You may be vigilant about paying your taxes, but apparently the big boys don't have to be. With Lehman Brothers in bankruptcy proceedings, New York City has accused the Wall Street behemoth of shortchanging the city of $627 million in taxes, thus joining a long list of creditors and making some of us wonder who's in bed with whom.
did the city get to the point where the city was looking at so many tax
years, and so much money?" said Stephen Selbst, a corporate bankruptcy
lawyer representing several
Lehman creditors. "It raises a lot of questions."