Enron to release tax docs
Enron agrees to provide Senate with confidential tax documents.
March 6, 2002: 7:28 p.m. ET
|
NEW YORK (CNN/Money) - The U.S. Senate Committee on Finance said Wednesday it had come to agreement with Enron Corp. to examine the bankrupt company's confidential tax records.
Enron will provide the Senate Finance Committee and the Joint Committee on Taxation with all tax information from 1985 to 2001.
In a letter, the Finance Committee said the agreement "paves the way for a thorough and comprehensive probe to determine whether Enron may have engaged in aggressive tax planning to improperly avoid paying Federal income taxes or exploited loopholes in our tax system."
The committee also said it will allow Congress and the American public to have a "clearer picture of the events surrounding Enron's demise."
But Enron will have the right to withhold any document if it decides to assert "any applicable privilege or legal objection."
The Senate must also disclose information in official reports, meetings or hearings.
The agreement takes effect Thursday and was signed by Sen. Max Baucus, chairman of the Finance Committee, Sen. Charles E Grassley, Finance Committee ranking member, Lindy L. Paull, chief of staff for the Joint Committee on Taxation and Enron CFO Raymond P. Bowen, Jr. 
|
| SPECIAL: |
|
|
|
|
|
|
RELATED STORIES
