K Marx
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K Marx The Spot

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12 March 2007

What Could Possibly Go Wrong?

Privatization of government services has proven so effective in other aspects of efficient, accountable government that it was inevitable that the Bush administration would do the right thing by letting tax lawyers write some tax rules.

The Internal Revenue Service is asking tax lawyers and accountants who create tax shelters and exploit loopholes to take the lead in writing some of its new tax rules.

The pilot project represents a further expansion of the increasingly common federal government practice of asking outsiders to do more of its work, prompting academics and other critics to complain that the government is going too far.

They worry that having private lawyers and accountants draft tax rules could allow them to subtly skew them in favor of their clients.

Of course lawyers with clients would would like to take advantage of tax loopholes would never leave such loopholes open. Doing so would be putting their clients interests first, and in order to do that they would need to be following years of industry practice. It would never happen that way in real life.

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Posted by Tim W at 3/12/2007 01:10:00 AM

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