Death, Taxes, and Fair Market Value

Dear Client: Few things in life are as certain as death, taxes, and tiffs over fair market value. Our follow up to Tuesday's distributor values piece inspired by a desultory conversation at a beer gathering in the South spawned even more conversation. "Harry, I submit to you that the NY law reduced the value of brands representing less than 3% of volume with the stroke of a pen because the NY law fails to adequately define fair market value. So