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Friday, June 26, 2009

When tax shelters kill

In my days as a corporate and tax lawyer, I worked on a lot of equipment leasing deals. But nobody ever got hurt.

Comments (1)

"Thus sale-leasebacks, which are purely tax-motivated transactions, may have locked Metro into using outdated and unsafe equipment and thus made this crash even more deadly than it might otherwise have been."

Metro is still trying to pin it on the woman who was desperately applying the emergency brakes before she and at least eight others died in this accident that could no longer wait to happen.

Meanwhile, the people who secured this tax-shelter are again having dinner this evening in the bosoms of whatever domestic arrangements their substantial incomes from Metro support.

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