Tax Notes Opinions
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The federal government has limited tools for responding to the inevitable swings of the business cycle. If that doesn’t make you feel a bit vulnerable, it should.
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Corporate transparency advocates scored an important victory on June 12 when the United States House Committee on Financial Services approved a beneficial ownership bill that has been floating around Congress in various iterations for a decade.
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Benjamin M. Willis argues that the IRS must comprehensively define cryptocurrency in order to properly tax cryptocurrency gains.
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Carrie Elliot considers how political and psychological theories may explain the trend toward deficit acceptance.
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Benjamin M. Willis describes how taxpayer rights are lacking and what can be done to alleviate that problem.
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Bob Goulder considers the GILTI haircut, a provision in the Tax Cuts and Jobs Act that limits the availability of a foreign tax credit for some income, and its potential implications for the future of the FTC.
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Joseph J. Thorndike writes that soda taxes are both effective and unpopular and says that it remains to be seen whether they’ll gain broader acceptance.
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Marie Sapirie writes that questions regarding the purpose of section 529 plans have become increasingly important as what constitutes a qualified expense has been expanded and taxpayers have invested more money in these plans.
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Crafting tax guidance requires striking a balance between making rules that are administrable and making rules that implement the statute in the way that Congress appears to have intended.
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Bob Goulder examines whether the Wayfair decision has cross-border implications and — after concluding its reach is limited to the United States — ponders why it keeps coming up in debates about international taxation.