---
product_id: 1704750
title: "Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press)"
price: "$62.10"
currency: USD
in_stock: true
category: "Hardcover"
url: https://www.desertcart.us/products/1704750-confidence-games-lawyers-accountants-and-the-tax-shelter-industry-mit
store_origin: US
region: United States of America
---

# Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press)

**Price:** $62.10
**Availability:** ✅ In Stock

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- **What is this?** Confidence Games: Lawyers, Accountants, and the Tax Shelter Industry (The MIT Press)
- **How much does it cost?** $62.10 with free shipping
- **Is it available?** Yes, in stock and ready to ship
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## Description

For ten boom-powered years at the turn of the twenty-first century, some                 of America's most prominent law and accounting firms created and marketed products                 that enabled the very rich -- including newly minted dot-com millionaires -- to                 avoid paying their fair share of taxes by claiming benefits not recognized by law.                 These abusive domestic tax shelters bore such exotic names as BOSS, BLIPS, and COBRA                 and were developed by such prestigious firms as KPMG and Ernst & Young. They                 brought in hundreds of millions of dollars in fees from clients and bilked the U.S.                 Treasury of billions in revenues before the IRS and Justice Department stepped in                 with civil penalties and criminal prosecutions. In Confidence                 Games, Tanina Rostain and Milton Regan describe the rise and fall of the                 tax shelter industry during this period, offering a riveting account of the most                 serious episode of professional misconduct in the history of the American bar.                 Rostain and Regan describe a beleaguered IRS preoccupied by attacks from antitax and                 antigovernment politicians; heightened competition for professional services; the                 relaxation of tax practitioner norms against aggressive advice; and the creation of                 complex financial instruments that made abusive shelters harder to detect. By 2004,                 the tax shelter boom was over, leaving failed firms, disgraced professionals, and                 prison sentences in its wake. Rostain and Regan's cautionary tale remains highly                 relevant today, as lawyers and accountants continue to face intense competitive                 pressure and regulators still struggle to keep pace with accelerating financial risk                 and innovation.

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*Last updated: 2026-03-05*