Home      Login

Abstract: 

Most companies look to their tax departments to manage their tax liabilities, coming up with appropriate tax strategies to minimize these liabilities. Enron, however, looked to its tax department to generate current financial statement net income and increase cash flows. In essence, the tax department became a profit center for the company, according to a report by the staff of the Joint Committee on Taxation, “Report of Investigation of Enron Corporation and Related Entities Regarding Federal Tax and Compensation Issues, and Policy Recommendations,” (“Report”) on which this article is based.

Keywords: 

Affiliations:  .