Tax Law

Recent Posts

Research and Development Tax Credits: Do IRC Sections 174 and 41 Really Matter?
Posted on 25 Oct 2011 by Joel Newman, Esq. Professor of Law, Wake Forest

I n the l ate 1940s and early 1950s, Robert Paxton McCulloch almost built a steam-powered automobile, but abandoned the project in 1954. A foreman with his company claimed that the abandonment was caused by unfavorable tax laws. Perhaps the most ironic... Read More

A New Proposal to Promote American Manufacturing
Posted on 26 Mar 2013 by Martin A. Sullivan

In recent years U.S. multinationals have restructured themselves in a manner that allows them to greatly reduce their worldwide tax bill. This restructuring has been described in detail by the OECD andil and by the Joint Committee on Taxation . In a March... Read More

Research and Development Tax Credits: Do IRC Sections 174 and 41 Really Matter?
Posted on 25 Oct 2011 by Joel Newman, Esq. Professor of Law, Wake Forest

I n the l ate 1940s and early 1950s, Robert Paxton McCulloch almost built a steam-powered automobile, but abandoned the project in 1954. A foreman with his company claimed that the abandonment was caused by unfavorable tax laws. Perhaps the most... Read More

Tax Cuts Kill Jobs, Part 2
Posted on 4 Oct 2010 by Martin A. Sullivan

In a recent post we talked about the best kept secret in Washington: supply-side effects of debt-financed tax cuts are negative. To back this up we cited a just-released CBO study and 2003 report from the Joint Committee on Taxation. Here's some additional... Read More