The Honorable David Laro J.D., LLM

Judge David Laro was appointed by President Bush to the U.S. Tax Court in November, 1992. He formerly practiced tax law in Flint and Ann Arbor, Michigan for 24 years. Judge Laro is a graduate of New York University Law School (LL.M. in Taxation 1970), the University of Illinois Law School (J.D. 1967), and the University of Michigan (B.A. 1964). He was a Regent of the University of Michigan, a member of the State Board of Education in Michigan, and Chairman of the State TenureCommission in Michigan. He was Chairman and CEO of a publically traded international company, and in 1985 co-founded Republic Bancorp, a Michigan bank holding company. He was the founder and Chairman of the Board of Republic Bank, Ann Arbor. Judge Laro teaches Business Planning at Georgetown Law School and Tax Policy at the Universityof San Diego School of Law. He also lectured at Stanford Law School on tax policy matters. Judge Laro is a frequent speaker for legal and accounting organizations and has had numerous articles published. He is the Co-Author of Business Valuation and Taxes: Procedure, Law and Perspective (2005), Second Edition in 2011, a 500 page text on tax valuation which is currently in use in various law schools around the country. At the request of the American Bar Association (CEELI), Judge Laro has contributed written comments on the Draft Laws of Ukraine and Uzbekistan. As a consultant for Harvard University (Harvard Institute for International Development) and Georgia State University, Judge Laro lectured in Moscow on the subjects of tax reform and litigation. He was a consultant on Russian Tax Reform under a project through USAID. At the invitation of the Supreme Court of Kazakhstan in 2007, Judge Laro lectured to members of the Kazakhstan Judiciary. Judge Laro lectured to members of the Russian Judiciary in Moscow in 2007-2010 and 2012. In 2006 and 2007, at the invitation of the State Tax Administration and other government officials, Judge Laro lectured in Beijing, China on economic substance. Among the noteworthy cases which Judge Laro has decided are: Simon (depreciation of antique musical instrument), Mandelbaum (lack of marketability discount), Wal-Mart (inventory shrinkage), ACM Partnership (corporate tax shelters), Bank One (derivatives).