Attention CPAs

THE HAGUE, Netherlands (AP) — A Dutch court has added a new item to the list of activities eligible for tax relief - drug running. Judges in the central city of Arnhem recently declared that a professional fisherman convicted of smuggling drugs could deduct the cost of buying and shipping hashish to the Netherlands from his income on his tax return, national daily De Telegraaf reported Tuesday. The court ruled that because he had only been convicted of drug running and not trading in drugs he could deduct the cost of buying and transporting the drugs on his tax form. That cut his tax bill to euro1.8 ($2.4 million) - a saving of euro1.5 million ($2 million).

Hat tip to T19