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December 17, 2014
The other Bush on taxes
CNN Money
In addition, he backed a rollback of a school property tax, a bigger property tax break for veterans, and a property tax exemption for child care facilities in so-called enterprise zones, according to the publication Tax Notes.
December 14, 2014
How Google and Apple Make Their Taxes Disappear
One rule makes it possible for them to make their profits invisible to the IRS merely by checking a box on their tax returns, Joseph Brothers wrote last month in the magazine Tax Notes International.
December 10, 2014
Does this Disney tax strategy go too far?
CBS News
"It's like an elaborate game, but the consequences are real," said Robert Goulder of Tax Analysts, adding that large corporations rarely get in trouble for tax evasion. "When they get in trouble it's because somebody didn't dot their I's or cross their T's."
December 8, 2014
No holiday cheer for the IRS in budget talks — Dems push for health care tax break — Democrats lead on PACs but Republicans win with those without disclosure
This is the first time the IRS has brought in a law firm to assist with the audit stage of a company to this degree, and prompted Ajay Gupta, editor of Tax Notes to write in a report on Dec. 1, “the very fact that the IRS had to call in a private law firm for help with an audit could be seen as an admission of failure on the agency's part.”
December 8, 2014
U.S. Tech Firms See Green As They Set Up Shop In Low-Tax Ireland
But if you ask someone like Bob Goulder, with the nonprofit group Tax Analysts, why these U.S. companies are in Ireland, you'll get a much shorter answer. "Because they don't have to pay a lot of tax," he says.
December 2, 2014
‘Unpatriotic Loophole’ Targeted by Obama Costs Taxpayers $2 Billion
 A study published by the magazine Tax Notes in 2010 found at least $4 billion of savings by four large inverted companies over about a decade. In all, there have been 45 inversions since the first one in 1982.
November 24, 2014
Meet the newest members of Ways and Means — More IRS emails found — The latest K Street power brokers — London's mayor U.S. tax evader?
Ajay Gupta at Tax Analysts wrote on Friday that Johnson, a dual citizen in the US and the UK, disclosed the information during an interview on the Diane Rehm Show. “Responding to a caller's question about the difficulty of renouncing U.S. citizenship, Johnson went on a tirade against the United States' ‘incredible doctrine of global taxation,’” Gupta writes. 
November 21, 2014
London’s Mayor Calls U.S. Capital-Gains Tax ‘Outrageous’
The Wall Street Journal
It’s also possible that the Mr. Johnson’s U.S. tax bill is the opening salvo in a long dispute, according to an analysis published at Tax Analysts. If Mr. Johnson didn’t file a U.S. return, says Ajay Gupta of Tax Analysts, the Internal Revenue Service could have notified him of a substitute tax return that the agency prepared using information from public records.
November 11, 2014
Death of the internet sales tax bill? — States’ tax collections still down from recession — Treasury pitches OECD on cash box alternative
Matthew R. Madara reports for Tax Analysts on the announcement at the High Technology Tax Institute in Palo Alto, Calif.: “Treasury has sent the OECD an alternative method of addressing the cash box problem that does not focus on rewriting transfer pricing rules, Robert Stack, Treasury deputy assistant secretary (international tax affairs), said November 10. ‘We are determined to put a big dent in the cash box’ because countries cannot afford large piles of untaxed income, Stack said … 
November 10, 2014
McConnell's reign worries campaign finance reformers — Choose your news
William Hoffman from Tax Analysts has the news: “The IRS has announced that it will curtail its use of civil forfeiture laws to seize the bank accounts of taxpayers not charged with a crime … will curtail its use of civil forfeiture laws to seize the bank accounts of taxpayers not charged with a crime. The move came October 23, after questions raised during reporting for a New York Times story published two days later … ”
October 27, 2014
Tax Inversions Succeed When Government Lawyers Go Private
Not everyone in the tax community favored that style of regulation. In a 2007 article in Tax Notes, columnist Lee Sheppard criticized Hicks for using an approach that “attacked an objectionable transaction in narrow and specific terms while letting near-misses have a pass.”
September 30, 2014
Apple Inc. Could Owe $8 Billion In Back Taxes To EU
International Business Times
“What’s troubling the EU is why did they get that preferential rate?” said Martin Sullivan, chief economist at Tax Analyst, a trade publication.
September 29, 2014
Apple Faces Unfavourable Precedent Over Prohibited State Aid in Ireland
International Business Times
Lee Sheppard of Tax Analysts told IBTimesUK: "Any kind of special deal for a company that does no business and has no presence in its asserted country of residence is the hallmark of a tax haven. "Indeed, this is the definition of tax haven that the European Commission suggested in its action plan on tax avoidance and evasion. What does it matter what the Europeans think? Those governments are the drivers behind the OECD base erosion initiative.
