Tax Law

Recent Posts

Estate Tax Repeal Movement Intensifying
Posted on 21 Jun 2013 by Patricia Tyler

Questions surrounding the future of the estate tax seem to be a constant in recent years. On June 19 th , Senator John Thune of South Dakota and Representative Kevin Brady of Texas resurrected the issues surrounding the estate tax by expressing their... Read More

Repatriation Tax Holidays and IRC Section 965
Posted on 11 Jul 2012 by LexisNexis Tax Law Community Staff

By Mary Riley * The debate over corporate tax reform has largely centered on lowering the corporate tax rate and, more radically, transitioning from a worldwide to a territorial system of international taxation. [Donald J. Marples and Jane G. Gravelle... Read More

Will Developed Countries Learn to Tax?
Posted on 6 Mar 2012 by Allison Christians

In 1963, Nicholas Kaldor published a paper in Foreign Affairs about the ongoing fiscal problems of poor countries, entitled " Will Underdeveloped Countries Learn to Tax? " It turns out Kaldor should have aimed this advice at his own country... 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

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

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

Does America Need A Two-Page Tax Code?
Posted on 27 Mar 2012 by Allison Christians

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... 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

Targeting Tax-Exempts and Tax Reform
Posted on 21 May 2013 by TaxAnalysts®

by Clint Stretch Many on Capitol Hill are currently focused on the IRS's targeting of conservative groups applying for tax-exempt status as evidence of the need for tax reform. I agree we need tax reform. I doubt how dramatic it can be, whether... Read More