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Famous Tax Quote #17 - Taxation depends on actual events

2009-12-08

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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:

Taxation depends on actual events, not on what might have happened.

J.E. Seagram Corp, f.k.a. Seagold Vineyards Holding Corporation v. Commissioner 104 TC 75 (January 24, 1995)

Andrew Mitchel is an international tax attorney who advises businesses and individuals with cross-border activities.

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