Tax Cheats

Number 19852
Subject Taxes
Source New York Times
State NY
Year 2002
Publication Date Jan. 17, 24, Feb. 18, March 22, April 7, 16, May 9, 11, June 20, July 10, 28, Aug. 1, 2, 17, Sept. 10, 12, 13, 26, Oct. 18, Nov. 13
Summary The Times reports on how companies and rich families use off-shore services -- such as registering in Bermuda, under the advice of Ernst & Young -- to avoid paying taxes. The stories reveal that the federal government has lost billions of dollars each year in evaded taxes. As a result of the uproar, many Republicans in Congress have broken with the party leadership and have voted to tighten the legal loophole.
Pages 56
Keywords federal contracts;Securities and Exchange Commission (SEC);offshore companies;Justice Department;tax treaties
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