From the Q&A session of Panel #3: Tax Reform in a Time of Crisis: Institutional Perspectives at Friday's Pepperdine/Tax Analysts Symposium on Tax Reform in a Time of Crisis:
Question: On a scale of 1-10, 1 being no damage and 10 being permanent long range damage, how much has the IRS and tax administration been damaged by the current IRS scandal? (And I would append to that the question: was it a scandal?)
Donald Korb (Partner, Sullivan & Cromwell; former IRS Chief Counsel): I think it is incredibly damaging. Frankly, I see it as one of the seeds of the next tax shelter era. ... And in terms of scandal, I don't think we really know. We have not been permitted to understand exactly what happened. So, who knows.
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