Outlawed tax shelter scheme blamed for lack of modern safety features
(NEWSER) - Safer cars might have saved lives in Monday's DC train crash, but a tax-dodge deal made with a bank prevented the transit authority from replacing aging stock until 2014, the Wall Street Journal reports. The National Transportation Safety Board urged the authority years ago to either replace its older cars or add safety features, but the authority said it was unable to do so under a "tax advantage" agreement in which its rolling stock was sold to a bank and leased back. More»
