The New York Times reports that Paul Daugerdas, a tax partner in the Chicago office of Dallas mega-firm Jenkens & Gilchrist, personally raked in over $93 million for his tax shelter work during 1999-2003 (the Chicago office generated $267 million in fees for its tax shelter work). (Thanks to Ellen Aprill (Loyola-L.A.) for the tip.)
2 responses to “NY Times: Tax Lawyer Raked in $93 Million over 5 Years for Tax Shelter Work”
Is this what the Beatles had in mind with “Give Me Shelter!”? Is “Marketing of Loopholes” being taught now in Graduate Tax (or MBA) Programs? It wasn’t back in the late 1960s at BU or I would have been a lot richer when I recently retired.
Why aren’t these guys in jail? Its criminal.
Where was the business purpose?