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Thursday, March 09, 2006
Tax Shelters: Exotic or Just Plain Illegal?
They were unusual tax shelters that went by incomprehensible names like BLIPS, OPIS, BOSS and FLIP -- and they boomeranged on the companies that sold them.In February, German bank HVB Group agreed to pay $29.6 million in fines to avoid indictment for defrauding the Internal Revenue Service with abusive tax shelters that gave rich clients phony losses to reduce taxes. Read more...
posted by Charles Monat Associates at 2:24 PM
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