KING & SPALDING & Goldman Sachs Creates "Phony Tax Deductions"
Posted in the Decatur Forum
#1 Jun 12, 2013
WASHINGTON (AP)-- A federal court in Louisiana is rejecting transactions by The Dow Chemical Co. that created $1 billion in what the U.S. Justice Department calls "phony tax deductions." Justice said Wednesday that the tax-reduction scheme was created by Goldman Sachs and the law firm of ATLANTA based 'King & Spalding'. The judge also imposed unspecified penalties. Assistant Attorney General Kathryn Keneally praised the decision, calling the tax-avoidance scheme "offensive to all taxpayers who pay their fair share."
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