TEI Urges Congress to Clarify Definition of Tax Shelter.
Tax Executive › Vol. 51 Nbr. 6, November 1999
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TEI Urges Congress to Clarify Definition of Tax Shelter.
Institute Also Comments on Code's Interest and Penalty Provisions, Encourages Supreme Court to Overturn California Interest Offset Statute
Concerns about the definition of a corporate tax shelter cannot be cavalierly dismissed, Tax Executives Institute President Charles W. Shewbridge, III recently cautioned the House Ways and Means Committee. Mr. Shewbridge represented TEI at the committee's November 10 hearing to determine the nature and scope of the perceived corporate tax shelter problem. The hearing focused on recent proposals by the staff of the Joint Committee on Taxation and the U.S. Department of Treasury to combat so-called tax shelter abuses. In his testimony before th...See the full content of this document
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