Word: birring
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...Internal Revenue would simply revise its outworn, obsolete rules and procedures. For example, present regulations allow only about 5% a year for depreciation, often far less than the actual costs of replacement in an inflationary period. A realistic policy might boost depreciation allowances to 12% or more. Actually, the BIR's whole taxing philosophy is obsolete. It measures the value of a plant or equipment by its probable life. But many machines which will last 20 years or more may become obsolete in five; like an automobile, they may lose more than half their value in the first third...
Andrews stands out from his predecessors in the BIR most notably because he is the first collector in history who is an experienced auditor and accountant. After high school in Richmond, he went to work as an office boy with Armour & Co., soon took up bookkeeping as an after-hours sideline. He passed the CPA examinations at 21, became the nation's youngest accredited accountant. After founding his own auditing firm, he later took on the additional job of Virginia State auditor. Virginia remembers him for uncovering 100 cases of corruption and fraud, sending a county clerk and five...
...Snyder said last week that he had merely wanted to "speed up" a settlement one way or the other, and "never suspected" that $30,000 of Mayock's fee would go to the party coffers. But Mayock said that his contact with Snyder was "political." And a former BIR official testified that in sending down the special ruling, General Counsel Charles Oliphant (a headliner in Tax Scandals of 1951-52) wrote on the document: "This approval applies only in this case." That seemed to make the decision not a mere speed-up but an instance of special treatment...
...went to "high-class people." The subcommittee got a list of "club" members from Charvet et Fils, then, red-faced, decided not to make the names public. ¶In 1950 Grunewald lunched with Dorothy Lamour and her husband William Howard, along with George Schoeneman and Charles Oliphant, then top BIR men. The Howards had tax troubles, but Grunewald assured the committee that he knew nothing of them. His buddies Schoeneman and Oliphant just called him up and asked, "Would you like to come along and meet the celebrities...
When Republican Senator John J. Williams touched off the scandals in the BIR, Marcelle and Olson were among the first casualties. Daniel A. Bolich, one of Nunan's top tax agents in New York, who later became Assistant Internal Revenue Commissioner, was indicted for evading $7,444 of his own income tax. But Joe Nunan, who had been the No. 1 man in the tax-collecting hierarchy, managed to duck the committee's questions, quietly became a tax attorney...