September 10, 2014
Tax friendly trusts swell under new rules
The Hill
“We’ve been building up to Windstream for quite awhile. It’s a logical progression from hotels to prisons, casinos, hospitals,” said Lee Sheppard, a columnist at Tax Analysts who has closely watched the deals. “But when you get to Windstream, now you’re talking about buried wires in the REIT itself.”
September 9, 2014
Jack Lew: Move on tax inversions in ‘very near future’
he man responsible for triggering much of that speculation is Harvard University professor Stephen Shay, who in July described a number of options in the journal Tax Notes. Shay, a former Obama adviser, appeared in a round-table discussion following Lew’s remarks, though the two did not appear to interact except for a quick handshake as Lew exited.
September 8, 2014
Treasury Secretary Says Department Will Make A Decision Soon On Preventing Corporate Inversions
BuzzFeed News
Harvard Law School Professor Stephen Shay, a former top international tax official in the Treasury Department, wrote a much-cited article in the trade journal Tax Notes outlining how the administration could greatly limit the tax benefits of inversions without Congressional action.
September 4, 2014
IRS eyes tax on Silicon Valley's free lunches
But the fact that it made the IRS priority list at all may suggest that the agency thinks the issue is low-enough hanging fruit that it justifies the investment, said Christopher Bergin, president and publisher of Tax Analysts.
August 27, 2014
How companies shrink their taxes by leaving U.S.
CNN Money
"That's complete piffle," said Lee Sheppard, contributing editor at the publisher Tax Analysts. Indeed, there are many ways to achieve tax savings when an American company decides to reincorporate in a foreign country through a process known as "inversion."
August 27, 2014
Burger King buying Tim Hortons
CNN Money
But Lee Sheppard, contributing editor of the publisher Tax Analysts, said she expects Burger King will end up using its new Canadian home to cut its tax bill.
August 26, 2014
Why Burger King’s Claims That Its Tim Hortons Deal Isn’t About Taxes Aren’t Entirely True
BuzzFeed News
This means that for Burger King’s overseas subsidiaries, having a Canadian parent company could lead to lower taxes if it is transferred to the new company, said Lee Sheppard, a contributing editor at Tax Notes.
August 25, 2014
Burger King makes run to the border in new deal to buy Canada’s Tim Horton’s
The Washington Times
"Every board and every CFO in this country right now has got a bunch of tax lawyers and accountants standing at the door of the board room saying, ‘You have to consider this. You have to positively consider this because Congress is going to close the door on it or something is going to happen. And all of your competitors are doing this,’” said Lee Sheppard, a contributing editor at Tax Analysts, a nonprofit that produces print and online publications devoted to tax policy.
August 17, 2014
Growing recognition of ‘real estate’ cuts firms’ tax bills
The Boston Globe
“Fifty years ago, when we talked about real estate, we talked about office buildings and the elevators inside of them,” said Martin Sullivan, the chief economist at Tax Analysts, a Virginia publisher of tax news and commentary. Today “all bets are off. There is no dividing line between real estate and anything else.”
August 15, 2014
Inversions: What's next? — Durbin urges another company not to move HQ overseas — TIGTA: IRS contracts put data at risk
His proposal released yesterday takes an "extremely tough" approach to one of the most popular ways inverted firms reduce their tax bills, said Lee Sheppard, contributing editor at the nonpartisan Tax Analysts.
August 14, 2014
7 things you absolutely must know about corporate taxes
CNN Money
"They have opportunities to shift profits from U.S. operations to tax havens that wholly domestic businesses do not," said Martin Sullivan, chief economist at the publisher Tax Analysts.
August 8, 2014
Fleischer sides with Obama's pen pushers on inversions — Grassley gives whistleblower rules a mixed review — Levin: IRS should stamp out inversions
 Tax Analysts’ Marty Sullivan wrote the other day that people shouldn’t count on any tax reform proposals coming out of Congress to curb inversions — and he knocked the “conventional wisdom” in the press and on Capitol Hill that “inversions occur because Congress has failed to enact tax reform." 
August 8, 2014
Obama Explores Tax-Code Weapons in Inversion-Merger Fight
The Wall Street Journal
But the White House's position was upended in part by Harvard Law School Professor Stephen Shay, a former administration official who wrote an article on July 29, 2014, for Tax Notes, an influential publication in tax circles. In it, he outlined how the administration could change the tax code to "take the tax juice out of corporation expatriations."
