For the Press

Tax Analysts' stories, writers and other key staff are regularly mentioned throughout the media. Find out who is talking about us here.

2012
December 31, 2012
Christopher Bergin on the fiscal cliff.
CBS Radio Los Angeles
December 28, 2012
2012 -- The Year in Taxes
THE WANDERING TAX PRO
This article highlights Chris Bergin's "Tin Ear Tinhorns."
December 27, 2012
Budget Talks Reveal How Empty Obama Really Is
CatholicVote.org
"Martin Sullivan, the chief analyst at the non-partisan Tax Analysts points out where the real money is, and it’s through employer-financed health insurance, the most way most Americans get their coverage."
December 27, 2012
Is It Time for Troup County Taxpayers to Sue Kia?
LaGrange Citizen
“There is substantial evidence that [state tax] incentives are not a cost-effective means of stimulating investment and job creation,” concludes public policy scholar David Brunori in The Politics of State Taxation.
December 25, 2012
Health Care Tax Hikes for 2013 May Be Just a Start
Associated Press
"If you are looking to raise revenue to pay for tax reform, that is the biggest pot of money of all," said Martin Sullivan, chief economist with Tax Analysts, a nonpartisan publisher of tax information.
December 24, 2012
Tech companies' tax breaks on overseas profits likely to continue
San Jose Mercury News
"It is -- and I say this in all caps -- THE tax break for big business," said Martin A. Sullivan, a tax economist and former U.S. Treasury Department official. "It's what they care about most."
December 23, 2012
Top Tax Expert Confirms Our Doubts About Occupy Wall Street's Debt Buying/Forgiveness Scheme
Naked Capitalism
Lee Sheppard is highlighted as a "top tax expert" and a "heavyweight in her field."
December 21, 2012
Twelve Days of Tax Deductions
NPR
Marty Sullivan was featured in "Limiting Home Mortgage Deduction Would Raise Revenue" and "The Tax Deduction That Costs $180 Billion A Year."
December 21, 2012
Occupy Wall Street's Santa Problem
Forbes
"Around here, we’re generally sympathetic to Occupy Wall Street’s goals. As one pessimistic commentator put it, at least they’re yelling at the correct buildings. And we have great familiarity with indebted Americans—having been one until recently, and now helping a close relative deal with aggressive debt purchasers. So I empathize with the goals of Strike Debt’s Rolling Jubilee project."
December 21, 2012
VAT Exemption on Share Transfers Upheld
DLA Piper
The <i>Tax Notes International </i> article was highlighted in <i> DLA Piper </i>.
December 20, 2012
Don’t Mess with the Charitable Deduction!
Deseret News and The Alliance for Charitable Reform blog
"As I argue in my forthcoming article 'Renegotiating the Charitable Deduction' to be published in the January edition of the <i> Exempt Organizations Tax Review </i>, proposals to reform the charitable contribution deduction tend to confuse the purpose of the charitable deduction with its economic effects."
December 19, 2012
Sen. Kent Conrad (D-ND) on the 'Fiscal Cliff' Negotiations
C-SPAN
Senator Kent Conrad (D-ND), Chairman of the Senate Budget Committee, references Marty Sullivan in a press conference on the fiscal cliff negotiations. (17:30)
December 19, 2012
Day 8 Of 12 Days Of Tax Deductions
NPR's Morning Edition
Economist Martin Sullivan says it's easier for the states to tax you when they know that you can write it off on the federal level.
December 18, 2012
Mortgage interest deduction claims, facts
San Francisco Chronicle
When the federal tax code was introduced in 1913, all interest was deductible. At that time, few Americans except farmers had home mortgages, says Martin Sullivan, a contributing editor with Tax Analysts, a publication for tax professionals. "I'm pretty sure nobody intended it as a subsidy for the great American dream."
December 18, 2012
Strange Bedfellows: Boehner, Buffett And Obama All Support Millionaires Only Taxes
Forbes
Most famously, points out historian Joseph J. Thorndike, Franklin Roosevelt pushed through a top marginal rate on income over $5 million (more than $80 million today) —a cut-off so high that it applied to just one taxpayer. “They had plenty of (rich) people to hate. They didn’t need to pick on John D. Rockefeller all by himself,” says Thorndike, whose book, <i>Their Fair Share: Taxing the Rich in the Age of FDR,</i> is due out next month.
December 17, 2012
Taxing the 1 Percent, With a French Accent
Pacific Standard
Joseph Thorndike was quoted in the December 17 edition of the <i>Pacific Standard</i>.
December 17, 2012
Sullivan: Why the SALT Deduction Is Always Under Attack
TaxProf Blog
Martin A. Sullivan argues that policymakers shouldn't be so quick to curtail or eliminate the deduction for state and local taxes.
December 15, 2012
Mortgage-interest deduction in jeopardy?
