30 December 2010

The Dutch Sandwich

The Dutch sandwich shows up in the Dilbert cartoon:

Bloomberg Businessweek explains the tax strategy: http://bit.ly/eVxk7w.

Abraham Briloff, an emeritus Professor of Accounting I hugely admire,
agrees with Dilbert and says these strategies are evil.

Judge Learned Hand says: "Anyone may so arrange his affairs that his
taxes shall be as low as possible; he is not bound to choose that
pattern which will best pay the Treasury; there is not even a
patriotic duty to increase one's taxes." In other words, if it's
legal, it's OK.

I am with Learned Hand on this one, but the debate will be


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