Tax Analysts®Tax Analysts®

My Subscriptions:

Press Releases

September 13, 2007
Guess What President Bush’s Top Economist Is Doing in His Spare Time? Trying to Patent a Way for Corporations to Cut Their Tax Bills
FALLS CHURCH, VA — Edward Lazear, who chairs President Bush’s Council of Economic Advisors, is trying to patent a way for corporations to minimize their tax bills, Tax Notes Today reports this morning.

The patent application by Lazear and Swiss economist Alexandre Ziegler, which was filed in October 2006 — seven months after Lazear assumed the CEA position — brought strong criticism from the tax community.

The application also flies in the face of warnings from the Treasury Department, IRS, Congress, and even the White House that the recent surge in tax strategy patents is hurting the tax system.

To read more of this exclusive story, go to the website of Tax Analysts, the non-profit publisher of Tax Notes Today, at www.taxanalysts.com.


About Tax Analysts

Tax Analysts is an influential provider of tax news and analysis for the global community. Over 150,000 tax professionals in law and accounting firms, corporations, and government agencies rely on Tax Analysts' federal, state, and international content daily. Key products include Tax Notes, Tax Notes Today, State Tax Notes, State Tax Today, Tax Notes International, and Worldwide Tax Daily. Founded in 1970 as a nonprofit organization, Tax Analysts has the industry's largest tax-dedicated correspondent staff, with more than 250 domestic and international correspondents. For more information, visit our home page.

Contact communications@tax.org

###