August 8, 2014
Officials: Corporate tax case could cost Michigan
The Washington Times
At the heart of the cases is state corporate income tax policies designed to favor local corporations at the expense of out-of-state corporations, said Amy Hamilton, a senior writer for Tax Analysts, a publication that caters to tax professionals in law and accounting firms.
August 7, 2014
How Obama Can Stop Corporate Expatriations, for Now
The New York Times
Professor Stephen E. Shay recently published an article in the journal Tax Notes, calling on the Obama administration to take unilateral action to impede the surge of tax-motivated corporate expatriations without waiting for Congress to pass new legislation. 
August 7, 2014
Treasury’s Tax Powers Could Limit Benefits of Inversions
The other approach Shay recommended in a Tax Notes article last month would stop companies from financing inversions with offshore earnings that haven’t been taxed by the U.S. Currently, Treasury allows companies to lend their offshore stockpiles to their new foreign parents.
August 7, 2014
What you need to know about Obama’s possible inversion intervention
The Washington Post
"What is the solution to inversions? There probably isn’t one in the short term. As Sullivan has pointed out before, until the political calculations change on Capitol Hill, which would require significantly more public demand, both anti-inversion and earnings stripping legislation are long shots. So those craving some kind of congressional intervention should root for major, brand-name companies (like Walgreens) to explore or propose inversions. That’s the only way voters will take notice and influence rank-and-file Republicans to actually care about the issue." Jeremy Scott 
August 7, 2014
White House Seeks Ways To Go It Alone In Keeping Companies Stateside
Lee Sheppard, contributing editor of Tax Notes says that kind of aggressive treatment by the IRS could discourage some inversions.
August 7, 2014
As U.S. firms flee to Europe, can Washington get its act together on tax reform?
The Washington Post
Things were even worse at a recent Senate hearing on the issue.  "It was pretty sad," recalled Mindy Herzfeld, a contributing editor to the trade journal Tax Notes International. "Everyone agreed you need comprehensive tax reform. And everyone also agreed you couldn't get it done. They just gave up before they started."
August 6, 2014
U.S. policymakers gird for rash of corporate expatriations
The Washington Post
No one has yet measured potential job loss from the practice, said Mindy Herzfeld, contributing editor to the trade journal Tax Notes International. Inversions typically involve relocating on paper only, with company headquarters and executives remaining in the United States.
August 5, 2014
Treasury Examining Inversion Limits Without Congress Action
Bloomberg Businessweek
In the Tax Notes article, Shay said the administration could limit inverted companies’ interest deductions against U.S. income or their ability to gain access to foreign cash without paying U.S. taxes.
August 5, 2014
Maruca: Companies should not fear OECD BEPS project — So what’s next for the IRS LB&I division? — Missouri to vote on raising taxes
The “conventional wisdom” that Congress getting tax reform done would put a stop to companies wanting to invert just doesn’t add up, Tax Analysts’ Marty Sullivan writes.
August 1, 2014
Senate clears Highway Trust Fund patch, punting the issue until May — Wyden, Hatch introduce tax refund fraud bill — A rush to REITs?
That’s what the IRS Commissioner told Tax Analysts in a sit-down interview published yesterday: "When we get done with it all, my concern is the reference point won't be back to, 'Well, see, the IRS people were right and they produced all the documents and nothing was wrong,'" Koskinen said. Instead, congressional investigators will point to details in the investigation where they couldn't get a "straight story, to some extent because there are some people who don't want a straight story," he said.
July 31, 2014
IRS chief: Republicans 'don't want this to end'
The Hill
“There are some people who don't want a straight story,” John Koskinen, the commissioner, toldTax Analysts in a new interview. “They don't want this to end.”
July 31, 2014
House Oversight Floats 15 Reforms to ‘Depoliticize’ IRS
Government Executive
In an interview with reporter William Hoffman from the nonprofit publisher Tax Analysts, Koskinen said his agency has been delivering all information the committees demanded. “The effort has been hampered by an IRS information technology infrastructure that he said averages 15 years old, and an email system that must be scoured computer by computer, with little or no central management in place.”
July 31, 2014
IRS commissioner: Even if we find those lost emails, Congress 'won't concede error' and will find something else to attack
The Washington Examiner
Investigators “won't concede error. They'll say it was worth pursuing, which it is. Whether it was worth making a federal case out of it or not is another issue," he said in an interview this week with Tax Analysts
July 28, 2014
Lew Can Use Tax Rule to Slow Inversions, Ex-Official Says
The administration can unilaterally limit inverted companies from taking interest deductions in the U.S. or from accessing their foreign cash without paying U.S. taxes, Stephen Shay said in an interview and in an article published today in Tax Notes.
