On August 15, 2011, Tax Executives Institute released a policy statement setting forth the Institute's position on contingency fee audits. The statement urges jurisdictions to renounce the use of contingency fee auditors for all types of taxes, fees, and unclaimed property audits.
The policy statement was prepared under the aegis of TEI's State and Local Tax Committee, whose chair is Linda H. Dickens of Texas Instruments Incorporated. Contributing substantially to the development of TEI's comments was Greg Potts of Wal-Mart Stores, Inc. Daniel B. De Jong, TEI Tax Counsel, serves as legal staff liaison to the State and Local Tax Committee and coordinated the preparation of TEI's policy statement.