The complaint says the LDS Church has dodged more than $20 billion in taxes.
to the IRS set off a firestorm of debate about how The Church of Jesus Christ of Latter-day Saints stashes and spends tens of billions of dollars, is now taking his fraud allegations to the U.S. Senate.and its Subcommittee on Taxes and IRS Oversight, David A. Nielsen shares what he says is “evidence of false statements, systematic accounting fraud” and violations of tax laws and other federal statutes by Ensign Peak Advisors, the Utah-based faith’s investment arm.
Nielsen, a former money manager at Salt Lake City-based EPA, explains why he is turning to the Senate, arguing that the committee’s failure to investigate would be a disservice to law-abiding taxpayers. He asserts that his former employer has dodged more than $20 billion in taxes. “Ordinary taxpayers now see that, while they are expected to honor the tax laws, a double standard in enforcement exists with respect to a wealthy and politically connected organization such as EPA,” Nielsen states“If the IRS and [Department of Justice] do not hold EPA and its management accountable, this case will erode respect for the tax laws and criminal statutes by every American and every other entity required to pay taxes.
The church and EPA “have only recently been made aware of allegations brought forward by a former Ensign Peak employee,” church spokesperson Doug Andersen told The Salt Lake Tribune on Thursday. “We have not seen the actual documents in question; however, it appears they are dated allegations.” Andersen added: “We are always willing to work with government regulators to resolve concerns and are committed to full compliance.”It’s unclear whether the powerful
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