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October 13, 2008
The Devil's Dictionary of Taxation
by Billy Hamilton
Ambrose Bierce was an American journalist, short-story writer, and satirist.
October 8, 2008
Technical Objections to the Bailout
by Lee A. Sheppard
Your children should see the Dreamworks animated feature Kung Fu Panda — if they haven't already, since it has been a huge hit.
October 8, 2008
McCain Tax Simplification Plan May Find Fertile Ground in Congress
by Meg Shreve
A proposal to create an alternative, optional tax system could quickly gain support among Senate Republicans if GOP presidential nominee Sen. John McCain of Arizona wins the White House and gives the proposal a needed push, observers say.
October 8, 2008
Palin's Reimbursement Problem
by Lee A. Sheppard
We're wondering how it is possible to screw up an interview with Katie Couric.
October 2, 2008
Deleveraging the Tax Code
by Martin A. Sullivan
At the core of the current financial crisis is excess leverage.
September 22, 2008
Use and Abuse of 'Plain Meaning'
by Steve R. Johnson
This issue introduces a new column in State Tax Notes. Before we turn to the topic of this first installment, let me offer a few words about what I hope to achieve through this column
September 18, 2008
Time for a McCain Economic Stimulus Plan?
by Martin A. Sullivan
Martin A. Sullivan examines the possibility that anticipated economic indicators could shift the focus of the presidential contest toward a second stimulus plan.
September 17, 2008
Reflections on the Death of Transfer Pricing
by Lee A. Sheppard
In news analysis, Lee A. Sheppard reports on comments Edward Kleinbard, chief of staff of the Joint Committee on Taxation, made about transfer pricing at a meeting of the International Tax Institute in New York on September 16.
September 17, 2008
The Politics of Hewlett-Packard Sending Jobs Offshore
by Martin A. Sullivan
In news analysis, Martin A. Sullivan considers the political impact of Hewlett-Packard's decision to lay off over 24,000 workers.
September 15, 2008
Rising Budget Deficit — Old Story, New Urgency
by Martin A. Sullivan
In this lipstick-smeared presidential campaign, our candidates merrily sing the praises of their ambitious — and expensive — plans for building the nation's economic future.
September 2, 2008
The Loophole of Labeling a Tax Provision a Loophole
by Jeffrey A. Friedman, Michele Borens, and Charles C. Kearns
Welcome to the first installment of A Pinch of SALT.
August 6, 2008
Trust, but Verify
by David Cay Johnston
New data, not yet published by the IRS, establish beyond a doubt that America has two income tax systems, separate and unequal.
August 6, 2008
The Evolution of Proposition 13
by David R. Doerr
No one looks the same as they did 30 years ago. Neither does Proposition 13.
July 31, 2008
Putting New Energy Into Ethanol Policy
by Martin A. Sullivan
At home and abroad, bashing ethanol has become an increasingly popular sport.
July 31, 2008
What We Can Learn From the Pickens Plan
by Martin A. Sullivan
T. Boone Pickens is a nice, rich old man with good intentions.
June 23, 2008
The Price of Civilization
by David Cay Johnston
This is a new column about taxes, their role in our lives, and ways to solve the mounting problems caused by our antiquated tax system, which is fraying the social fabric and sapping our economic vitality.
June 9, 2008
Should Share Lending Affect a Prepaid Forward Contract?
by Lee A. Sheppard
It's January, and Kate Moss is trying to revive her career by spoofing herself in a cellphone service ad — "the contract you'll want to keep."
June 9, 2008
Your Government at Work on Financial Products
by Lee A. Sheppard
Lee A. Sheppard discusses two major problems with the IRS's approach to financial instruments.
June 5, 2008
Will Business Learn to Love the Carbon Tax?
by Martin A. Sullivan
Consistent with promises made during the campaign, and motivated by the need for revenue, the Obama transition team has made enactment of a cap-and-trade system for greenhouse gas emissions a top priority.
May 16, 2008
Tax Analysts Releases Briefing Book on Tax Avoidance by Wealthy Individuals and Corporations
by Martin A. Sullivan
Tax Analysts has released a briefing book for reporters and others who want to learn about how wealthy individuals and corporations avoid U.S. taxes by transferring their assets, investments, and earnings to overseas locations.
