1/5/2024 0 Comments Download from five to nineExcept that then the consulting guys would debrief the audit guys on what they found out and, uninvited by the customer (in some cases called “the pigeon”), pony up a tax avoidance scheme for the customer and, without the customer knowing that their privacy had been violated, would say, in essence, “Hey, we’ve been thinking about your finances and we think we can save you 40 million in taxes and we will only charge you ten million in fees so you’ll come out 30 million to the good. KPMG had an auditing branch and a consulting branch and communication between them was prohibited by law. The auditing guys did what auditors do, examine the finances of an individual or company and make confidential recommendations on their fiscal soundness.Īll very confidential. The giant consulting firm of KPMG was writing tax dodge schemes and selling them-yes, selling-to “Individuals of High Net Worth.” Here’s how it worked. High end tax auditors are expensive, but according to the Government Accounting Office they bring in from five to nine dollars in taxes for every dollar they get paid in salary. That, and to hire people with the expertise and ability to go after big-time tax cheats. In reality the money will help the IRS hire people to answer the phones so citizens don’t wait for a seeming eternity to ask a question. Then, when the IRS was given $80 billion to build up the agency after years of decline the Republicans in Congress talked about an army of IRS hit men going after the little guys.
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