The Metro Crash Tax Shelter

http://www.futureofcapitalism.com/2009/06/the-metro-crash-tax-shelter

It turns out that there is a tax-law angle on the fatal crash of the Washington Metro train. The Tax Prof blog had the goods on Tuesday-- "sale-leasebacks, which are purely tax-motivated transactions, may have locked Metro into using outdated and unsafe equipment"; Senator Grassley follows up today with a press release and a letter that makes reference to an unidentified "foreign bank."

by Editor  |  Jun 25, 2009 at 10:31 am Related Topics:  Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list