New @nytimes investigation: Giant accounting firms send their officials into the government, where they water down tax rules in ways that help their firms' clients. Then they return to those firms, which double their pay. @JesseDrucker @dannyhakim nytimes.com/2021/09/19/bus…
We've all heard of the revolving door. This is what happens when it goes on steroids. 
This is such a long-running, open secret in the industry that some lawyers talk about it openly. It is a big part of the reason that the tax code has become even more slanted in favor of the ultrawealthy.
This is the latest in our series on how the private sector – and especially the finance industry – has basically conquered the tax code.
Our earlier piece looked at how the IRS had stopped even bothering to audit private equity firms. nytimes.com/2021/06/12/bus…
Our earlier piece looked at how the IRS had stopped even bothering to audit private equity firms. nytimes.com/2021/06/12/bus…
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