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Fleming, Peroni & Shay: Formulary Apportionment in the U.S.

J. Clifton Fleming (BYU) & Robert J. Peroni (Texas) & Stephen E. Shay (Harvard), Formulary Apportionment in the U.S. International Income Tax System: Putting Lipstick on a Pig?, 36 Mich. J. Int'l L. ___ (2015): Perhaps surprisingly, this Article has shown that the debate over formulary apportionment is little more...

The IRS Scandal, Day 629

Power Line, Sharyl Attkisson to Testify on Lynch Confirmation, But Why?: Loretta Lynch, President Obama’s nominee for Attorney General, will testify tomorrow before the Senate Judiciary Committee. It should be an interesting day.... Its witness list includes Sharyl Attkisson and Catherine Engelbrecht. Both have grievances against the Obama administration....

Super Bowl bets, missing tax forms & more Daily Tax Tips fun

What do Super Bowl bets and missing tax forms have in common? They're all part of this week's Daily Tax Tips. Yes, the end of January is hectic for sports fans, particularly NFL aficionados or folks who love Super Bowl ads and halftime shows, as well as taxpayers. Show More Summary

Corporate Profits Soar, Average Incomes Plummet

Al Jazeera, Economy Grows, Incomes Shrink: Americans Continue to Lose Money While Corporate Profits Soar, by David Cay Johnston (Syracuse): The first data on 2013 incomes show continuing bad news for Americans, my analysis of a new Internal Revenue Service report shows. Average income fell 2.6 percent in 2013, even...

Repealing the Medical Device Tax Is Not Cronyism

The Washington Post yesterday posted an editorial opposing the repeal of the Affordable Care Act’s medical device tax, on the grounds that it would constitute “caving in to special interests.” That view of the situation is deeply troubling...Show More Summary

Obama's Failure to Kill 529 Plans May Say Less About Tax Reform Than You Think

After President Obama proposed, and rapidly abandoned, a plan to curb the tax advantages of Sec. 529 college savings accounts, several wise observers, including my friend David Wessel at Brookings, saw an object lesson for broad-based tax reform. Show More Summary

Weekly Tax Roundup

The Atlantic, Robin Hood in Reverse: State and Local Taxes in the United States Take the Most From Those Who Have the Least, Undermining Efforts to Redress Inequality Blog of the Legal Times, Jack Abramoff Can’t Stop Feds From Seizing Tax Refunds, Judge Rules Bloomberg, Bush Tax Cuts Persist 14...

US and Hong Kong Announce FATCA Intergovernmental Information Sharing Agreement (IGA)

Hong Kong has been conspicuously absent from the list of early signatories of the Foreign Account Tax Compliance Act (FATCA). That ended last month with Hong Kong announcing its long-awaited entrance into a Model 2 IGA with the US government. Show More Summary

Weekly Legal Education Roundup

Above the Law, Law School Dean Urges Students To Stop Making ‘Wildly Inappropriate’ Sexist Comments About Female Professor Above the Law, Students Allege Women Drugged At Off-Campus Law School Parties American Lawyer, Meet the Law Professor Who's Giving Dershowitz Hell Business Insider, Why Law School Is A Waste Of Money...

Gov. Kasich's Plan May Be A Tax Cut, But It's Still Poor Policy

This post originally appeared as a Forbes op-ed here. Ohio tax policy needs a lot of work, and Governor John Kasich talks about it a lot. The state ranks 44th in the Tax Foundation’s State Business Tax Climate Index, the municipal income...Show More Summary

Weekly SSRN Tax Roundup

Richard Dees (McDermott, Will & Emery, Chicago), Is Chief Counsel Resurrecting the Chapter 14 'Monster'?, 145 Tax Notes 1279 (Dec. 15, 2014) Claire Moore Dickerson (Tulane), Bringing Formal Business Laws to Cameroon’s Informal Sector: Lessons and Cautions from the Tax Law Example, 13 Wash. U. Global Stud. L. Rev. 265...

No 'Romney 2016,' ending possible tax return revelations

Political wonks are distraught today. Mitt Romney will not seek the presidency in 2016. He told a small group of advisers of his decision in a conference call this morning. Tax geeks also are upset. No Romney run also means we won't get any further tax return revelations. Show More Summary

Weekly Student Tax Note Roundup

Albert Farr (J.D. 2015, Tulane), Comment, Taxation of Marine Shipping Income: A Critique of U.S. Tax Laws in the Energy Transport Industry, 39 Tul. Mar. L.J. 321 (2014) Jessica Ho (J.D. 2012, Virginia), Note, How to Train a Toothless Dragon: Finding Room for Improvement in China’s Transfer Pricing Regulations, 54...

The Other Gambling Line on Super Bowl Sunday

Pop-quiz: What's the line on Sunday's game between the New England Patriots and Seattle Seahawks? Answer: The Patriots are favored by one or two points (depending on what sportsbook you bet with). Next question: On what line do taxpayers...Show More Summary

Tax Roundup, 1/30/15: Earned Income Tax Credit Awareness Day Edition! And: judging your golf score

Did you know that today is “Earned Income Tax Credit Awareness Day“? Most of us don’t get the day off, but […]

Getting Married? Got Assets? Read This First

If you're not careful, property you own separately before marriage can be converted into marital or community property.

Voting for Tax Refund Delays

The IRS Commissioner has disclosed that because “It takes longer to process paper returns and in light of IRS budget cuts resulting in a smaller staff, it will likely take an additional week or more to process paper returns meaning that...Show More Summary

Spending Caps? What Spending Caps?

Up next week: The President’s Budget. President Obama will release his budget  for fiscal year 2016 on Monday. The plan would increase spending above the sequester limits of  the Budget Control Act of 2011. Steep cuts were triggeredShow More Summary

UCLA & Tax Policy Center Host Conference Today on International Tax Reform

UCLA and the Tax Policy Center host a conference today on International Tax Reform from 9:00 a.m. - 4:00 p.m. PST (webcast here): Panel #1: Political Economy of International Tax Reform Presenters: Alan Auerbach (UC-Berkeley), Jon Talisman (Capitol Tax Partners) Commentator: Jason Oh (UCLA) Panel #2: Inversions: Where Do We...

Retired Professor Gives $1 Million to Emory Law School

Press Release, Retired Professor Gives $1 Million to Emory Law: Emory Law Professor William J. Carney and his wife, Jane, have created a challenge grant of $1 million to benefit the law school's Center for Transactional Law and Practice. The Carneys' gift will allow the center to hire an assistant...

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