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From Gregory To Enron: The Too Perfect Theory And Tax Law, Christopher H. Hanna
From Gregory To Enron: The Too Perfect Theory And Tax Law, Christopher H. Hanna
Faculty Journal Articles and Book Chapters
Although financial writers have been using magic terms in describing tax law (and accounting reporting), do such terms and theories really have a place in the law? This Article will show that there is a connection between magic and tax law. In a sense, tax lawyers are magicians in that they are able to structure transactions in a manner to minimize taxes, in many cases, to the complete bewilderment of their clients. Tax lawyers are constantly striving to structure transactions in ways that will withstand scrutiny from both the government and the courts. Experienced and well-informed tax lawyers know, however, …