SUPERRICH TAX CHEATS….Dramatic tax cuts for the superrich just aren’t enough. They want more!
So many superrich Americans evade taxes using offshore accounts that law enforcement cannot control the growing misconduct, according to a Senate report that provides the most detailed look ever at high-level tax schemes.
….?We need to significantly strengthen the aiding and abetting statutes to get at the lawyers and accountants and other advisers who enable this cheating,? Senator [Carl] Levin said, adding that ?we need major changes in law to stop the use of tax havens? by tax cheats.
Better statutes and more auditors would help, as would appointment of judges who don’t turn themselves into pretzels to find reasons to approve of convoluted tax avoidance schemes. (“The money changed hands for two and a half minutes? Sounds like a genuinely risky investment to me, not a sham transaction. Case dismissed!”)
There is, literally, no non-laughable argument for not cracking down on this stuff. But will a mere sense of shame be enough to procure the votes of half a dozen Republicans? Recent history is not kind to the notion, but we’ll see.