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How to Reduce the Up-front Cost of Full Expensing

Last week, we wrote a piece showing that full expensing has significant up-front costs that eventually dissipate. This makes full expensing look much more expensive in the first ten years than it will ultimately cost on an ongoing basis. This is because investments made in previous years under prior depreciation schedules would continue to be […]

Statewide Soda Tax Stirs Debate in Massachusetts

Excise taxes on sugary beverages are flawed policy, but the debate over soda taxes is now front and center in Massachusetts. The Massachusetts Joint Committee on Revenue will hold a hearing June 20 to discuss a tax of up to 2 cents per ounce on soda and other sugary beverages, as the state joins several […]

Herzfeld:The Case Against BEPS

Mindy Herzfeld (Florida), The Case Against BEPS : Lessons for Coordination: In 2013 the OECD, at the behest of the G20, embarked upon an ambitious project of coordinating and harmonizing countries’ international tax rules under the guise of curtailing multinational companies’ cross-border tax planning, generally referred to as base erosion...

Hayashi Reviews Batchelder's Accounting For Behavioral Considerations In Business Tax Reform

Andrew Hayashi (Virginia), Do Taxes Motivate Corporate Managers? (JOTWELL) (reviewing Lily Batchelder (NYU), Accounting for Behavioral Considerations in Business Tax Reform: The Case of Expensing (2017)): Tax scholarship is interdisciplinary. To evaluate tax policy it helps to know at least a little about economics, a little about philosophy, something about...

The Need For Better Eligibility Regulations In The Public Service Loan Forgiveness Program

Gregory Crespi (SMU), The Public Service Loan Forgiveness Program: The Need for Better Eligibility Regulations: People will start seeking tax-exempt debt forgiveness under the Public Service Loan Forgiveness (“PSLF”) program in October of 2017 after satisfying the requirements of 10 years of post-October 1, 2007 employment in a “public service...

Independent Accountant Confirms Financial Viability Of Florida's Graduate Tax Program

Following up on my previous posts on Florida Law Prof Robert Rhee's remarkable critique of its graduate tax program (my perspective is here) and Dean Laura Rosenbury's ambitious plan to become a Top 35 law school (links below): an independent accountant has issued an in-depth report on the finances of...

86% Of The Civil Legal Needs Of Low-Income Americans Are Unmet

Legal Services Corp., The Justice Gap: Measuring the Unmet Civil Legal Needs of Low-income Americans: The phrase “with liberty and justice for all” in the U.S. Pledge of Allegiance represents the idea that everyone should have access to justice, not just those who can afford legal representation.In criminal cases, legal...

As More States Kill Their Estate Taxes, Will The Push To Repeal The Federal Estate Tax Become Irresistible?

Wall Street Journal Tax Report, Why More States Are Killing Estate Taxes: Want proof taxes can actually go down? In the past three years, nine states have eliminated or lowered their estate taxes, mostly by raising exemptions. And more reductions are coming. Minnesota lawmakers recently raised the state’s estate-tax exemption...

Charleston President Touts Rebirth Of Law School With 150% Enrollment Boost, Removal From DOE's 'Naughty List'; He Urges Graduates To Work As Policemen And Firemen

Following up on my previous post, Charleston, Florida Coastal Law Schools Fail 'Gainful Employment' Test, Will Lose Federal Student Loans If They Fail Again Next Year; Three Other Law Schools In Danger Zone: Post and Courier, Charleston School of Law Off U.S. Education Department's 'Naughty' List: Several years after the...

Tax telephone scam script rewritten to include mentions of fake IRS certified letters, EFTPS payment option

Identity thieves are once again targeting taxpayers, this time with a twist on the pervasive telephone tax scam. In its original version, which the Internal Revenue Service and other government agencies have dubbed the biggest tax scam...Show More Summary

Thanking dad on Father's Day for all of his support

Dancing with Daddy (Courtesy via Giphy) Those of us lucky enough to have (or have had) great dads are well aware of all the support they provide. There are the traditional demonstrations, like teaching us to dance (like the dad above, sort of) or ride a bicycle and later to drive a car. Show More Summary

Real Madrid Can Pay Cristiano Ronaldo Taxes, But That Triggers More Taxes

With $16.5M in taxes due, Real Madrid may pay Cristiano Ronaldo's taxes. But that won't end his tax troubles.

How Much of a Victory for Philadelphia is Its Soda Tax Win in Commonwealth Court?

For almost ten years I have been commenting on the Philadelphia soda tax, from when it was a proposal, through its enactment, and during its rocky track record, as it has failed to raise the predicted revenue and has met legal challenges from opponents. Show More Summary

The Cutting Edge of Chocolate Meets Tax?

A reader directed my attention to an online retailer selling chocolate band-aids. The reader asked, I think half in jest, if the purchase price was a possible medical expense, a possible child care expense, a possible business expense, or a possible home office expense. Show More Summary

Disney: Unhappiest property tax place on Earth

Walt Disney attorneys contend that the values of its properties are as inflated as these Disney World balloons and have gone to court to get new assessments. (Photo by Davidlohr Bueso via Flickr) Walt Disney's namesake recreational areas have built their vacation reputations on being the happiest places on Earth. Show More Summary

This Week's Ten Most Popular TaxProf Blog Posts

Proportion Of Law School Applicants With LSATs > 160 Is Down 35% Since 2010; < 150 Is Up 146% UNC Law School Alums Rally Against Proposed 'Catastrophic' 30% Budget Cut As Payback To Liberal Faculty (Especially Gene Nichol) Chaired Professor Wages Court Battle Against Tenure Eight Of The Twelve Law...

12th Annual Junior Tax Scholars Workshop Concludes Today At Toronto

Panel #5: Inequality Daniel Hemel (Chicago), Gambling for Good Commentators: Rebecca Morrow (Wake Forest), Erin Scharff (Arizona State) Zach Liscow (Yale), How to Structure Transfers to Low-Income Americans Commentators: Andrew Hayashi...Show More Summary

How Professors Can Avoid The 'Summer Slump'

Chronicle of Higher Education, More Than a ‘Summer Slump’: How the Loss of Structure Affects Academics: For nine months a year at research universities, instructors and students build communities from a transient group of academics unified by one thing: classes. Professors invest time in students, committees, and teaching; students invest...

West Virginia Legislature Reaches Budget Agreement

If the government of West Virginia had a nickel for each tax and budget proposal unveiled this year, the state’s revenue problems would have been taken care of a long time ago. At times, even veteran legislators struggled to keep track of the flurry of bills and amendments, consulting notes and requesting forbearance as they […]

Weekly SSRN Tax Article Review And Roundup

This week, Ari Glogower (Ohio State) reviews a new work by Heather M. Field (UC-Hastings), A Taxonomy for Tax Loopholes, 55 Hous. L. Rev. __ (forthcoming 2018). Heather Field’s new work introduces a taxonomy of different types of “tax loopholes,” to guide policymakers and the public, and to promote analytic...

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