July 28, 2014
Collateral damage in IRS-tea party affair — Lew: Pass anti-inversion legislation ASAP — Administration could bypass Congress on inversions
“The administration can unilaterally limit inverted companies from taking interest deductions in the U.S. or from accessing their foreign cash without paying U.S. taxes, Stephen Shay said in an interview and in an article published today in Tax Notes. … Unlike proposed legislation from the administration and congressional Democrats, Shay is focusing more on the benefits companies receive after an inversion than on limits that prevent a company from moving its legal address offshore.”
July 28, 2014
Obama Has The Power To Halt Tax Inversions In Their Tracks
And what the Tax Notes piece is saying is that there are already administrative rules in place which allow the IRS or other parts of the executive to simply say “Hey, you’re playing games here, we’ll not allow that interest for tax purposes”. 
July 26, 2014
Why are tax inversions suddenly so popular?
The San Francisco Chronicle
But today, about 75 percent of stock is held by institutions, many of which pay no tax. "Shareholder-level tax is not as much of a concern to companies," says Mindy Herzfeld, a contributing editor with Tax Analysts.
July 24, 2014
Corporations are people. So what if people were corporations?
The Washington Post
According to Martin Sullivan, the chief economist at Tax Analysts, if individuals were treated like corporations, I could set up an affiliate called “Catherine Rampell Bermuda,” have it pay my college tuition and then declare that the affiliate owns the resulting degree.
July 22, 2014
Have We Created a Two-Tiered Tax System -- One for the Powerful and One for the Rest of Us?
The problem is the IRS is hopelessly outgunned, especially when it comes to complex areas of the law where aggressive entities can marshal armies of lawyers. In 2011, partnerships held $2.3 trillion in assets and reported $69 billion in income. But Amy S. Elliot of Tax Notes reports that the field audit rate for large partnerships was 0.8 percent.
July 21, 2014
Tax inversions allow firms to avoid state taxes
USA Today
"When you invert, it makes it easy to strip income out of the U.S. and put it into a tax haven," said Martin Sullivan, chief economist at Tax Analysts, which provides analysis of tax laws and current events for tax professionals and the business community. "U.S. tax rules treat U.S. income and foreign income differently. When that is the case, the states would almost certainly lose revenue because when income is stripped out of the U.S. federal tax base, it is also being stripped out of the state tax base."
July 11, 2014
House and Senate move closer on highway bill funding - House to vote on bonus depreciation - NAM, trade groups send Congress a letter
 “In an interview with Tax Analysts, Heather Maloy, IRS Large Business and International Division commissioner, dismissed rumors that she has decided to make changes that might compromise the division's international operations. She emphasized that while change is inevitable, she wants to preserve, though maybe not expand, the line authority granted to LB&I's deputy commissioner (international) over international examiners as a result of the 2010 realignment. … Speculation that change was brewing at LB&I started when several international executives abruptly stepped down or announced their departures.”
July 9, 2014
House sets up highway bill clash with Senate — Issa to press Koskinen today — GOP’s IRS scandal coordination problems
Something’s going on at the IRS unit charged with policing the biggest U.S. companies with a wave of top officials leaving. Tax Analysts had the story of the personnel changes at the IRS Large Business and International Division first, reporting these departures and shifts: Laura Prendergast, LB&I acting deputy commissioner domestic will be replaced by Sergio Arellano; Douglas O'Donnell, LB&I assistant deputy commissioner international will step in as acting deputy commissioner international for Michael Danilack; and the resignations of Samuel Maruca, transfer pricing director, Diana Wollman, director of international strategy, and Richard McAlonan, former advance pricing and mutual agreement program director.
June 29, 2014
A Short History of the Income Tax
The Wall Street Journal
"To suggest that it (the 16th Amendment) was not lawfully ratified—or suggest that it doesn't mean what it says it means—is akin to signing up for the Flat Earth Society," says Joseph J. Thorndike, contributing editor and historian at Tax Analysts.
June 25, 2014
Capital Journal Daybreak: Lessons from the Primaries | How This Ex-Im Bank Fight Is Different | War Weariness Limits Obama’s Iraq Options
The Wall Street Journal
The corporate income tax was designed for a slower, more sedate, and more insular American economy, says tax historian Joseph Thorndike. Largely because U.S. companies are increasingly finding ways to avoid it, it is going to disappear eventually, he says.
June 23, 2014
Is the IRS Chief a Quitter?
Government Executive
 In an interview with the nonprofit publisher Tax Analysts, he called Koskinen “the right person at the right time for the job.” When he was commissioner, Gibbs added, he “did not have to deal with a partisan Congress. Certainly there were ideological differences… but in the final analysis when problems arose, they found ways to come together on a bipartisan basis and get things done.”
