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Structured Entity Tax Credit - The government is attacking an inventive scheme involving state conservation tax attributes. The strategy works by having people set up partnerships that invest in state conservation credits. The credits are eventually burnt up and a K-1 is issued to the partners who then go ahead and take credits on his or her personal pay back. The IRS is arguing that there's really no legitimate business purpose for the partnership, memek it's the strategy fraudulent.
I feel this is without a doubt important: when politicians corrupt the people, they relieve their flexibility. It is already hard enough for camera population to obtain rid of corrupt political figures. It is very difficult for a corrupt population to do so.