Tax Analysts Blog

Wednesday, October 14, 2015 - 00:00
The Democrats held their first debate last night, and despite some attempts by the challengers to make it interesting, it mostly was a chance for front-runner Hillary Clinton to reestablish her brand and fight off the narrative that she was a sinking ship. The media is already in love with Hillary...
Tuesday, September 29, 2015 - 00:00
In late August, Jeb Bush attacked Republican front-runner Donald Trump by calling the billionaire a Democrat. Although Bush's remarks were intended to blunt some of Trump's momentum and were part of a broader strategy for the establishment candidate to regain relevancy, they were prompted by Trump'...
Monday, August 31, 2015 - 00:00
The longer Donald Trump's campaign for the White House continues, the harder it becomes for the billionaire developer to completely avoid mentioning substantive issues. Although Trump is quite skilled at talking a lot and offering only sound bites, even he is starting to have trouble filling all th...
Monday, August 17, 2015 - 00:00
Money plays a big role in politics. And politics, of course, plays a big role in the formulation of tax policy and what ends up in legislation. House, Senate, and particularly presidential candidates need an ever-growing amount of cash and donations to wage successful campaigns. And those resources...
Monday, August 10, 2015 - 00:00
The Republican debate season is underway. On August 6 the top 10 GOP candidates for president squared off in Ohio. The first contest will primarily be remembered for Donald Trump's bizarre spat with Fox News's Megyn Kelly. In 2012 the first Fox News debate saw a much more consequential moment. When...
Wednesday, July 29, 2015 - 00:00
On July 27, House Oversight and Government Reform Committee Chair Jason Chaffetz said President Obama should remove IRS Commissioner John Koskinen, and he made it clear that if the president doesn't act, Congress could consider contempt charges and even impeachment. On the one hand, Chaffetz's thre...
Tuesday, July 21, 2015 - 00:00
Yahoo wants to spin off its holding in Alibaba. It had already sold a lot of its stake in the Chinese giant, but it retains a 15 percent share. The goal of the spinoff is supposedly to allow Yahoo to focus on its core business, but the reality is that CEO Marissa Meyer needs to show some profits to...
Tuesday, July 14, 2015 - 00:00
Showing that some Republicans have learned their lesson from Mitt Romney's failed 2012 presidential campaign, Jeb Bush released 33 years' worth of tax returns on June 30. As many will recall, Romney did his absolute best to avoid releasing any tax information, finally caving and showing reporters...
Monday, June 22, 2015 - 00:00
The wait continues for the Supreme Court's decision in King v. Burwell -- the Court did not release the opinion on June 22. If the Court decides in favor of King -- basically making residents of 34 states ineligible for healthcare credits -- that will gut President Obama's healthcare reform effort,...
Monday, June 15, 2015 - 00:00
The United States is through trying to needle the OECD's base erosion and profit-shifting project with pinpricks. Last week, Robert Stack, U.S. Treasury deputy assistant secretary (international tax affairs), abandoned the subtle digs Treasury had been using to attack BEPS and flat-out said the Uni...
Tuesday, June 2, 2015 - 00:00
Kansas was supposed to be a Republican success story. It elected a conservative governor who happened to be a former U.S. senator, and he, unlike many of his colleagues, followed through on his promises to radically overhaul his state's tax system, lowering rates and drastically reducing the burden...
Tuesday, May 19, 2015 - 00:00
In March 2009 then-IRS Commissioner Douglas Shulman tapped Karen Hawkins to lead the agency's Office of Professional Responsibility. Hawkins had been slated to become the next chair of the American Bar Association Section of Taxation, but chose to take the commissioner up on his challenge to reinvi...
Tuesday, May 12, 2015 - 00:00
Defying polls, pollsters, and the specter of a hopelessly fractured Parliament, the Conservatives won a resounding victory in the U.K. election last week. The end of the coalition with the Liberal Democrats will free David Cameron to follow a purer Tory agenda and raises major questions about the U...
Monday, May 4, 2015 - 00:00
On May 7 U.K. voters will go to the polls to determine the fate of the country's first coalition government since World War II. The election will also be the United Kingdom's first referendum on the austerity policies of the Cameron government. Across the Atlantic, many U.S. commentators have opine...
Tuesday, April 28, 2015 - 00:00
Marco Rubio is having a good couple of weeks. The freshman Republican senator from Florida has surged to the top of polls in the crowded GOP presidential field, outdistancing even former Florida Gov. Jeb Bush. His announcement of his presidential campaign received favorable reviews, both because of...
Tuesday, March 31, 2015 - 00:00
The centerpiece of President Obama's tax platform has always been that wealthy taxpayers should be paying more. He ran on it in 2008, and his budgets and tax reform plans have always featured new revenues from higher-income individuals (or multinationals). Although much of his agenda has foundered,...
Monday, March 16, 2015 - 00:00
The OECD's base erosion and profit-shifting project has dominated the international tax scene for over a year. Ever since the G-20 tasked the organization with finding solutions to the perceived problem of multinationals paying low effective tax rates, the international tax community has talked abo...
Tuesday, March 10, 2015 - 00:00
The Congressional Budget Office released its new 10-year baselines on March 9 showing that the deficit will be $486 billion in 2015, about the same as last year. The report was initially expected last week, but was delayed by winter weather in the Washington area. The CBO's new baselines will undou...
Tuesday, March 3, 2015 - 00:00
On March 1 the spokeswoman for former Florida governor and 2016 Republican presidential hopeful Jeb Bush said that Bush would not sign Grover Norquist's antitax pledge. Norquist subsequently tweeted that those who didn't sign the pledge almost always raised taxes when pushed by "spenders." Does Bu...
Tuesday, February 24, 2015 - 00:00

"The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing." Jean-Baptiste Colbert, French minister of finances, 1665-1683. Louis XIV created the modern French state and laid the template for 17th- and 18th-century a...