May 12, 2008
Detailed List of Candidates' Tax Proposals
by Martin A. Sullivan
We won't pretend for a moment to take much stock in campaign promises.
April 23, 2008
Housing Stimulus: A Fine Mess of Good Intentions
by Martin A. Sullivan
It's hard to know whether to laugh or cry. The taxwriting committees in Congress are coming to the rescue of the weak-kneed U.S. economy.
April 14, 2008
U.S. Multinationals Moving Jobs to Low-Tax, Low-Wage Countries
by Martin A. Sullivan
The employment patterns of U.S. multinational corporations are undergoing a major transformation.
April 7, 2008
Offshore Jobs and Taxes: Will Democrats Attack?
by Martin A. Sullivan
This year's Democratic presidential candidate is likely to propose amending the U.S. tax laws that favor foreign over domestic job creation.
March 26, 2008
Obama Releases More Tax Returns, Questions Clinton Ties to Potential Tax Shelters
by Meg Shreve
After announcing the release of his tax returns dating back to 2000, Democratic presidential candidate Sen. Barack Obama, D-Ill., on March 25 reiterated his call for Sen. Hillary Rodham Clinton, D-N.Y., to disclose her returns and answer questions about her husband's link to potential tax shelters.
March 19, 2008
IRS Has $1.2 Billion for People Who Have Not Filed a 2004 Tax Return
The IRS has announced that it has roughly $1.2 billion in unclaimed refunds for 1.3 million people who failed to file a 2004 income tax return and that taxpayers must file a 2004 tax return by April 15, 2008, to collect the money.
March 17, 2008
U.S. Multinationals Paying Less Foreign Tax
by Martin A. Sullivan
Last week we presented estimates of the shifts in profits and economic activity between the foreign sector (treated as a single aggregate) and the United States ("U.S. Multinationals Shifting Profits Out of the United States," Tax Notes, Mar. 10, 2008, p. 1078, Doc 2008-4725 or 2008 TNT 48-3).
March 11, 2008
U.S. Multinationals Shifting Profits Out of the United States
by Martin A. Sullivan
Corporate tax revenues dropped by $17.4 billion in 2004 because U.S. multinational corporations have enhanced their ability to shift profits out of the United States since 1999.
March 3, 2008
The Mouse That Roared: Liechtenstein's Tax Mess
by Randall Jackson
The tiny principality of Liechtenstein, an Alpine nation of about 35,000 nestled between Austria and Switzerland, has become the focus of a major scandal involving tax evasion in many countries and possibly billions of dollars in tax revenue.
March 3, 2008
Why Reported Effective Corporate Tax Rates Are Falling
by Martin A. Sullivan
Last week we showed that America's most profitable corporations were reporting significantly lower effective tax rates on their financial statements in recent years than they did in the late 1990s.
February 25, 2008
Reported Corporate Effective Tax Rates Down Since Late 1990s
by Martin A. Sullivan
Effective corporate tax rates, as reported to shareholders and to the Securities and Exchange Commission, play a critical role in a corporation's bottom line
February 19, 2008
A Rewarding Day With the EITC
by Joann M. Weiner
Joann M. Weiner reports on her experience as a volunteer helping low-income taxpayers in the District of Columbia prepare their income tax returns.
February 15, 2008
Black Holes, Tax Shelters, and Other Surprises — Proof by Data
by Joann M. Weiner
Tracking down tax shelter activity is a top priority of the Internal Revenue Service.
January 14, 2008
Offshore Explorations: Caribbean Hedge Funds, Part 2
by Martin A. Sullivan
Previously we reported that tax evasion by individual investors in offshore hedge funds was a relatively easy undertaking.
January 8, 2008
Offshore Explorations: Caribbean Hedge Funds, Part 1
by Martin A. Sullivan and Lee A. Sheppard
Martin A. Sullivan and Lee A. Sheppard provide an overview of investment in Caribbean hedge funds and the potential for tax evasion.