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FRONTLINE; Tax Me If You Can

02/19/2004


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Series
FRONTLINE
Program
Tax Me If You Can
Program Number

2208K1

Series Description

Premiered January 1983 Since January 1983, FRONTLINE has served as American public television's - PBS - flagship public affairs series. Hailed upon its television broadcast debut as "the last best hope for broadcast documentaries," FRONTLINE's stature over 23 years is reaffirmed each week through incisive documentaries covering the scope and complexity of the human experience. Series release date: 1/1983

Program Description

Correspondent Hedrick Smith investigates the rampant abuse of tax shelters since the late 1990s. Through interviews with government officials, tax experts, and industry insiders, Smith uncovers an avalanche of bogus transactions created by some of America’s biggest and most-respected accounting firms, law firms, and investment banks that were then aggressively marketed to big corporations and wealthy individuals. The tax shelter was one of corporate America's biggest hidden profit centers in recent years. Shelters have become so lucrative over the past 50 years that the corporate tax rate has fallen to half its average, losing $180 billion a year. And ordinary taxpayers are footing the bill. FRONTLINE correspondent Hedrick Smith provides an inside look at how big corporations and wealthy individuals cut their taxes with intricate, hidden, and abusive tax shelters and investigates the role of blue chip accounting firms in these secret deals.

Duration

00:56:46

Asset Type

Broadcast program

Media Type

Video

Genres
Documentary
Topics
News
Public Affairs
Citation
Chicago: “FRONTLINE; Tax Me If You Can,” 02/19/2004, WGBH Media Library & Archives, accessed December 11, 2016, http://openvault.wgbh.org/catalog/V_069E9D7715A44091A9FE2AF5A2B722C4.
MLA: “FRONTLINE; Tax Me If You Can.” 02/19/2004. WGBH Media Library & Archives. Web. December 11, 2016. <http://openvault.wgbh.org/catalog/V_069E9D7715A44091A9FE2AF5A2B722C4>.
APA: FRONTLINE; Tax Me If You Can. Boston, MA: WGBH Media Library & Archives. Retrieved from http://openvault.wgbh.org/catalog/V_069E9D7715A44091A9FE2AF5A2B722C4
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