Saturday, October 28, 2017

What did you expect?

PRESIDENT DONALD TRUMP on Thursday named former Ernst & Young LLP executive David Kautter to serve as the interim head of the Internal Revenue Service after the current chief, John Koskinen, finishes his term on November 12.

[...]

Between 1999 and 2004, E&Y developed a team called Viper to devise strategies for clients making more than $10 million from having to pay U.S. taxes. The effort allowed some 200 wealthy clients to avoid taxes worth about $2 billion. Kautter took on the director-level role in 2000, a period that coincided with the Viper deals.

[...]

In 2013, E&Y paid the IRS a $123 million settlement relating to the scheme.

  The Intercept
Rather short of the $2 billion.
Kautter, who was appointed by Trump this summer to manage tax policy at the Treasury Department, did face questions about the tax avoidance scandal during his confirmation hearings that preceded the vote.
Of course. Every one of his inappropriate appointees "faced questions". They still got confirmed.
Kautter expressed regret for not preventing the scheme, telling a Senate hearing that the firm “greatly disappointed me, and I felt members of the group abused the trust that the firm had placed in them. Looking back, I should have been more active.”
Okay, then. You're good.
Following the committee vote, he was whisked through the full Senate on a voice vote just before the August recess. The objection of a single senator would have stalled, though not killed, his nomination.

[...]

“Mr. Kautter committed to me that he would maintain the highest level of ethical and professional standards if he is confirmed. [...] ” [top ranking Democrat on the committee, Sen. Ron] Wyden said, announcing his support.
...but hey, do what you want...you will anyway.

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