LETTERS TO THE EDITOR

THE PROBLEM WITH PROBLEMS WITH PPLI Richard Harris' article in the May issue, The Problems with PPLI (page 40) contains many inaccuracies and over-simplifications that require clarification. While it would be too unwieldy to counter each inaccuracy, there is a glaring error that must be corrected. The author references a two-year-old private letter ruling and revenue rulings from last year to claim