× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Tax Shelters #301758

CBS Evening News for Monday, Feb 11, 1985
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Ralph Nader research group's analysis of economy toll on nation of legal and illegal tax shelters reported; details given.
REPORTER: Dan Rather

(DC) Tax shelter investors noted include muppeteer Jim Henson, George Lucas, Red Auerbach; all mentioned investors in Manhattan realty scheme. [Tax accountant Andrew LANG - notes perception of many regarding taxes.] [Developer Tom TRAMONT - acknowledges not paying taxes.] Govt.'s purpose in establishing tax shelters and their current diversity described; econs. involved in using historic bldgs. as shelters explained, illustrated on screen. Tax analyst Vanita Van Kaspel recalled appearing on "Hour of Power" television show to promote shelters; scenes shown. [VAN KASPEL - considers tax avoidance patriotic.] [IRS spokesperson Philip COATES - notes size of IRS (Internal Revenue Service) penalty for many investors in disallowed shelters.]

Brady, Ray;
Rather, Dan

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.