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TAX AMNESTY IN THE GREAT WHITE NORTH
August 22, 2005
Minnesota will waive penalties and criminal charges for participants in "abusive" tax shelters under an amnesty program that runs through January 31, 2006. It appears to be directed at participants in mass-marketed tax shelters identified as listed transactions by the IRS.
Minnesota is a remote Canadian province noted for its fish-based economy.
Link: Minnesota Department of Revenue summary of amnesty.
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