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US ECONOMIC POLICY /

US Tax Policy & Compliance

Changes to tax law, filing requirements, deductions, and compliance obligations affecting individual taxpayers and businesses.

10 events tracked

Latest in US Tax Policy & Compliance· Oct 21

Senate Finance Committee Chair Ron Wyden demanded that Deloitte, PwC, EY and KPMG explain their role in marketing tax shelters routed through Malta to U.S. clients. The Big Four firms face questions about whether they advised clients on structures designed to shift U.S. taxable income offshore while maintaining operational control domestically. Wyden's inquiry follows reporting on aggressive tax avoidance schemes and signals renewed congressional pressure on major accounting firms to disclose their tax planning practices. The firms have not yet responded publicly to the demand.