2009-12-02
Famous Tax Quotes includes quotations from court opinions with language that is colorful or that concisely states an important tax principle. Readers are encouraged to send suggestions for upcoming Famous Tax Quotes.
Continuing our series on Famous Tax Quotes, today's Famous Tax Quote is:
The Court has never regarded 'the simple expedient of drawing up papers' as controlling for tax purposes when the objective economic realities are to the contrary.
Frank Lyon Co. v. United States, 435 U.S. 561 (1978) (citing Comm‘r v. Tower, 327 U.S. 280, 291 (1946)
Andrew Mitchel is an international tax attorney who advises businesses and individuals with cross-border activities.
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