Wednesday, May 11, 2011
The most unavoidable things in life, the saying goes, are death and taxes.
But that didn’t stop tax lawyer Paul Daugerdas [right, featured in The American Lawyer December 2003 cover story, Helter Shelter]and others from trying to offer wealthy clients a way out of taxes, said assistant U.S. Attorney Nanette Davis, in her closing argument Tuesday of the 10-week tax fraud trial of Daugerdas and four others.
Daugerdas, you recall, ran a lucrative tax practice at the former Dallas firm Jenkens & Gilchrist, but the firm and Daugerdas’s career imploded after he was charged with selling fraudulent tax shelters. ...
Daugerdas’ lawyer Chris C. Gair, of Jenner, noted: “Daugerdas is a tax lawyer. It’s his job to interpret the Internal Revenue Code, to advise his clients and to do his best to help those clients pay the least amount of taxes they lawfully can.”
- ABA Journal, Aggressive Tax Lawyer or Criminal? Jury to Decide re 2 Ex-Jenkens & Gilchrist Partners
- Bloomberg, Tax-Shelter Lawyers Acted in Bad Faith, Prosecutor Argues
- Forbes, Tax Shelters on Trial – BDO and Deutsche Bank Pushed Products