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Legal and environmental experts said that avoiding legal liability can be a powerful motivator.
He said business should grow "as corporations warm to the concept that liability can be transferred and that they can walk away with a strong sense of comfort.
"Third-party liability can be the biggest ticket of all," she said, adding that damage awards for injuries caused by environmental pollutants can exceed even pollution cleanup costs.
"It must be remembered that while certain conduct may appear unethical or even immoral, the only issue for our consideration is to determine whether the conduct is of such regard that criminal liability can be assessed," Mr. Soares said.
In many countries, however, inheritance taxes tend to yield insignificant amounts of revenue, largely because the tax liability can be eliminated or postponed for long periods through tax planning.
He suggested that qualified borrowers not accorded the release they seek tell their servicer or lender that unless a release of liability can be executed, the borrower will refinance the mortgage -- at another lender.
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Estimates of unfunded pension liabilities can be breathtaking.
Even potential campaign liabilities can be discussed in jovial tones.
These deals show the temptation lurking in a spinoff: liabilities can be freely attached to the company being spun off.
Elsewhere, past liabilities can be left behind by buying a company's assets and goodwill, rather than the firm itself.
Here are other categories where tax liabilities can be pared: BONDS -- Anyone who bought a bond after an interest payment paid for accrued interest as well as principal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com