Fraudulent Tax Revenue Forecasts | Richard W. Rahn | Cato Institute: Commentary

Fraudulent Tax Revenue Forecasts | Richard W. Rahn | Cato Institute: Commentary: "To understand how serious this type of fraud is, think about how government officials would react if a company forecast a huge increase in revenues — and sent press releases of the forecast to the investment community, but failed to reveal that this forecast was based on the intention to double the prices for the company's products while assuming it will not reduce demand. Such actions by company officials would be considered irresponsible misrepresentation, for which they could be held legally liable."