Revolving Door: Treasury And Accounting Firms

In this front-page article in The New York Times on September 20, Jesse Drucker and Danny Hakim describe what can only be seen as a major conflict of interest pattern between attorneys at major accounting firms and their service in the tax writing section of the Department of the Treasury. This has been going on for years and involves both parties. Lawyers with high rolling clients in the private sector get hired (at dramatically reduced salary) to serve in the government for months to years writing tax laws and corporate regulations that favor those same clients and then leave government to get rehired by their old firms (at much higher salaries) to advise the clients on how to take advantage of the very rules they themselves wrote.