U.S. Aims to Clamp Down on Tactic to Avoid Estate Tax

Richard Dees said a new government proposal would make it harder for taxpayers to claim valuation discounts typically used to reflect the diminished value of minority interests for estate taxation. “This is going to be a major problem for all family-owned businesses,” Mr. Dees asserted. “This all boils down to the question of whether a family business should be valued as if it’s owned by one person.”