Big accounting firms send employees to work in the federal government. They sneak loopholes into laws and/or figure out loopholes during their time working for the government. Then they quit the government and return to their old job, getting huge promotions and bonuses.
The LAST thing anybody needed was a corporate tax cut in 2017. The tax rate was high because of all the loopholes. As we saw, the law didn’t fix any loopholes, because when the rate was dropped, companies suddenly had tax bills of $0.
I’m not sure how to prevent these crooked companies from doing what they are doing.
Lawyers from top accounting firms do brief stints in the Treasury Department, with the expectation of big raises when they return.
www.nytimes.com