A Bit Of Ancient History Dead Sea Scrolls In Tax Court
I think I find this story irresistible because of the way it mixes the mundane and the fantastic. The Dead Sea Scrolls shared an address with what was locally known as the “toilet museum”. The image of somebody packing the Dead Sea Scrolls in a car and driving from Worcester to Manhattan to pick up a check just seems way too ordinary. Seems like there should be a couple of Mossad agents or somebody from Opus Dei involved.
John Bierwirth’s Grumman Takeover Defense Led To Pension Litigation
You have to wonder whether, in the heat of fending off a takeover attempt, it even crossed the mind of Mr. Bierwirth and the other trustees that using the pension assets for that purpose was even ethically dubious, much less something that opened them to personal liability. I remember that around that time, our firm was still doing Form 5500 for client pension funds.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.