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Pennsylvania Legislators Pass Budget, Veto Deemed Likely

With a veto threat looming over their heads, Pennsylvania legislators adopted a $30.2 billion budget that eschews tax increases. A $1.2 billion increase in spending over last year’s budget—largely to cover rising pension obligations—relies...Show More Summary

The Uneasy Case for a Financial Transaction Tax

In recent years, there has been a resurgence of interest in an old idea—a financial transaction tax, or FTT. In a new paper, The Tax Policy Center has taken an in-depth look at the pros and cons of the levy. We’ve found that even a modest tax would raise a lot of money, and that […] The post The Uneasy Case for a Financial Transaction Tax appeared first on TaxVox.

Maine Legislature Overrides Governor's Veto

In a rare move that caps an intense legislative session, the Maine Legislature has overridden Governor Paul LePage’s budget veto, thereby completing the budget process with mere hours to go before the start of the new fiscal year. LePage’s...Show More Summary

Indiana Tackles Throwback Rule and Personal Property Tax

Indiana’s 2015 General Assembly session ended just about two months ago. While this year’s tax code reforms were less extensive than past sessions, the legislature made welcome fixes to two policies in particular: the throwback ruleShow More Summary

NYU Tax Law Review Publishes New Issue

The Tax Law Review has published a new issue (Vol. 68, No. 1 (Fall 2014)): David Gamage (UC-Berkeley), How Should Governments Promote Distributive Justice?: A Framework for Analyzing the Optimal Choice of Tax Instruments, 68 Tax L. Rev. 1 (2014) John R. Brooks II (Georgetown), Fiscal Federalism as Risk-sharing: The...

Call For Estate Planning Papers: ACTEC Law Journal

Call For Papers: ACTEC Law Journal: Estate Planning In the 21st Century: Seismic Shifts and Predictions for the Future The American College of Trust and Estate Counsel announces a Call For Papers on the following topics: Estate planning has radically changed in the last several decades. Statutes such as the...

Avi-Yonah: The International Tax Regime — A Centennial Reconsideration

Reuven S. Avi-Yonah (Michigan), The International Tax Regime: A Centennial Reconsideration: The international tax regime is almost a hundred years old. The two principles it is based on (the benefits principle and the single tax principle) were developed in the 1920s and 1930s. The regime functioned reasonable well until the...

Which candidate's tax return do you most want to see?

New Jersey Gov. Chris Christie is today's entrant into the ever-expanding Republican field to be the party's 2016 nominee for the White House. He's the 14th official major GOP candidate. Click image to watch Chris Christie's announcement that he's seeking the 2016 GOP nomination for president. Show More Summary

Reynolds Reviews Barton's The Decline And Rebirth Of The Legal Profession

Following up on my previous post: Glenn Reynolds review the new book by Benjamin H. Barton (Tennessee), Glass Half Full The Decline and Rebirth of the Legal Profession (Oxford University Press, June 15, 2015) in USA Today, Are Happier Lawyers, Cheaper Legal Fees on the Horizon?: Barton notes that high-end...

Tax Roundup, 6/30/15: It’s FBAR Day! Foreign and gaming account owners, do or die.

  Form 114 or bust. Today is the unextendable deadline to file Form 114, the “FBAR” report of foreign financial accounts. […]

The Tax Lawyer Publishes New Issue

The Tax Lawyer has published Vol. 68, No. 3 (Spring 2015): 75th Anniversary Compendium—Role of the Tax Section in Representing Underserved Taxpayers, 68 Tax Law. 421-62 (2015): Alice G. Abreu (Temple), For Good (Foreword), 68 Tax Law. 421 (2015) Nina E. Olson (National Taxpayer Advocate), The Tax Section’s Role as...

Jury Rejects Unsuccessful Conservative Faculty Candidate's Discrimination Suit Against University of Iowa Law School

Following up on my previous posts (links below): Iowa Press-Citizen, Jury Rejects Conservative's Bias Suit Against UI Dean: The former dean of the University of Iowa law school didn't commit illegal political discrimination when she passed over a conservative lawyer for teaching jobs, a jury ruled Monday. After a six-day...

New 'Gainful Employment' Rule Spells Trouble For For-Profit Law Schools (And Would For 50 Non-Profit Law Schools)

American Lawyer: New Rule Spells Trouble for For-Profit Law Schools, by Matt Leichter: Advocates for student debtors chalked up a victory in May, when a New York federal judge dismissed a challenge to the U.S. Department of Education's "gainful employment rule." The rule, slated to go into effect next month,...

The IRS Scandal, Day 782

Forbes: IRS Won't Release Lois Lerner Emails -- Because They Might Be Duplicates, by Robert W. Wood: Eureka! The IRS says it may have found 6,400 more emails from Lois Lerner. What do they say? Who are they targeting? We don’t know, as the IRS says it won’t release them....

Obergefell v. Hodges: Supreme Court Upholds Same-Sex Marriage

Last Friday, the Supreme Court issued a ruling in a 5-4 decision of the Obergefell v. Hodges case making same-sex marriage legal in all 50 states and territories of the United States. The ruling has allowed same-sex couples to have the same tax filing options as opposite-sex couples. Show More Summary

IRS 'incompetence' blamed for lost Lois Lerner emails

While most of us were focused on the recent Supreme Court health care and marriage rulings, and I plead guilty here, some other tax-related events were quietly taking place, like a look at those still-missing Lois Lerner emails. We're...Show More Summary

Bezos, Jobs & Musk: Must Visionary Leaders Be Cruel To Their Employees?

New York Times, The Bad Behavior of Visionary Leaders: As I was reading Ashlee Vance’s Elon Musk: Tesla, Space X and the Quest for a Fantastic Future, I was alternately awed and disheartened, almost exactly the same ambivalence I felt after reading Walter Isaacson’s Steve Jobs and Brad Stone’s The...

2015 Brophy Law School Rankings: Median LSAT, Full-Time J.D.-Required Jobs, And Law Review Citations

Alfred L. Brophy (North Carolina), Ranking Law Schools, 2015: Student Aptitude, Employment, and Law Review Citations (more here): This essay builds on a paper released last year that ranked law schools on three variables: the median LSAT of entering students of the most recent class, the most recently available employment...

ABA: The Most LGBT-Friendly Law Schools

ABA Commission on Sexual Orientation and Gender Identity, LGBT-Friendly Law Schools: Most law schools are LGBT-friendly. Some law schools, however, are going an extra step further to be more inclusive of LGBT students. These law schools have established associations and forums designed to enhance educational opportunities for LGBT students: Chicago...

University of Cincinnati President Turns Down $200,000 Bonus, Gives Money To Charities, Slain Police Officer's Family

Huffington Post, College President Turns Down $200,000 Bonus, Gives Money To Charities: University of Cincinnati President Santa Ono has rejected his annual bonus, asking for the money to instead be donated to charities and scholarships, WCPO reported. Ono has also turned down a raise in his base salary. "This may...

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