Grassley Praises Continued Crackdown on Bogus Leasing Tax Shelters
M E M O R A N D U M
To: Reporters and Editors
Re: Leasing tax shelters
Da: Friday, Feb. 11, 2005
Sen. Chuck Grassley, chairman of the Committee on Finance, today made the followingcomment on the Treasury Department’s action to target “sale-in and lease-out” tax arrangements astax shelters.
“I appreciate the Treasury Department’s effort to shut down these abusive deals. Thedepartment has done a very good job of going after bogus leasing shelters since the FinanceCommittee exposed them. Today’s action complements our new law going after these deals. Itreaches back to the deals that otherwise might have gotten away. This Treasury Department has beenvery active in attacking tax shelters, and I appreciate the support it’s given to the Finance Committeein our anti-shelter efforts.”
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