Word: taxed
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Dates: during 1980-1989
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...years. Unless the walkout is resolved, it could postpone graduation for about 35,000 seniors and delay class promotions for most of Los Angeles' 594,000 public-school students. The teachers' cause got an apparent boost last week when Governor George Deukmejian announced that the state had an unanticipated tax windfall of $2.5 billion, as much as $228 million of which may eventually trickle down to the Los Angeles Unified School District, if the state legislature approves. No check is in the mail...
...through files and carted off more than a million documents, the company's executives were shaken but not surprised. They quickly concluded that their rivals at Los Angeles-based jeansmaker Guess, Inc., were involved, and they were right. The IRS raid and a subsequent grand-jury investigation of possible tax violations by Jordache were triggered by tips supplied by Guess to one of the most powerful IRS officials on the West Coast: Ronald Saranow, who then headed the Los Angeles office of the service's criminal-investigation division. Saranow later asked to take an unpaid leave from...
...heart of the probe are two perplexing questions. Have post-Watergate reforms designed to shield the IRS from political abuse unintentionally allowed corruption to flourish by exempting the agency from proper oversight? And is the agency, headless since Commissioner Lawrence Gibbs resigned at the height of the tax season last March, using those reforms to prevent the subcommittee from delving into the wrongdoing...
...Congress amended the IRS code, making it a felony for the agency to provide or even discuss confidential tax-return information with most outsiders, including the FBI and the Justice Department, without a federal court order. The revised Section 6103 was designed to prevent Executive Branch officials from obtaining tax information on political enemies, Richard Nixon- style. But critics maintain that the reform has turned the IRS, which is possibly the Government's most feared civilian bureaucracy, into an agency that answers...
There is certainly much to question in Saranow's handling of tax cases that the IRS brought against two rivals of Guess. In 1985 Saranow, acting on a tip from Guess, launched a criminal probe of Jeff Hamilton, Inc., a Los Angeles- based company that once made clothes under a license from Guess. A year later Saranow, again relying on information supplied by Guess, got IRS officials in New York City to begin a criminal case against Jordache. At the time, Jordache's founders, the Nakash brothers, were embroiled in a bitter dispute with the Marciano brothers, who founded Guess...