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Featured Analysis

A curated selection of our standard-setting tax analysis and commentary. If you are looking for the Tax Notes difference, look no further.

In this article, the authors propose property tax reforms that would allow local governments to raise property tax revenue while protecting vulnerable taxpayers, and discuss the legal changes necessary to make local tax policies responsive to local economic conditions, and the administrative and procedural changes that should be made to ensure continued democratic participation in property tax reform during the pandemic.
In the first installment of Global Roundtable, the authors discuss whether the OECD — in light of the universal disruption caused by the COVID-19 pandemic — should release its recommendations for taxing the digital economy this year. If it does, will state, federal, and international governments be prepared to act? If it does not, what steps can or should those governments take?
Congress’s economic relief measures in response to the coronavirus pandemic, and the IRS and Treasury’s implementation of them, have been swift and have received a mixed reception. House Ways and Means Committee Chair Richard E. Neal, D-Mass., and former Treasury officials Pamela Olson of PwC and Mark Mazur of the Urban-Brookings Tax Policy Center, evaluated their efficacy so far and addressed what we can expect next to stabilize and stimulate the economy on a June 3 webinar, “Taxing Issues: Addressing the Economic Crisis: What's Next for Federal Policy." Tax Analysts President and CEO Cara Griffith moderated the event, which can be viewed on YouTube.
Rick Grafmeyer argues that permitting companies to directly monetize their net operating losses incurred in the 2020 tax year would provide all companies — not just those with profits in the last five years — with needed liquidity during the COVID-19 crisis.
Darien Shanske, Reuven S. Avi-Yonah, and David Gamage argue that the current crisis is the perfect time to make revenue-raising reforms to state corporate income taxes — reforms that would have been desirable policy improvements even during an economic upturn, but that are even more clearly good policy moves in light of the current and upcoming state economic and budgetary crises.