June 20, 2014
U.S.-Foreign Mergers Raise Calls For Tax Reforms
"They have billions and billions of dollars offshore and they're generating billions and billions more each year," says Martin Sullivan, chief economist at the nonprofit firm Tax Analysts.
June 18, 2014
Ride services, room sharing targets for taxes
USA Today
"The reason they are not fighting on taxes anymore is because they don't want two fights," said David Brunori, a public policy professor at George Washington University who analyzes tax policy. "They don't want to fight the regulatory fight and the tax fight. The tax fight is a loser in the long run," he said, predicting that legislatures or courts would eventually rule that the taxes are legitimate and must be collected.
June 17, 2014
Tax-Inversion Takeovers Deliver Market-Beating Returns: Real M&A
The Washington Post
“You’re injecting value with the tax benefits,” Martin Sullivan, chief economist at Tax Analysts in Falls Church, Virginia, said in a phone interview. “That gets reflected in the share price.”
June 16, 2014
Lois Lerner email flap inflames GOP ire in IRS tea party ruckus
Chris Bergin, publisher at the nonprofit Tax Analysts, said in an interview that he always defended the IRS because he thought they just did something “really stupid” when they singled out conservative groups. But the news over the weekend has changed his entire perspective of the controversy, he said. “These developments are disturbing. … How do you lose email? Somebody received it right? This is worrisome… and it takes a year for them to tell us?” Bergin said.
June 4, 2014
US business heads fight global tax changes
MSN Money
Martin Sullivan, chief economist at Tax Analysts, said US companies have legitimate reasons to worry about double taxation. "But what we're talking about is profits that aren't subject to any tax," said Sullivan, a former US Treasury official. Businesses are avoiding the real issue at hand, he said: "Are we going to allow profits to be shifted into tax havens where they're exempt from tax? We have to ensure that this income is taxed at least once."
May 30, 2014
Ways and Means backs second batch of tax extenders — Reps to Camp: Remove LIFO repeal — What’s happening in the states?
Tax Analysts has an article out examining a revised OECD transfer pricing discussion draft that has not been officially released to the public.
May 21, 2014
Congress Should Promptly Enact Legislation to Help Close Tax-Driven Corporate 'Inversions' Loophole
The Huffington Post
 "Over the last half decade, Pfizer has put all of its profits outside the United States despite high prices in the United States, more than 40 percent of its sales in the United States, and a heavy concentration of research in the United States," a 2013 analysis by Tax Analysts' Martin A. Sullivan noted.  
May 20, 2014
Credit Suisse pleads guilty to tax evasion, will pay $2.6B — The Senate’s back: What’s on the agenda?
So says Tax Analysts’ Tax Notes editor Jeremy Scott, who writes: “Extenders aren’t great tax policy. There’s a good case to be made that the economy and the tax code would be helped if they could simply expire permanently. But the medical device excise tax isn’t much better. For both parties to hold extenders legislation hostage over a small, poorly designed tax that was part of the hodgepodge efforts to pay for an ill-constructed healthcare law is the height of partisan lunacy in Washington.”
May 15, 2014
How to stop big companies from leaving the U.S.
Yahoo! Finance
 “More companies would do this if they could,” says Martin Sullivan, chief economist with the nonprofit publishing firm Tax Analysts. “If you have large piles of cash trapped outside the United States, you’re likely to be looking for merger partners.”
May 8, 2014
Another corporate moocher skips town
But the nonprofit Tax Analysts calculates Pfizer’s effective U.S. tax rate during those years to be closer to 15%—well below the foreign average. 
May 8, 2014
IRS prepares to crack down on private equity execs?
CNN Money
Then, IRS special counsel Cliff Warren (a onetime KKR exec) said the following during a tax-planning forum in Chicago (according to Tax Notes): The rule "is going to cover every kind of fee waived under section 707(a)(2), but obviously we'll be focusing on managed funds where that activity is common."
May 6, 2014
Overnight Finance: Yellen returns to Capitol Hill
The Hill
Now, Tax Analysts is asking whether Ways and Means broke the law by releasing that information. Republicans on the committee have said Chairman Dave Camp (R-Mich.) acted within his rights, but lawyers contacted by Tax Analysts aren’t so sure.
May 5, 2014
Analyst flails state tax codes
Bloomberg Businessweek
There is a word for how most states, including New Mexico, impose taxes, said David Brunori, a George Washington University professor and deputy publisher of Tax Analysts.That word is "stupid."
April 29, 2014
How Tax Laws Distort the Pfizer Deal
The New York Times
Martin A. Sullivan of Tax Analysts wrote last year that “although Pfizer’s shares of worldwide profits and sales have both been growing, the company’s profits are disproportionately concentrated outside the United States relative to sales.” 
