Daniel Goldberg, Carole & Hanan Sibel Research Professor of Law, was quoted in an Aug. 9 front-page New York Times article that explored how the top executives at some prestigious art institutions are living in tax-free luxury housing.
The Times said the top executives of the American Museum of Natural History, the Museum of Modern Art, and the Metropolitan Museum of Art live rent-free in multi-million-dollar Manhattan apartments owned by the institutions. But the housing benefit is also kept off the executives’ income taxes because the executives hold meetings and receptions there, thus counting them as "business premises."
The Times noted that executives with for-profit corporations seldom attempt the exclusion, and Goldberg told paper he was skeptical about the museum executives’ arrangements. "It's difficult to successfully argue one of these because they seem to stretch the purpose of the 'business premises' exclusion in the tax code," he was quoted as saying.