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C1 Offer of Tax Leniency The Internal Revenue Service is making an offer of leniency to firms that made and sold questionable tax shelters: come forward, pay penalties and turn over information and you may avoid criminal prosecution.
Pointing to Mr. Bass's willingness to consider the idea of revenue increases, Ben LaBolt, a spokesman for Mr. Obama's re-election campaign, used the endorsement to criticize Mr. Romney for what he said was his tax leniency toward the richest Americans.
Similar(58)
The I.R.S. is offering tax dodgers some leniency.
A tiny minority has gained from massive tax cuts and legislative leniency about where they shove their money.
Setting out a National Energy Policy suggests that companies in the energy business are uniquely important and deserving of assistance — in the form of either tax breaks or regulatory leniency — and that they should be insulated from risk.
PBGC, tax breaks, bailouts, bankruptcy leniency, poor regulation...time and time again it seems as if all I have to do to get a helping hand in this country is to form a corporation!
"They have an approximation of a plan," involving leniency from the tax department and additional finance from banks.
Opposition politicians seized on the opportunity to hold up Hoeness, who had close ties to Chancellor Angela Merkel, as an example of her government's leniency toward wealthy tax evaders.
[C1.] I.R.S. Offers Leniency in Questionable Tax Shelter Cases The Internal Revenue Service is making an unusual offer of leniency to firms that made and sold questionable tax shelters: come forward, pay penalties and turn over information and you may avoid criminal prosecution.
Constance Lowenthal, director of the World Jewish Congress's Commission for Art Recovery, who followed the case closely, said that while she was disappointed by the mishandling of the case by the United States attorney and by the leniency of the tax court, she remained hopeful that the case would have a deterrent effect over all.
They get to ensure that tax havens are treated with due leniency, all the better to hide their trillions in them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com