April 29, 2014
The biggest tax breaks in 2014
CNN Money
Also in this group is the new premium assistance offered to low- and middle-income families under Obamacare, worth about $34 billion, according to the analysis, which was published in Tax Notes.
April 25, 2014
Investments That Elude IRS Scrutiny
The Wall Street Journal
The number of comparable corporations, however, grew only 14% for the same period—from just over 19,000 to nearly 22,000—according to an analysis of IRS data by Amy Elliott, a lawyer at Tax Analysts, a nonpartisan nonprofit in Falls Church, Va.
April 18, 2014
New Tax Bug Bites Tech Companies
The Wall Street Journal
"Everyone has payroll, but not everyone has profits," notes Martin Sullivan, chief economist of nonprofit publisher Tax Analysts.
April 10, 2014
States Pursuing Cash That U.S. Companies Stash Overseas: Taxes
Tax-haven measures may similarly spread, said Cara Griffith, editor in chief of Tax Analysts’ state and local publications.“We’re going to see more and more states look at this issue, particularly if one state can show in any respect that they got some money out of it,” she said.
April 9, 2014
There's No Bailout for Puerto Rico
Bloomberg View
All of this is a clear recipe for default: if Puerto Rico can’t repay that $70 billion in debt, then it won’t. The only alternative is a bailout -- but as Martin Sullivan explains, the US government has already extended a back-door tax-code bailout worth some $2 billion per year, and even that is both insufficient andconstitutionally dubious. A more explicit bailout is not going to happen -- not when Detroit is being left to deal with the ravages of bankruptcy on its own.
April 8, 2014
How to Cheat on Your Taxes
This week, news broke that the IRS effectively fails to audit massive partnerships, like hedge funds and private equity funds, even though corporations of the same size are under constant IRS audit. A short video, "Tax Analysts Video Examines Audit-Proof Businesses," explains how partnerships escape audits.
April 8, 2014
IRS: Law 154 levy creditable, for now
Caribbean Business
Martin Sullivan, writing in Tax Notes, said five tax experts contacted by the publication took the view that the tax was “unconstitutional or that its constitutionality was seriously in doubt.”
March 28, 2014
Caterpillar Likely to Get Republican Support on Tax Issue
The Wall Street Journal
The two Senators usually work well together, a spokesman for Sen. McCain said Thursday, but "they disagree on this one." He said Sen. McCain doesn't believe Caterpillar's tax practices are as "egregious" as Sen. Levin does. Tax Notes Today, an online publication, earlier reported that Sen. McCain was "distancing himself" from the report.
March 27, 2014
IRS Decision to Treat Virtual Currencies as Property is a Mixed Blessing
Government Technology
A merchant selling its own inventory would not be required to send you or the IRS a Form 1099 reporting the transaction, although it still could be traceable, says Lee Sheppard, a contributing editor with Tax Notes.
March 25, 2014
Buying with bitcoin gets complicated under IRS ruling
San Fransisco Chronicle
Because there is no exception in the new rules for “de minimis” or tiny transactions, “a bitcoin-cupcake transaction is subject to the same rules as if I went to a barter exchange and said I want to exchange my vacation house for that rare Ferrari,” says Lee Sheppard, a contributing editor with Tax Notes.
March 11, 2014
The real reason Bitcoin is doomed
Tax attorney Lee Sheppard argues convincingly in a recent article in Tax Notes that "Bitcoin is not a currency," despite the protestations of some supporters.
March 7, 2014
Apple pays $193m tax in Australia on $27b revenue as Federal Government vows to capture lost taxes
Yahoo! News
US tax lawyer Lee Sheppard, who specialises in multinational corporations, says companies are exploiting the fact that most of their products' value rests in intellectual property.
March 7, 2014
One way to fund innovation: Apple unit pays 50c tax on every $1000 of income
“What is truly surprising in the Apple case is its brazenness,” high-profile US tax commentator Lee ­Sheppard told the Financial Review from Los Angeles.
March 6, 2014
How Ireland got Apple’s $9bn profit
Financial Review
“We’re not easily shocked by ­transfer pricing practices that the US government accepts, for better or worse,” [Lee Sheppard] wrote last year in Tax Notes International.
March 6, 2014
Apple Siphoned $8.9bn Profits to Ireland Over Past Decade to Avoid Australian Tax
International Business Times
Tax expert Lee Sheppard describes Ireland in this equation as a "way station" for deductible payments: "a kind of tax laundry used to reduce taxable income".
March 6, 2014
US tax lawyer discusses global crackdown on tax evasion
ABC's The World Today
Lee Sheppard was interviewed by ABC Radio's Eleanor Hall.
