Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:
In his new role [the taxpayer] became acquainted with John Glube, EWH’s Canadian attorney. Mr. Glube was the architect behind EWH, which seems to have been structured to enable its European owners to minimize taxes imposed by Canada and their home countries. * * * [The taxpayer] described Mr. Glube and his associates as “the most honorable people I have ever dealt with.” Mr. Glube was later imprisoned for embezzlement.
Harrington v. Commr., T.C. Memo 2021-95.