This article proposes that a national congressional settlement offer, The Great Tax Settlement, be made to all taxpayers in tax shelter cases. The settlement would require the taxpayers involved to pay 50% of their tax deficiencies as calculated by the Internal Revenue Service (Service), plus interest, but without any penalties.
Creme, Nicholas J.
"The Great Tax Settlement: A Proposal To Congress,"
Akron Tax Journal: Vol. 4
, Article 6.
Available at: https://ideaexchange.uakron.edu/akrontaxjournal/vol4/iss1/6