenues (and which often utilized fronts based in the Isle of Man, once the long-time home of my now-deceased English grandparents.) "'We need to significantly strengthen the aiding and abetting statutes to get at the lawyers and accountants and other advisers who enable this cheating,' Senator Levin said, adding that 'we need major changes in law to stop the use of tax havens' by tax cheats."

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This page contains a single entry by KcM published on August 1, 2006 3:43 PM.

The Joke's on Heath. was the previous entry in this blog.

Estate of Confusion. is the next entry in this blog.

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