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GOVERNMENTS AROUND THE WORLDARE SCRABBLING FOR SCARCE

CORPORATE TAXES

NOBODY wants to pay taxes. No

wonder, then, that so many companies

spend so much effort trying to avoid

them. Almost every big corporate

scandal of recent years, from Enron to

Parmalat, has involved tax-dodging in

one form or another.

In the latest revelation on January 26th, Dick Thornburgh, the man appointed to look at the collapse of WorldCom, released a report

claiming that, as well as the slew of other crooked dealings of which the bankrupted

telecoms company is guilty, it also bilked the Internal Revenue Service (IRS) of hundreds of

millions of dollars in taxes through a tax shelter cooked up by KPMG, its auditor.

With a Foot in Every

Cellblock and a Hand

on Every File