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Violation of tax laws

This article describes that the now bankrupt company Enron has been violating tax laws for the past 5-or 6 years, thus making sufficient revenue from tax-sheltering transactions. With the help of professional advisers and lawyers, Enron has been able to tweak the IRS laws by using about dozen techniques such as claiming the same tax loss twice. The Enron Company has not been paying federal income tax from 1996 through 1999, some tax amount in 2000 and nothing again in 2001. By using advice from sophisticated lawy...

Posted by: Leonard Herriman

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