How Do Accounting Giants Prepare Appropriate Tax Rules from within the Government?


This year, Mr. Harter returns to PwC.

“I fully complied with Treasury Department conflict rules by not meeting with PwC representatives,” said Mr. Despite being involved in the construction offshore tax relief Mr. Harter, after speaking to company lobbyists, said he did not remember speaking to Ms. Olson or other PwC officials on the matter.

Ms. Olson referred questions to PwC.

The 2017 tax revision included a provision that allowed some individuals to receive a 20 percent tax deduction on certain types of business income. But the law – Known as Episode 199A — largely excluded an undefined category of “brokerage services”. In 2018, lobbyists for various industries, including real estate and insurance, visited the Treasury to try to convince officials that the broker ban should not apply to them.

According to the records, on August 1, Ms. Ellis met with her former PwC colleague Mr Feuerstein and three other lobbyists for her client, the National Association of Realtors. They wanted real estate agents to qualify for the 20 percent deduction.

The meeting took place before the first draft of the proposed rules was made public, which meant that Ms. Ellis’ former PwC colleague and client had an inside tip right after the job.

When the Treasury releases its report first version A week after the proposed rules, real estate agents qualify. National Association of Realtors got a loan for victory on the website. (Final rules apply only to stock and other securities brokers.)

Ms. Ellis’ conversation with Mr. Feuerstein appeared to have been breached. a federal code of ethics Don Fox, the acting director of the Office of State Ethics during the Obama administration and a lawyer in the Republican and Democratic administrations before that, said government officials restricted meeting with their former private-sector colleagues.

Mr Fox described the meeting as inappropriate. “How this regulation was prepared will certainly be questioned,” he said. “Now there is no way to undo the stain that will be added to it.”



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