March 6, 2014
Report shows how Apple moved $8.9B in untaxed profits from Australia to Ireland
Lee Sheppard: "What Apple and companies like it are doing is they are arranging themselves in such a way that the royalties go through Ireland to places like Bermuda where they're not taxed."
March 5, 2014
Obama Budget Seeks to Eliminate Inversions
The New York Times
Tax Analysts was highlighted in the article.
February 28, 2014
Knowing The Rules Keeps Traders Out Of Tax Trouble
A Tax Analysts article was quoted.
February 25, 2014
Report: IBM paid 5.2% tax rate in U.S.
Democrat & Chronicle
“IBM is doing what everybody else is doing and it’s perfectly rational to limit your tax burden,” said Brunori, deputy publisher of the publication Tax Analysts and a research professor at George Washington University’s Trachtenberg School of Public Policy and Public Administration
February 24, 2014
Book Reviews
Journal of Economic History
This is an outstanding book. Joseph Thorndike ambitiously summarizes over thirty years of proposed and enacted tax reforms, with particular focus on the policies of Franklin Roosevelt as governor and president.
February 17, 2014
IRS is America’s feared and failing agency
The Boston Globe
Chris Bergin was highlighted as "one of the nation's top observers of the IRS."
February 13, 2014
Is Uncle Sam chasing people out of the U.S.?
San Francisco Chronicle
An informal survey of tax preparers and lawyers by Tax Analysts found that the main reason people are expatriating "is to avoid U.S. information reporting rules," says Jeremy Scott, an editor with Tax Notes.
February 12, 2014
How the 1040 tax form has changed over the past century
“As we try to make the tax system do more and make it a more sophisticated tool for managing the economy, we are invariably going to create more complexity,” says Joseph J. Thorndike, a tax historian with Tax Analysts, a nonprofit that publishes tax information. “And that’s going to add more complexity to the form.”
February 11, 2014
Analysts Fret Over Legality of Puerto Rico Tax
The Wall Street Journal
“If I were holding Puerto Rico bonds, I’d be worried about a lot of things, but this would not be the one I would be (most) worried about,” Mr. Sullivan said. “But it does linger there.”
February 10, 2014
'Backdoor bailout' boosts Puerto Rico's revenues
"This look-the-other-way approach to the credit-ability of the tax may be questionable procedure and policy, but it has furthered the Obama administration's goal of maximizing assistance to Puerto Rico under current law," wrote Sullivan, who first highlighted the growth of Act 154 last month.
February 10, 2014
Careful, You File Taxes Under Penalties Of Perjury, They're Not An Opening Offer
Still, tax crimes are nothing to mess with. The ‘penalties of perjury, not an opening offer’ quip came from famed tax journalist Lee Sheppard.
February 8, 2014
Sounding the Tax Alarm, to Little Applause
The New York Times
Tax Notes was highlighted as "a scholarly chronicle of all things tax."
February 7, 2014
President Francois Hollande Takes Tax Offensive to Silicon Valley
International Business Times
Lee Sheppard, a lawyer and tax expert from Tax Analysts described the situation as an "eye poking contest" between Europe and the US. "The beauty of taxing data for EU countries is that they could get at the mostly American digital economy players without the risk of subjecting their own companies to taxation," she said.
February 5, 2014
For top-notch tax advice, turn to the women
The Washington Post
Griffith’s pieces remind us that the United States is a federal country, and many of our taxes arise at the state and local level.
February 5, 2014
Tax reform dead? Don't tell these corporate groups
“The question I would be asking if I were a shareholder in these companies, is what else have you been doing?” said Clint Stretch, a former congressional tax staffer and longtime corporate tax adviser himself.
February 3, 2014
Why do we have a debt ceiling, anyway?
“It’s really like a stick that Congress uses to beat up on the executive with," says Joseph Thorndike, a historian with Tax Analysts. "And who doesn’t like to have a stick?”
February 2, 2014
Puerto Rico’s solvency may hang on a potentially unconstitutional corporate tax
Last week an excellent explanation of the corporate excise tax was published by Martin Sullivan on The Tax Analysts Blog. Sullivan highlighted the tax’s importance at 20 percent of general fund revenues
January 30, 2014
Hate doing your taxes? Blame Congress, not the IRS
"If you want the tax system to work better, you have to pay for it," Thorndike said.
January 30, 2014
Law 154 seen as U.S. government bailout of Puerto Rico
Caribbean Business
"Given the vital importance of the tax to Puerto Rico…it is unclear why Treasury and the IRS haven't finalized the ruling, if the technical tax experts consider it to be creditable," Sullivan wrote. "It can't be ruled out that Treasury hasn't issued a final ruling because there is serious concern the tax isn't creditable and [Treasury] is under political pressure to let the interim status remain intact until the tax expires."
