David LowRespected tax scholar Leonard Burman ’75 is the co-writer (with Joel Slemrod) of Taxes in America: What Everyone Needs to Know (Oxford University Press), a clear, concise explanation of how the U.S. tax system works, how it affects people and businesses, and how it might be improved. This highly accessible book, organized in a question-and-answer format, describes the intricacies of the modern tax system in an easy-to-grasp manner. The book starts with the basic definitions of taxes and then examines more complicated and controversial issues. They address such questions as: How much more tax could the IRS collect with better…
An article by Krista Giovacco at Bloomberg.com recently featured Timothy Clew ’93 and Brian Mota as founders of The Wine Trust, the only private-equity-structured wine-investment fund in the United States with a targeted amount of more than $20 million. Their firm TWT Investment Partners LP, located in Ridgefield, Connecticut, is in the process of raising some $50 million for the trust, which is “more like a private-equity fund. The money invested is basically locked up for as long as eight years, which helps managers ride out a decline.” Clew and Mota are former investment bankers. Clew told Bloomberg: “This was…