Tax Law

Recent Posts

Tax Reform? Just Don’t See It
Posted on 30 Nov 2011 by Christopher Bergin

So let me see if I have this right. If you allow the so-called Bush tax cuts to expire, which they were designed to do, it's a huge tax increase (the GOP). If you allow the temporary cut in payroll taxes to be temporary, it's a huge tax increase... Read More

Tags: tax reform

Obama's Corporate Minimum Tax
Posted on 5 Mar 2012 by Robert Goulder

President Obama has given us his framework for corporate tax reform . There's much talk about his proposed minimum tax on offshore profits. The framework is thin on details, but we're able to provide the following preview of how the tax might... Read More

Fast Track to Nowhere
Posted on 6 May 2013 by Martin A. Sullivan

Although the formal expiration of the debt limit is May 19, the ability of the Treasury Department to juggle some internal accounts is likely to extend the effective deadline until late summer . Nothing is certain, but the real deadline is likely to crop... Read More

It's Time to Stop Talking About Tax Reform
Posted on 12 Jun 2013 by LexisNexis Communities Staff

Enough already: it's time to stop talking about tax reform. Not about necessary and useful changes to the tax code - by all means, let's talk about them. But let's do away with anodyne invocations of "tax reform" as a useful shorthand... Read More

International Tax Reform and the Patent Box
Posted on 14 Aug 2015 by Deanne Morton

Patent or innovation boxes have been a part of the United Kingdom’s tax system since 2013. [1] With Congress focused on international and business tax reform, the concept of a patent or innovation box has emerged as a possible addition to the United... Read More

Tags: tax reform

The Smart Money Says Deadlock
Posted on 16 Nov 2011 by Joseph J. Thorndike

In politics, the smart money is always cynical. It bets on inertia, not change; on symbols, not substance. Hope? Progress? Suckers' bets. The smart money isn't always right, but when it comes to the so-called supercommittee, it's made a safe... Read More

Baucus, the Marketplace Fairness Act, and Tax Reform
Posted on 29 Apr 2013 by TaxAnalysts®

by jeremy Scott ... [T]he tax community is... concerned with whether Baucus's retirement will hinder or help the chances of tax reform. The answer might lie in how Democrats handled the Marketplace Fairness Act. ... It appears that Baucus, the... Read More

President Romney's Tax Reform
Posted on 18 Sep 2012 by Martin A. Sullivan

If elected president, Mitt Romney will have to make some adjustments to his tax plan. For now he is saying that he wants to lower rates across the board by 20 percent and entirely offset the cost by scaling back tax expenditures unrelated to investment... Read More

Let's Stop With the Revenue Neutrality
Posted on 25 Apr 2013 by David Brunori

For decades, most people have believed that the success of tax reform is dependent on the reform being revenue neutral. That is, whatever happens, the tax system has to raise approximately as much revenue after as it did before. Proponents of reform want... Read More

Want New Ideas? Look Outside Washington
Posted on 20 Jun 2013 by TaxAnalysts®

by Clint Stretch Except for the fact that I headed into the Deep South in June, I was lucky to get out of Washington last week. Few in Washington would dare express the views I heard from a good-sized group of young tax professionals. They were unencumbered... Read More

A Benchmark for Socialist Tax Rates
Posted on 15 Mar 2012 by Robert Goulder

You've heard it a thousand times. President Obama wants to continue the Bush-era tax cuts for households with taxable incomes under $250,000 a year, while allowing those cuts to expire for wealthier taxpayers. Were that to occur, the 33% bracket... Read More

Obama's Rate Cut: How Low Can You Go?
Posted on 23 Feb 2012 by Robert Goulder

President Obama's newly released 'framework' for corporate tax reform envisions a significant rate cut for U.S. firms. You can read the details at the President's Framework for Business Tax Reform . His basic idea is to lower the statutory... Read More

Will DOMA Issues Doom Tax Reform?
Posted on 7 May 2013 by TaxAnalysts®

by Clint Stretch The already grinding gears of immigration reform slowed again last week when Senator Patrick Leahy (D-VT) angered conservatives by suggesting that his committee extend to roughly 40,000 binational same-sex couples the same rights enjoyed... Read More

Capital Gains: The Missing Link to Tax Reform?
Posted on 3 Oct 2012 by Martin A. Sullivan

The big stir about Romney's tax plan --that if you fill in the blanks with likely revenue raisers the plan will result in tax increase for the middle class--all stems from the fact that tax breaks are not evenly spread over income categories . Proportionately... Read More

WSJ Reports Republicans Ready for Tax Hikes
Posted on 8 Nov 2011 by Martin A. Sullivan

