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Famous Tax Quote #35 - Foresight and Planning


Continuing our series on Famous Tax Quotes (quotes from court opinions with language that is colorful or that concisely states an important tax principle) today's tax quote is:

We are not so naive as to believe that tax considerations played no role in Grove's planning.  But foresight and planning do not transform a non-taxable event into one that is taxable.

Grove v. Commissioner, 490 F.2d 241 (2nd Cir. 1973).

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

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