Monday, August 2, 2010
In this article, Johnston examines the costly implications of the Tax Court finding against Denver billionaire Philip Anschutz and his wife and calls for new rules to protect the fisc.
All Tax Analysts content is available through the LexisNexis® services. Prior TaxProf Blog coverage:
- WSJ: IRS Targets Billionaire's Variable Prepaid Forward Contract Tax Strategy (June 9, 2008)
- Johnston: Anschutz and a 21st Century Tax System (May 10, 2010)
- Tax Court Rejects Billionaire Anschutz's Use of Variable Prepaid Forward Contracts to Avoid $144m Capital Gain (July 23, 2010)
- More on the Crackdown on the Anschutz Tax Shelter (Aug. 2, 2010)