Talk about burying the lead! In this morning's Wall Street Journal Stephen Moore reports in the 4th paragraph of an op-ed that super-committee co-chairman Jeb Henserling (R-Tex.) told him: "We have no interest in raising rates --period."... Read More

  • Blog Post: WSJ Reports Republicans Ready for Tax Hikes

    Talk about burying the lead! In this morning's Wall Street Journal Stephen Moore reports in the 4th paragraph of an op-ed that super-committee co-chairman Jeb Henserling (R-Tex.) told him: "We have no interest in raising rates --period." (Emphasis added here.) This could imply there is...
  • Blog Post: The Smart Money Says Deadlock

    In politics, the smart money is always cynical. It bets on inertia, not change; on symbols, not substance. Hope? Progress? Suckers' bets. The smart money isn't always right, but when it comes to the so-called supercommittee, it's made a safe bet. With a week to go, the panel seems unlikely...
  • Blog Post: Tax Reform? Just Don’t See It

    So let me see if I have this right. If you allow the so-called Bush tax cuts to expire, which they were designed to do, it's a huge tax increase (the GOP). If you allow the temporary cut in payroll taxes to be temporary, it's a huge tax increase (President Obama). And this stuff works, depending...
  • Blog Post: Obama's Rate Cut: How Low Can You Go?

    President Obama's newly released 'framework' for corporate tax reform envisions a significant rate cut for U.S. firms. You can read the details at the President's Framework for Business Tax Reform . His basic idea is to lower the statutory rate from 35% to 28%. He's vague on the details...
  • Blog Post: Obama's Corporate Minimum Tax

    President Obama has given us his framework for corporate tax reform . There's much talk about his proposed minimum tax on offshore profits. The framework is thin on details, but we're able to provide the following preview of how the tax might operate. The minimum tax would take the form of...
  • Blog Post: A Benchmark for Socialist Tax Rates

    You've heard it a thousand times. President Obama wants to continue the Bush-era tax cuts for households with taxable incomes under $250,000 a year, while allowing those cuts to expire for wealthier taxpayers. Were that to occur, the 33% bracket would increase to 36%, and the 35% bracket (currently...
  • Blog Post: Does America Need A Two-Page Tax Code?

    Emphatically, no. I just absolutely disagree with Fareed Zakaria on this , as I do with anyone who thinks that the measure of a tax system is the shortness of its tax code. We live in a complex and intricate world, in which transacting involves complex relationships involving the allocation of risks...
  • Blog Post: President Romney's Tax Reform

    If elected president, Mitt Romney will have to make some adjustments to his tax plan. For now he is saying that he wants to lower rates across the board by 20 percent and entirely offset the cost by scaling back tax expenditures unrelated to investment income. He wants his plan to be distributionally...
  • Blog Post: Capital Gains: The Missing Link to Tax Reform?

    The big stir about Romney's tax plan --that if you fill in the blanks with likely revenue raisers the plan will result in tax increase for the middle class--all stems from the fact that tax breaks are not evenly spread over income categories . Proportionately, the poor benefits most from the EITC...
  • Blog Post: Let's Stop With the Revenue Neutrality

    For decades, most people have believed that the success of tax reform is dependent on the reform being revenue neutral. That is, whatever happens, the tax system has to raise approximately as much revenue after as it did before. Proponents of reform want to seem pure in thought. They profess to care...
  • Blog Post: When Tax Reform Means Soaking the Rich

    Tax reform has evolved into one of the emptier platitudes of U.S. politics. Politicians support "tax reform" in the same way that they support "a strong national defense," "fiscal responsibility," and "pro-growth economic policies." It's a brave statement in...
  • Blog Post: Fast Track to Nowhere

    Although the formal expiration of the debt limit is May 19, the ability of the Treasury Department to juggle some internal accounts is likely to extend the effective deadline until late summer . Nothing is certain, but the real deadline is likely to crop up in September or even October. This sets the...
  • Blog Post: It's Time to Stop Talking About Tax Reform

    Enough already: it's time to stop talking about tax reform. Not about necessary and useful changes to the tax code - by all means, let's talk about them. But let's do away with anodyne invocations of "tax reform" as a useful shorthand for this debate. The phrase probably meant something...
  • Blog Post: Are Republicans Throwing in the Towel on Tax Reform?

    ... [I]n the modern era of divided government, tax reform is almost certainly going to be a bipartisan enterprise - or no enterprise at all. Which makes it all the more illuminating that House Republicans have floated the idea of passing a tax reform bill without help from Democrats... ... ......
  • Blog Post: International Tax Reform and the Patent Box

    Patent or innovation boxes have been a part of the United Kingdom’s tax system since 2013. [1] With Congress focused on international and business tax reform, the concept of a patent or innovation box has emerged as a possible addition to the United States’ tax regime. While there has been...