January 30, 2014
Why the rich can stop worrying about a punishing backlash
Yahoo Finance
There certainly is precedent for too much wealth concentrated in too few hands leading to revolutionary change. Yet those changes usually required a dramatic triggering event, which hasn’t happened in modern times. “I don’t think we’re all that close to a tipping point yet,” says Joseph Thorndike, a historian with Tax Analysts who also teaches tax policy at Northwestern University Law School. “It really takes a crisis to make something happen.”
January 29, 2014
Obama reprises corporate tax proposal in SOTU — The verdict is in and proposals won’t move tax reform needle
Martin Sullivan quoted on tax reform.
January 29, 2014
Bail-out by the back door
The Economist
Martin Sullivan quoted on Puerto Rico's backdoor bailout.
January 28, 2014
How we could get rid of April 15 as Tax Day
Yahoo Finance
Innovation is certainly possible. “It’s technically feasible for the IRS to send a precompleted tax return to the vast majority of taxpayers every year,” says Joseph Thorndike, a historian with Tax Analysts who also teaches tax policy at Northwestern University Law School.
January 28, 2014
Weil on Finance: Rescuing Puerto Rico
Martin Sullivan quoted on the federal government’s backdoor bailout of Puerto Rico.
January 25, 2014
Taxmen are doing whatever they can to squeeze more from online businesses
The Economist
THE international framework for taxing multinationals has been tweaked and refined over several decades under the aegis of the OECD, a club of mostly rich countries. But it remains “a patchwork of national laws and international treaties, frayed by internal and cross-jurisdictional inconsistencies,” laments Ajay Gupta, editor of Tax Notes International.
January 24, 2014
There’s a war over R&D tax credits. And companies keep winning.
The Washington Post
Corporate tax lawyers have enthusiastically embraced the proposed changes. And Marty Sullivan, chief economist for the nonprofit Tax Analysts, called the new rules “a significant giveaway to business.”
January 21, 2014
Newly released training docs keep IRS in the news - The battle over tax-exempt groups hits the omnibus
Chris Bergin president of Tax Analysts, which filed the FOIA suit, said he believes the documents are incomplete, and is worried the IRS is becoming an increasingly paranoid and overburdened agency.
January 17, 2014
IRS Documents Conflict With Prior Statements About Political Reviews
Tax Analysts' receipt of IRS training material under its FOIA request.
January 17, 2014
IRS Training Guidance Doesn’t Appear to Have a Smoking Gun
Government Executive
“If anyone’s looking for a scandal, I don’t think they will find it in the documents we have here,” he said. “These are training materials, which you would think, as a matter of course, would be public. The fact that it took eight months, a lawsuit and a court order to get what we have thus far,” he added, “really tells you the IRS still hasn’t figured out how to deal with its problems.”
January 10, 2014
Tax shock ahead for wealthy
“Congress is afraid of raising people’s taxes,” Stretch said. “So if you can play some games with them” or “if you can do it in a way that people cannot possibly understand what the hell you’re doing,” it is easier to swallow, he said.
January 8, 2014
De Blasio's plan to tax the rich
CNN Money
California voters did, however, reject a proposal to raise state income tax rates on a sliding scale to help pay for, among other things, early childhood programs, according to Cara Griffith, editor in chief of state tax publications at Tax Analysts.
January 8, 2014
The Loopholes In The Volcker Rule
Commentary by Lee Sheppard.
January 8, 2014
Companies Paying the Most (and Least) Taxes
24/7 Wall St
According to Martin Sullivan, chief economist at Tax Analysts, companies producing oil abroad cannot easily avoid taxes imposed by foreign governments, which often tax oil production at a higher rate than the U.S. As a result, such companies are “sitting ducks for high taxes.” ConocoPhillips faced an effective tax rate of more than 50% of pre-tax earnings in 2012.
January 4, 2014
Martin Sullivan's C-SPAN Q&A was highlighted.
January 3, 2014
What Taxpayers Should Watch for in 2014
The Wall Street Journal
"Who wants to say they're going to cut the mortgage-interest deduction in an election year?" says Clint Stretch, senior counsel at Tax Analysts, a nonprofit publisher.
January 2, 2014
If IAM Members Reject Boeing’s Proposal, Various States Hope to Land 777X Program
Bloomberg BNA
‘‘If taxes were all that mattered, Washington’s already given away the store,’’ Brunori said. ‘‘But the labor costs prove that taxes don’t matter as much as other things. In this case, that’s labor cost.’’
Press Mentions From Previous Years