“Born in Detroit, Davidson built Auburn Hills-based Guardian Industries into one of the world’s leading makers of glass, automotive and building products. He went on to own the Detroit Pistons, the WNBA’s Detroit Shock and NHL’s Tampa Bay Lightning. He died March 13, 2009, at age 86, with a net worth estimated at more than $3 billion. According to the June filing, Davidson had trusts drawn up for his wife, their children and grandchildren worth tens of millions of dollars each. But the IRS, in a notice of deficiency delivered in May, claimed $2.8 billion of underpayments in estate taxes, gift taxes, penalties and more.”

http://www.freep.com/article/20130815/NEWS06/308150025/william-davidson-estate-tax-dispute-internal-revenue-service

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy