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Taxation & Estate Planning

: TaxProf Blog

How Tax Law Caused the Washington Metro Train Wreck

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Sarah Lawsky (George Washington), The Washington Metro Crash and Tax: [T]he National Transportation Safety Board repeatedly recommended that Metro (more formally known as the Washington Metropolitan Area Transit Authority, or WMATA) retrofit or replace these older cars, but Metro refused. Why? Because ?WMATA is constrained by tax advantage leases, which...

Full post as published by TaxProf Blog on June 23, 2009 (boomark / email).

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25 Dead, 135 Injured in LA Rail Disaster

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