Keeping the Faith: The Permanent Campaign Against Tax Shelters (35Th Annual Spring Symposium and State Tax Program‪)‬

INTRODUCTION While perhaps not the most significant evidence in terms of dollars consumed, if ever there was an indication of the economic wastefulness of tax shelters and other tax motivated transactions, it is the countless hours and years that have been spent by a procession of government tax officials trying to address the tax shelter problem in a conclusive way. This is not necessarily news to those in government who have grappled with the problem of tax shelters, as suggested in the following introduction to a discussion of the issue by the staff of the Joint Committee on Taxation, prepared for the Senate Finance Committee in 2002: