http://taxprof.typepad.com/taxprof_blog/ A Member of the Law Professor Blogs Network en-US Fri, 10 Feb 2012 12:42:00 -0500 http://www.typepad.com/ http://taxprof.typepad.com/taxprof_blog/2012/02/the-definition.html http://taxprof.typepad.com/taxprof_blog/2012/02/the-definition.html Joint Committee on Taxation, Overview of the Definition of Income Used by the Staff of the Joint Committee on Taxation in Distributional Analyses (JCX-15-12): This document ... provides information on the definition of income used by Joint Committee staff in distributional analyses. The Joint Committee staff defines a concept, called... Congressional News Tax Paul Caron Fri, 10 Feb 2012 12:42:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/villanova-hosts-symposium.html http://taxprof.typepad.com/taxprof_blog/2012/02/villanova-hosts-symposium.html The Villanova Sports and Entertainment Law Journal hosts a symposium today on Moneyball's Impact on Business & Sports: Billy Beane (Vice President and General Manager, Oakland Athletics) Phil Griffin (President, MSNBC) Omar Minaya (Senior Vice President of Baseball Operations, San Diego Padres) Jeffrey Moorad (Vice Chairman and CEO, San Diego... Conferences Legal Education Tax Paul Caron Fri, 10 Feb 2012 08:06:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/from.html http://taxprof.typepad.com/taxprof_blog/2012/02/from.html In celebration of the 40th anniversary of the publication of its inaugural issue, Tax Notes is re-publishing memorable articles from its archives. Here is a memorable article by tax legend Stanley Surrey, Federal Estate and Gift Taxes: The Need for Reform, 134 Tax Notes 681 (Feb. 6, 2012): In this... Scholarship Tax Tax Analysts Paul Caron Fri, 10 Feb 2012 06:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/more-on.html http://taxprof.typepad.com/taxprof_blog/2012/02/more-on.html Citizens for Tax Justice, Facebook's First Public Filing Reveals Its Plan to be a Champion Tax Dodger Citizens for Tax Justice, Putting a Face(book) on the Corporate Stock Option Tax Loophole Christine Hurt (Illinois), Tax Consequences of Facebook's IPO: Zuckerberg's Stock, Stock Optons and RSU's Prior TaxProf Blog posts: Tax... Tax Paul Caron Fri, 10 Feb 2012 00:22:27 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/cooter-siegel-.html http://taxprof.typepad.com/taxprof_blog/2012/02/cooter-siegel-.html Robert D. Cooter (UC-Berkeley) & Neil Siegel (Duke), Not the Power to Destroy: A Theory of the Tax Power for a Court that Limits the Commerce Power: Article I, Section 8 of the U.S. Constitution explicitly gives Congress the power to regulate interstate commerce. Effective regulations often attach penalties to... Scholarship Tax Paul Caron Fri, 10 Feb 2012 00:05:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/kysar-presents.html http://taxprof.typepad.com/taxprof_blog/2012/02/kysar-presents.html Rebecca Kysar (Brooklyn) presents On the Constitutionality of Tax Treaties at Northwestern today as part of its Advanced Topics in Taxation Colloquium Series: Taxes, as we learned in grade school, kindled the American Revolution. Revolt against collecting revenues without representation caused a tea party, propelling the colonies towards convening the... Colloquia Scholarship Tax Paul Caron Thu, 09 Feb 2012 16:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/zelenak.html http://taxprof.typepad.com/taxprof_blog/2012/02/zelenak.html Lawrence Zelenak (Duke) presents Choosing Between Tax and Non-Tax Delivery Mechanisms for Health Insurance Subsidies at Boston College today as part of its Tax Policy Workshop Series hosted by Jim Repetti and Diana Ring: Two companion provisions of the 2010 health care reform legislation provide subsidies (beginning in 2014)for low-... Colloquia Scholarship Tax Paul Caron Thu, 09 Feb 2012 15:41:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/shanske-presents.html http://taxprof.typepad.com/taxprof_blog/2012/02/shanske-presents.html Darien Shanske (UC-Hastings) presents A New Theory of the State Corporate Income Tax: The State Corporate Income Tax as Retails Sales Tax Complement at Indiana-Bloomington today as part of its Tax Policy Colloquium Series hosted by Ajay Mehrotra: [P]rogressive politics in the early twentieth century resulted in the [corporate income... Colloquia Scholarship Tax Paul Caron Thu, 09 Feb 2012 15:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/fleischer.html http://taxprof.typepad.com/taxprof_blog/2012/02/fleischer.html Victor Fleischer (Colorado) presents Tax and the Boundaries of the Firm at Pennsylvania today as part of its Center for Tax Law and Policy Speaker Series convened by Chris Sanchirico and Reed Shuldiner: How does tax policy affect the behavior of corporations? In the midst of national debates about the... Colloquia Scholarship Tax Paul Caron Thu, 09 Feb 2012 14:30:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/special-counsel-.html http://taxprof.typepad.com/taxprof_blog/2012/02/special-counsel-.html U.S. Office of Special Counsel press release (Feb. 8, 2012): Special Counsel Carolyn Lerner announced a settlement between the IRS and an IRS employee, Charles Adelberg, who blew the whistle on alleged gross mismanagement of an IRS contractor and subsequently was suspended for two weeks without pay. The employee believed... IRS News Tax Paul Caron Thu, 09 Feb 2012 13:09:32 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/11th-circuit.html http://taxprof.typepad.com/taxprof_blog/2012/02/11th-circuit.html The 11th Circuit yesterday reversed a sharply divided Tax Court (135 T.C. 557 (2010) and held that the § 107 parsonage allowance applies to only one home. Christian singer Phil Driscoll and his wife had claimed parsonage allowances on both their principal residence and a vacation home in these amounts:... Tax Paul Caron Thu, 09 Feb 2012 09:32:57 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/the-zuckerberg-tax.html http://taxprof.typepad.com/taxprof_blog/2012/02/the-zuckerberg-tax.html New York Times op-ed, The Zuckerberg Tax, by David S. Miller (Cadwalader, New York): When Facebook goes public later this year, Mark Zuckerberg plans to exercise stock options worth $5 billion of the $28 billion that his ownership stake will be worth. The $5 billion he will receive upon exercising... About This Blog Tax Paul Caron Thu, 09 Feb 2012 06:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/gerzog-deductibility.html http://taxprof.typepad.com/taxprof_blog/2012/02/gerzog-deductibility.html Wendy C. Gerzog (Baltimore), Boomer-Ang Eldercare: Deductible Claim?, 134 Tax Notes 595 (Jan. 30, 2012): In this article, Gerzog discusses Estate of Olivo [T.C. Memo. 2011-163], in which the Tax Court determined the deductibility under section 2053 of a claim against the decedent’s estate for eldercare services provided by a... Scholarship Tax Paul Caron Thu, 09 Feb 2012 05:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/7th-circuit.html http://taxprof.typepad.com/taxprof_blog/2012/02/7th-circuit.html The Sevent Circuit yesterday affirmed the Tax Court (135 T.C. 471 (2010)) and held that a married couple could not claim a charitable contribution deduction for a house that they donated to a local fire department for training purposes because they failed to prove that the fair market value of... Tax Paul Caron Thu, 09 Feb 2012 00:57:14 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/blank.html http://taxprof.typepad.com/taxprof_blog/2012/02/blank.html Joshua Blank (NYU) presents Corporate Tax Abuse in the Supreme Court (with Nancy Staudt (USC)) at the NYU Alumni Tax Luncheon in Los Angeles (Beverly Hills Hotel): Corporate tax advisors often wish to minimize a corporation’s tax liability but want to do so without creating the risk that a court... Colloquia Scholarship Tax Paul Caron Wed, 08 Feb 2012 16:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/raskol.html http://taxprof.typepad.com/taxprof_blog/2012/02/raskol.html Alex Raskolnikov (Columbia) presents Accepting the Limits of Tax Law and Economics at Duke today as part of its Tax Policy Seminar hosted by Lawrence A. Zelenak: This Article explores the limits of tax law and economics. The inquiry is comparative. The Article argues that outside of the tax context... Colloquia Scholarship Tax Paul Caron Wed, 08 Feb 2012 15:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/cummings-presents.html http://taxprof.typepad.com/taxprof_blog/2012/02/cummings-presents.html Jasper L. Cummings, Jr. (Alston & Bird, Durham, NC) presented The Supreme Court's Federal Tax Jurisprudence: An Analysis of Fact Finding Methods and Statutory Interpretation from the Court's Tax Opinions, 1801-Present (ABA, 2010) 222 Years of the Supreme Court, the Constitution, and Federal Tax, 133 Tax Notes 1151 (Nov. 28,... Colloquia Scholarship Tax Paul Caron Wed, 08 Feb 2012 14:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/treasury-department.html http://taxprof.typepad.com/taxprof_blog/2012/02/treasury-department.html IR 2012-15 (Feb. 8, 2012): The Treasury Department and the IRS today issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act (FATCA).Enacted by Congress in 2010, the law targets non-compliance by U.S. taxpayers using foreign accounts. The regulations lay out a step-by-step process... IRS News Tax Paul Caron Wed, 08 Feb 2012 13:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/johnston.html http://taxprof.typepad.com/taxprof_blog/2012/02/johnston.html Reuters, How Romney Would Tax Us, by David Cay Johnston: The Republican frontrunner’s 160-page plan for jobs and economic growth, which he released in September, contains some sound ideas. He would encourage more Americans to save and invest. And one of his proposals would strengthen America’s status as a technological... Political News Tax Paul Caron Wed, 08 Feb 2012 06:14:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/house-holds-.html http://taxprof.typepad.com/taxprof_blog/2012/02/house-holds-.html The House Ways & Means Committee holds a hearing today on The Interaction of Tax and Financial Accounting on Tax Reform: The hearing will consider how public companies evaluate tax policy options in light of financial accounting considerations. It will examine whether tax legislation works as intended when Congress fails... Congressional News Tax Paul Caron Wed, 08 Feb 2012 05:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/bartlett-.html http://taxprof.typepad.com/taxprof_blog/2012/02/bartlett-.html New York Times, Tilting the Budget Process to the GOP, by Bruce Bartlett: The House of Representatives voted last week to tilt the budgetary process in favor of the Republican economic agenda. On Feb. 3, the House passed H.R. 3582, the Pro-Growth Budgeting Act of 2012. Innocuous on the surface,... Tax Paul Caron Wed, 08 Feb 2012 03:55:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/npr-we-.html http://taxprof.typepad.com/taxprof_blog/2012/02/npr-we-.html NPR Ombudsman, Reporting On Romney's Taxes: Economics, History And Morality: Is Mitt Romney being treated unfairly in the coverage of the taxes he pays? Hardly. Some might find it rich even to raise the question, but many NPR listeners have, and it is journalistically and intellectually a valid question. ...... Political News Tax Paul Caron Wed, 08 Feb 2012 03:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/morse-presents.html http://taxprof.typepad.com/taxprof_blog/2012/02/morse-presents.html Susan Morse (UC-Hastings) presents Worldwide Corporate Income Tax Consolidation and a Corporate Offshore Excise Tax at Toronto today as part of its James Hausman Tax Law and Policy Workshop Series: The jurisdictional tussle of international tax reform necessarily involves some countries influencing others’ tax policy choices, and accordingly U.S. international... Colloquia Scholarship Tax Paul Caron Tue, 07 Feb 2012 16:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/yale-presents.html http://taxprof.typepad.com/taxprof_blog/2012/02/yale-presents.html Ethan Yale (Virginia) presented Defining “Partnership” for Federal Tax Purposes, 131 Tax Notes 589 (May 9, 2011), at Northwestern as part of its Advanced Topics in Taxation Colloquium Series: This report examines the case law and statutory history of the terms ‘‘partner’’ and ‘‘partnership,’’ including the seminal Supreme Court cases... Colloquia Scholarship Tax Paul Caron Tue, 07 Feb 2012 15:58:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/flescher-presents-.html http://taxprof.typepad.com/taxprof_blog/2012/02/flescher-presents-.html Victor Fleischer (Colorado) presents Tax and the Boundaries of the Firm at NYU today as part of its Colloquium Series on Tax Policy and Public Finance convened by Daniel Shaviro (NYU): How does tax policy affect the behavior of corporations? In the midst of national debates about the corporate tax... Colloquia Scholarship Tax Paul Caron Tue, 07 Feb 2012 14:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/ny-ag.html http://taxprof.typepad.com/taxprof_blog/2012/02/ny-ag.html New York Times, Drawing Fire, Deal Gives Agency Staff Power to See State Workers’ Tax Files: Lawmakers and labor unions on Monday pointedly criticized a secret decision by Gov. Andrew M. Cuomo’s administration to greatly expand the state inspector general’s access to tax returns filed by state employees. The State... Tax Paul Caron Tue, 07 Feb 2012 13:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/2011-national.html http://taxprof.typepad.com/taxprof_blog/2012/02/2011-national.html Here are the results of the 2012 National Tax Moot Court Competition sponsored by the Florida Bar Tax Section: Charleston (Britni Mccarson and Mary Abraham, right) Florida LSU Stetson Best Brief: Loyola-Chicago (runner-up: New England) Best Oralist: Mary Abraham (Charleston) Legal Education Tax Paul Caron Tue, 07 Feb 2012 09:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/lexisnexis.html http://taxprof.typepad.com/taxprof_blog/2012/02/lexisnexis.html On behalf of LexisNexis and the Graduate Tax Series Board of Editors (Ellen Aprill (Loyola-L.A.), Elliott Manning (Miami), Philip Postlewaite (Northwestern) & David Richardson (Florida)), I am delighted to announce the publication of Taxation and Business Planning for Real Estate Transactions, by Bradley Borden (Brooklyn) The Graduate Tax Series is... Book Club Scholarship Tax Paul Caron Tue, 07 Feb 2012 06:54:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/deductibility-.html http://taxprof.typepad.com/taxprof_blog/2012/02/deductibility-.html Freakonomics, Are Pirate Ransoms Tax-Deductible?: According to the IRS, the answer is yes, since kidnapping ransom qualifies as theft, along with blackmail, embezzlement, and extortion. You must, however, show proof of your loss. So make sure to get a receipt, or file a police report. A recent court order in... Tax Paul Caron Tue, 07 Feb 2012 05:41:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/tax-foundation-video.html http://taxprof.typepad.com/taxprof_blog/2012/02/tax-foundation-video.html The Tax Foundation has released its third tax video: U.S. companies pay among the highest corporate tax rates in the world, even after accounting for all deductions and loopholes, according to a new video produced by the Tax Foundation. This explanation of “effective” tax rates for corporations, based on recent... Tax Think Tank Reports Paul Caron Tue, 07 Feb 2012 03:02:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/zelenak-presents-.html http://taxprof.typepad.com/taxprof_blog/2012/02/zelenak-presents-.html Lawrence Zelenak (Duke) presented The Federal Income Tax in Popular Culture at Iowa on Friday as part of its Faculty Speaker Series: Since the federal income tax became a mass tax during World War II, it has played a significant role in popular culture. For example, the income tax has... Colloquia Scholarship Tax Paul Caron Mon, 06 Feb 2012 16:05:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/did-taxes.html http://taxprof.typepad.com/taxprof_blog/2012/02/did-taxes.html Joe Kristan, Could Someone Have Tax Problems Big Enough to Walk Away From $14 Million?: That’s one explanation for a weird story where a New York lawyer acting on behalf of holder of a winning lottery ticket purchased at a Des Moines convenience store let the ticket expire rather than... Celebrity Tax Lore Tax Paul Caron Mon, 06 Feb 2012 15:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/emily-parker-.html http://taxprof.typepad.com/taxprof_blog/2012/02/emily-parker-.html Thompson & Knight, a global law firm with over 350 attorneys, has named Emily A. Parker, a tax partner based in Dallas, the firm's managing partner, effective February 15. She was the firm's first female attorney and will be the firm's first managing partner. From the firm's press release: From... Tax Paul Caron Mon, 06 Feb 2012 14:30:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/buchanan-is-it.html http://taxprof.typepad.com/taxprof_blog/2012/02/buchanan-is-it.html Neil H. Buchanan (George Washington), Is It Possible to Have a Productive Discussion About Taxes?: I have done a lot of writing about taxes, and especially about distributive justice, over the years. One of the most frustrating aspects of the never-ending tax debates is the profound level of dishonesty among... Tax Paul Caron Mon, 06 Feb 2012 13:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/jk-harris.html http://taxprof.typepad.com/taxprof_blog/2012/02/jk-harris.html Consumer Affairs, JK Harris Suspends Operations, Prepares to Liquidate: Tax-Preparation Firm Swamped by Consumer Complaints, Lawsuits: Tax representation firm JK Harris & Co. has suspended operations, sent its employees home and is reported to be preparing to liquidate its assets. The firm, the subject of hundreds of complaints to ConsumerAffairs.com... Tax Paul Caron Mon, 06 Feb 2012 12:16:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/tax-aspects.html http://taxprof.typepad.com/taxprof_blog/2012/02/tax-aspects.html Gregg D. Polsky (North Carolina), Zuckerberg and Taxes: Today's Times includes an article that describes how Facebook will recognize a huge tax benefit when Mark Zuckerberg exercises some options later this year in advance of the company's IPO. When the options are exercised, the company gets a deduction equal to... Tax Paul Caron Mon, 06 Feb 2012 07:48:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/call-for-.html http://taxprof.typepad.com/taxprof_blog/2012/02/call-for-.html The Michigan Law Review is soliciting book reviews for its 2013 Survey of Books Related to the Law: The Michigan Law Review publishes an Annual Survey of Books dedicated to book reviews. Book reviews are not included in any other issue of the Michigan Law Review. The Survey includes reviews... Legal Education Scholarship Tax Paul Caron Mon, 06 Feb 2012 06:45:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/sullivan-.html http://taxprof.typepad.com/taxprof_blog/2012/02/sullivan-.html Martin A. Sullivan (Tax Analysts), Say Bye-Bye to Reform: Obama Becomes Clinton, 134 Tax Notes 631 (Feb. 6, 2012): In economic analysis, Martin A. Sullivan discusses the similarities between the tax programs of the Obama and Clinton administrations and argues that President Obama is not committed to tax reform.... It... Scholarship Tax Tax Analysts Paul Caron Mon, 06 Feb 2012 06:33:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/taxprof.html http://taxprof.typepad.com/taxprof_blog/2012/02/taxprof.html Saturday: PBS: What Do Tax Rates' Ups and Downs Mean for Economic Growth? Law School Offers Free 7th Semester If Students Postpone Taking July Bar Exam Law Schools Shrink Part-Time Programs After U.S. News Closed Rankings Loophole Monahan: Fairness v. Welfare in Health Insurance Regulation Sunday: NY Times: The Man... Legal Education Tax Weekend Roundup Paul Caron Mon, 06 Feb 2012 01:08:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/ny-private-.html http://taxprof.typepad.com/taxprof_blog/2012/02/ny-private-.html New York Times, At 102%, His Tax Rate Takes the Cake, by James B. Stewart: James Ross, 58, is a founder and managing member of Rossrock, a Manhattan-based private investment firm that focuses on commercial real estate and distressed commercial mortgages. “I realize I am very fortunate, and in fact... Tax Paul Caron Sun, 05 Feb 2012 12:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/top-5.html http://taxprof.typepad.com/taxprof_blog/2012/02/top-5.html There is quite a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with new papers debuting on the list at #3 and #5: 1. [601 Downloads] Offshore Accounts: Insider’s Summary of FATCA and its Potential Future, by J. Richard (Dick) Harvey (Villanova) 2.... Scholarship Tax Top 5 Downloads Paul Caron Sun, 05 Feb 2012 09:38:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/wsj-the-tax.html http://taxprof.typepad.com/taxprof_blog/2012/02/wsj-the-tax.html Following up on my prior posts (links below): Wall Street Journal Tax Report, Frequent-Flier Tax Traps, by Laura Saunders: The tax treatment of frequent-flier miles is at center stage following the disclosure that thousands of Citibank customers received notices in January that miles they received for opening new accounts last... IRS News Tax Paul Caron Sun, 05 Feb 2012 06:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/bill-proposed.html http://taxprof.typepad.com/taxprof_blog/2012/02/bill-proposed.html Following up on my prior post, Newt Gingrich Used 'John Edwards Sub S Tax Shelter' to Save $50k in Medicare Taxes (Jan. 23, 2012): Rep. Pete Stark (D-CA), the ranking Democratic member of the House Ways and Means Health Subcommittee, has introduced H.R. 3840, the Narrowing Exceptions for Withholding Taxes... Tax Paul Caron Sun, 05 Feb 2012 05:12:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/pbs-.html http://taxprof.typepad.com/taxprof_blog/2012/02/pbs-.html Watch What Do Tax Rates' Ups and Downs Mean for Economic Growth? on PBS. See more from PBS NewsHour. Tax Paul Caron Sat, 04 Feb 2012 14:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/monahan-.html http://taxprof.typepad.com/taxprof_blog/2012/02/monahan-.html Amy B. Monahan (Minnesota), Fairness Versus Welfare in Health Insurance Content Regulation, 2012 U. Ill. L. Rev. 139: Regulating the content of health insurance contracts, where the government determines which medical treatments and services must be covered, creates tension between principles of fairness and principles of welfare economics. Principles of... Scholarship Tax Paul Caron Sat, 04 Feb 2012 00:15:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/grinberg.html http://taxprof.typepad.com/taxprof_blog/2012/02/grinberg.html Itai Grinberg (Georgetown), Beyond FATCA: An Evolutionary Moment for the International Tax System: The international tax system is in the midst of a novel contest between information reporting and anonymous withholding models for ensuring that states have the ability to tax offshore accounts. At stake is the extent of many... Scholarship Tax Paul Caron Fri, 03 Feb 2012 16:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/corporate-tax-revenues.html http://taxprof.typepad.com/taxprof_blog/2012/02/corporate-tax-revenues.html Wall Street Journal, With Tax Break, Corporate Rate Is Lowest in Decades: U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level... Tax Paul Caron Fri, 03 Feb 2012 15:05:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/maule-the-.html http://taxprof.typepad.com/taxprof_blog/2012/02/maule-the-.html Following up on my prior posts (here and here): Jim Maule (Villanova), The Frequent Flyer Flap: Is a taxpayer required to include in gross income the value of frequent flyer miles received from a bank for opening an account? The story triggering the question broke last week. Citibank, which transfers... Tax Paul Caron Fri, 03 Feb 2012 14:59:05 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/plecnik-abolish-.html http://taxprof.typepad.com/taxprof_blog/2012/02/plecnik-abolish-.html John T. Plecnik (Cleveland State), Abolish the Inflation Tax on the Poor & Middle Class, 29 Quinnipiac L. Rev. 925 (2011). Inflation erodes the purchasing power of money and distorts some income tax liabilities upward, which in turn discourages savings and investment. When inflation is caused by the central bank... Scholarship Tax Paul Caron Fri, 03 Feb 2012 14:00:00 -0500 http://taxprof.typepad.com/taxprof_blog/2012/02/haneman-.html http://taxprof.typepad.com/taxprof_blog/2012/02/haneman-.html Victoria J. Haneman (La Verne), Changing the Estate Planning Malpractice Landscape: Applying the Constructive Trust to Cure Testamentary Mistake, 80 UMKC L. Rev. 91 (2011): A statistical compilation of malpractice claims released by the ABA in 2008 demonstrates that estate planning cases constitute almost 10% of all actions filed. An... Scholarship Tax Paul Caron Fri, 03 Feb 2012 13:00:00 -0500