Partner at Founders Fund Peter Thiel participates in a panel discussion at The New York Times 2015 DealBook Conference at the Whitney Museum of American Art in New York on Nov. 3, 2015. Neilson Barnard/Getty Images for New York Times
The Internal Revenue Code should be considered a contract between citizens and the government. When Congress makes changes to the law, prior promises should rarely if ever be withdrawn or modified. The government should never subsequently punish taxpayers for arranging their transactions as allowed by the existing tax law at the time of a transaction.
Hank Adler
Author
Mr. Hank Adler is the Burra Executive Professor of Accounting at Chapman University. He was in public accounting for almost thirty-four years, the last twenty as a partner at Deloitte & Touche.
