Getting Off the Pot: KPMG and the Business of Tax Shelters

摘要

If a novelist were to look for a good source describing the politics and pressures of working in an international accounting firm involved in designing and marketing tax shelters, a good place to start would be the section of the Minority Staff Report, discussed in detail below, on the development and approval process. One internal memo complaining of delays in bringing the BLIPS product to market notes that "the time has come to shit and get off the pot." To which someone replied, "I think it's shit OR get off the pot. I vote for shit." Presumably, in the context, this was a recommendation for not approving the BLIPS product, but KPMG LLP determined to sell the product, a tax shelter, in any case.