Quote:
Originally posted by Digithead
Any body have a clue where the tax shelter mess with kpmg et al is going ?
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Welcome to the brave new world! We are moving from a self-assessment system to a self-audit system.
All the energy that used to go into planning and structuring transactions will now be fully employed making sure that all the substantive hoops and disclosure traps are covered. And as always, the controversy crowd will ultimately refine all the unanswered questions and drafting fuck-ups through years of fruitless litigation over the meaning of "economic substance."
Same as it ever was.
