Tax Law

Recent Posts

A Grown-Up Conversation About Corporate Tax
Posted on 27 Feb 2012 by Martin A. Sullivan

Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now have public relations problems because the press has put a spotlight on their use of offshore... 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

Value Added Tax (VAT) Fundamentals, How VAT Principles Work in Practice, and Prospects for a VAT Regime in the U.S.
Posted on 1 Oct 2010 by Robert Goulder

On this edition, Bob Goulder discusses the essential elements of Value Added Taxation (VAT), and why the introduction of a VAT is being considered by Congress. Mr. Goulder examines how VAT principles are applied in the vast majority of industrialized... Read More

A Grown-Up Conversation About Corporate Tax
Posted on 27 Feb 2012 by Martin A. Sullivan

Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now have public relations problems because the press has put a spotlight on their use of offshore... Read More

VAT vs. The Bag Lady
Posted on 14 May 2010 by VAT Bastard

Some readers argue passionately against a Value Added Tax (VAT) on the grounds it flunks what they call the "Bag Lady Test." I'm guessing many of you haven't heard of the Bag Lady Test. It's not something they teach in LLM tax programs... Read More

Heretic! Apostate! "So-Called" VAT Lover!
Posted on 29 Oct 2010 by Tax Analysts Editorial Staff

Pity the lost soul of Mitch Daniels. Long a paragon of virtue and morality, he has strayed from the True Faith. In a recent speech to conservative bigwigs , Daniels suggested that a value-added tax, coupled with a flat-rate income tax, might be a reasonable... 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

Twelve Steps to Tax Reform
Posted on 11 Jan 2011 by Martin A. Sullivan

. . . . (1) Get conservatives to recognize tax expenditures as government spending. Relabel "tax expenditures." Call them "tax earmarks." . . . (2) Get conservatives to recognize base broadening as an alternative to a VAT. .... Read More

VAT: Touching the Ultimate Third Rail
Posted on 19 Apr 2010 by Peter Miller

As the U.S. is virtually the only industrializad nation without a value-added tax, the VAT is viewed largely by American citizens as an abstraction... at least for now. But wait until it becomes part of the tax regime landscape! Sticker shock of monumental... Read More

While Japanese Business Leads on Tax Reform, American Business Wimps Out
Posted on 2 Jul 2010 by Martin A. Sullivan

... [T]he approach taken by big business in Japan ... has advocated a substantial hike in Japan's value-added tax rate (currently at 5 percent) and a substantial cut in Japan's corporate tax rate (hovering at about 40 percent). The business federation's... Read More

A Ransom Note to America
Posted on 6 May 2010 by Tax Analysts Editorial Staff

To: The Citizens of the United States of America From: The Bond Market Date: 2010 Re: Urgent Hostage Situation Dear Citizens: By now you may have noticed that you have NO FUTURE. It's gone, missing, vanished. We have seized it -- together with your... Read More

Herman Cain's 999 Plan: Stepping Stone to a VAT?
Posted on 12 Oct 2011 by VAT Bastard

GOP presidential candidate Herman Cain is promoting fundamental tax reform. Bravo! Somebody needs to do it. Like most ideas designed to appeal to Joe-the-Plumber types, Cain's proposal is charmingly simple yet fundamentally flawed. It's called... Read More

The End of the World as We Know It
Posted on 3 Sep 2010 by VAT Bastard

We recently read Roy Cordato's vivid synopsis of what a VAT would mean for the American public. His article appears on the website, The Moral Liberal . ... Cordato... offers his frank opinion on the merits of VAT..."a pernicious and insidious... Read More

Mitch Daniels Talks VAT
Posted on 12 Nov 2010 by VAT Bastard

Indiana's Republican Governor Mitch Daniels wears leather, rides a Harley-Davidson motorcycle, and once fished discarded quarters out of a toilet bowl so he could pay for a beer. (Okay, not your typical Princeton graduate, but points for originality... Read More

Japan's Debt Crisis: VAT to the Rescue
Posted on 18 Jun 2010 by VAT Bastard

Japan's economy could soon be ravished by a savage beast. This time the monster takes the form of public debt. No less a figure that Japanese Prime Minister Naoto Kan recently warned that the economy could " collapse " due to the combined... Read More

Tags: VAT