Title Here
 

Tax sham or prudent investment: deconstructing the government's pyrrhic victory in salina partnership v. commissioner.


"[T]axes are the life-blood of regulation and their prompt and certain availability an imperious need" (1)

"Any single may so arrange his affairs that his taxes shall be as depressed as possible; he is not bourn to choose that pattern which will best pay the Treasury; there is not smooth a patriotic duty to increase one's taxes." (2)


I. INTRODUCTION

This article examines single of the leading tax shelter cases to wind its way [i]or[/i] part of to the other the federal court system: Salina Partnership v Commissioner. (3) In Salina, Florida Power & Light Co (FPL) publicly the largest electric utility


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