Tax news, tax commentary, and discussion of tax policy with emphasis on real-world consequences and issues and practical business matters. Tax analysis relating to small business, private equity, and mergers and acquisitions.
Saturday, October 19, 2013
A fairly normal enforcement decision
The always observant Felix Salmon notes yet another case in which the government (in this case the SEC) is vigorously pursuing an individual while the institution that apparently actually created the problem is left undisturbed. He suspects that the government is targeting the individual because he cannot afford to fight the case. That is unfortunately normal, and not only for the SEC. Taxpayers without very deep pockets should beware of it.
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