First Circuit Tells Tax Court To Look Harder For Fraudulent Transfer
The First Circuit has suggested to the Tax Court that they need to look at whether the transfer was a “fraudulent transfer”. It is a fairly complex and lawyerly argument:
Amazon and Overstock Lose To New York On Click-through Nexus
Quill, which was decided in those long ago days of yore (1992), before the internet had become pervasive, held that a state could not force a vendor to collect sales tax if there was no physical presence in the state.
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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.