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A Rose is a Rose is a . . .

Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is: To respondent's assertion that our interpretation mixes apples ...

What’s happening to FSB?

A Guest post aimed at my friends across the pond - I don’t know if you’ve noticed, but there is currently a huge push on Financial Spread Betting (FSB). Just about everywhere you look, it seems, there is a bright and shiny offer to take the plunge and enjoy the thrills, spills and rewards of […]

NY Times: Life Insurers Use State Laws to Avoid $100 Billion in U.S. Taxes

New York Times DealBook, Life Insurers Use State Laws to Avoid as Much as $100 Billion in U.S. Taxes: Some companies have been called economic traitors for seeking to lower their tax bills by moving overseas. But life insurers are accomplishing the same goal without leaving the country, saving as...

The IRS Scandal, Day 583

The Blaze: Did the IRS Share Confidential Taxpayer Data With the White House? It May Take Several More Months to Find Out: A government watchdog group has been forced to ask a federal court to insist that the government hand over thousands of documents that could show the IRS gave...

House Slashes IRS Budget, Now Up To The Senate

The IRS took a hit from House this week as the agency's budget was slashed. With the clock ticking, will the Senate follow suit?

Pepperdine Survived Today's Rain

The view from the law school atrium (via Al Sturgeon): The view from the pool (via Marcelo Ferreira):

WSJ: Bonus Depreciation Fails to Produce

Wall Street Journal, A Tax Break Fails to Produce Jobs: With Congress poised to extend a raft of tax breaks, consider this: One such break has helped AT&T and Verizon slash their recent tax bills by billions of dollars without leading to the intended increase in investment or jobs. The...

The Problem with Free Stuff

The problem with free stuff, simply put, is that too many people want it. If you see a promotion for something like 7-Eleven’s Free Slurpee Day, you always end up having to temper your excitement when you realize that you’ll inevitably be waiting in line with the many others who want to enjoy the same treat. Show More Summary

Weekly Tax Roundup

Baltimore Sun, Cardin Introduces Consumption Tax Language Bloomberg, House Fails to Pass Charity Tax Bill Obama Threatened to Veto Bloomberg, Inversions Are Often Last Stop for Avoiding U.S. Taxes Bloomberg, Inversion Curbs Sought by Democrats Are ‘Watered Down’ in Spending Bill Bloomberg, Last-Ditch Effort to Lock in Charity Tax Breaks...

Weekly SSRN Tax Roundup

Yuri Andrienko (Sydney) & Patricia F. Apps (Sydney), Gender Bias in Tax Systems Based on Household Income Bruce Bartlett, The Joint Economic Committee in the Early 1980s: Keynesians versus Supply-Siders, 27 J. Pol'y Hist. 184 (2015) Eric Brunner (Connecticut), Stephen Ross (Connecticut) & Becky Simonsen (Columbia), Homeowners, Renters and the...

Wall Street Journal Downplays Beneficial Effects of Bonus Depreciation

An article in today’s Wall Street Journal presents conflicting evidence on the benefits of bonus depreciation, a provision in the tax extenders package currently being debated in Congress. Bonus depreciation allows companies to immediately write-off (expense) 50 percent of the cost of equipment and software. Show More Summary

Weekly Legal Education Roundup

Above the Law, This Law School Wants To Stop Students From Drowning In Debt Kelly Anders (Washburn), Who Would Hire Kingsfield? Deborah Borman (Northwestern), Instilling Confidence and Receiving Feedback: Creating Opportunities for Improved Success in Law School and Satisfaction in Legal Practice Josh Douglas (Kentucky), Law Faculty Teaching Loads Mimesis...

Study Gauges the Stress

National Law Journal, Study Gauges the Stress of Waiting for Bar Exam Results: Any lawyer can tell you that awaiting the results of the bar examination is stressful. Now there is a study to prove it. A pair of psychologists at the University of California, Riverside, tracked the emotional states...

Tax reform 2014, Senate version

The tax reform 2014 train has another passenger, this one boarding at the U.S. Senate's tax-writing station. Sen. Orrin Hatch (R-Utah) has released an in-depth analysis by the Senate Finance Committee Republican staff entitled "Comprehensive...Show More Summary

Billionaire Olenicoff Admits Copying Sculptor’s Work, Jury Awards Damages

A federal jury decides billionaire owes sculptor John Raimondi $640,000 in damages for making two illegal copies of each of two of his abstract metal works and displaying the four knock offs at Olen buildings in California.

Will Immigrants Get A Tax Windfall From Refundable Credits?

In the end-of-the-year congressional scramble, lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants...Show More Summary

Tax Roundup, 12/12/14: Extenders by tomorrow? Don’t count on it.

They filed an extension.  Congress avoided a “shutdown” of the government blast night by passing a bill to fund the government […]

Everybody’s Working for the Weekend

No shutdown, so far. Democrats hated it because of riders weakening Dodd-Frank financial protections and allowing fat-cats to triple their donations to political parties. Republicans hated it because it didn’t stop President Obama from liberalizing immigration laws. Show More Summary

Why Do Those Who Dislike Government Spending Continue to Support Government Spenders?

There’s something not quite right in the collective psyche of the anti-government-spending crowd. Enraged by high taxes, they manage to put into office, and keep in office, people who dish out tax revenues as though there were no limits on taxation. Show More Summary

Dumpster Diving Into the ABA’s 509 Information Reports

Associate's Mind, Dumpster Diving Into the ABA’s 509 Information Reports (Statistics + Graphs): So I noticed on the TaxProf Blog that the newest crop of ABA 509 Information Reports on accredited law schools came out recently. It’s good that the ABA has begun to release this data. It can help...

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