STATEMENT OF ASSISTANT ATTORNEY GENERAL EILEEN J. O’CONNOR REGARDING PETITION TO ENFORCE SUMMONSES ON JENKENS & GILCHRIST

The following press release was published by the US Department of Justice on Aug. 14, 2003. It is reproduced in full below.

FOR IMMEDIATE RELEASE THURSDAY, AUGUST 14, 2003 WWW.USDOJ.GOV TAX (202) 514-2007 TDD (202) 514-1888 “The integrity of our nation’s tax system requires that a transaction’s economic success not depend on the participants’ success in hiding it from the Internal Revenue Service. For this reason, the law requires that tax shelters be registered with the IRS, and that lists of those who participate in them be maintained and provided to the IRS upon request. Today’s petition seeks to enforce the law,” said Eileen J. O’Connor, Assistant Attorney General in charge of the Department’s Tax Division. 03-460

Source: US Department of Justice