The San Francisco Chronicle
Martin Sullivan, chief economist at Tax Analysts, a Virginia nonpartisan publisher of tax information, said another approach would be to tie any cap on principal to home prices in different areas. That already happens in the lending world, where jumbo loans are defined differently depending on a region's home prices.
December 14, 2012
How the Federal Fiscal Cliff Will Shift to the State
AdvisorOne
<i>AdvisorOne </i> featured Tax Analysts' conference on state "fiscal cliffs" in its December 14 article "How the Federal Fiscal Cliff Will Shift to the State."
December 14, 2012
David Brunori on the Best in State Tax Policy 2012
The Tax Foundation
The Tax Foundation includes an audio of David Brunori discussing the Best in State Tax Policy 2012.
December 12, 2012
States Face $3 Billion Estate Tax Windfall If We Fall Off Fiscal Cliff
Forbes
“It’s pretty presumptuous; you don’t know what’s going to happen,” says David Brunori, contributing editor to <i>State Tax Notes,</i> adding, “Congress should be debating whether the credit is a good idea or a bad idea.”
December 12, 2012
Washington State Department of Revenue Should Make More of Its Tax Rulings Public
The Huffington Post
Chris Bergin's op-ed "Washington State Department of Revenue Should Make More of Its Tax Rulings Public" appeared in the December 12 edition of The Huffington Post.
December 12, 2012
The past, present and future of the estate tax
Marketplace
"What you find is that the big changes in the tax system almost always come in the middle of a war," says Joe Thorndike, director of the Tax History Project at Tax Analysts and author of <i>Their Fair Share: Taxing the Rich in the Age of FDR.</i>
December 11, 2012
Timeless Tax Policy & The Other Colbert
Roth & Company, PC's Tax Update Blog
Robert Goulder's blog post "Timeless Tax Policy & The Other Colbert" was featured in Roth & Company, PC's <i>Tax Update Blog.</i>
December 10, 2012
Chris Bergin and Martin Sullivan featured in Tax Update Blog
Tax Update Blog
Chris Bergin's "‘Small Ball’ — Obsessing about the Rich" and Martin Sullivan's "Is the Charitable Deduction a Sacred Cow?" were featured in the December 10 edition of Roth & Company, PC's <i>Tax Update Blog. </i>
December 10, 2012
States facing a fiscal cliff of their own
The Hill
Cara Griffith's op-ed "States facing a fiscal cliff of their own" was included in the December 10 edition of <i>The Hill.</i>
December 10, 2012
Washington State Department of Revenue Should Make More of Its Tax Rulings Public
The Seattle Times
Chris Bergin's op-ed "Washington State Department of Revenue Should Make More of Its Tax Rulings Public" was published in the <i>The Seattle Times</i>. It was also picked up by <i>Albuquerque Express</i>, Big News Network.com, and <i>Montana News Reports</i>.
December 10, 2012
What the fiscal cliff means for New York: Nobody is going to be happy
The Post-Standard
“New York is going to get hit hard, no matter what direction they go in Congress,” said Cara Griffith, legal editor of <i>State Tax Notes,</i> a publication of the nonprofit organization Tax Analysts in Washington, D.C. Griffith said one of the most ominous threats to New York would be a repeal of the deduction that federal taxpayers are allowed to take for what they paid in state and local taxes.
December 10, 2012
Why do we have a charitable tax deduction, anyway?
Marketplace
Joseph Thorndike was featured in the December 10 edition '"Why do we have a charitable tax deduction, anyway?"
December 10, 2012
UNCW professor's "fiscal cliff" solution published Monday
WECT.com
<i>Tax Notes</i> was mentioned in WECT.com's article "UNCW professor's "fiscal cliff" solution published Monday."
December 10, 2012
IRS Urges Low-Risk Offshore Account Holders to Apply Under Streamlined Procedures
Wealth strategies Journal
The December 10 edition of <i>Wealth strategies Journal</i> highlights Shamik Trivedi's article "IRS Urges Low-Risk Offshore Account Holders to Apply Under Streamlined Procedures."
December 9, 2012
Google pays just 0.14% tax in seven years
Sunday Independent
"Like all multinationals, Google is shifting profits from the locations where they do business to tax havens," US economist and former US Treasury staffer Martin Sullivan said.
December 8, 2012
A Pinch of SALT: State Withholding Tax Considerations Post-Mobile Workforce
Sutherland Asbill & Brennan LLP's JD Supra
<i>State Tax Notes</i> was featured in the December 8 edition of Sutherland Asbill & Brennan LLP's <i>JD Supra </i>.
December 7, 2012
David Brunori and Chris Bergin articles featured in Tax Update Blog
Roth & Company, PC's Tax Update Blog
David Brunori's "The Rich Will Pay for Our Sins" and Chris Bergin's "Fool’s Gold and Loopholes" were featured in the December 7 edition of Roth & Company, PC's <i>Tax Update Blog.</i>
December 7, 2012
Will Political Gridlock End Before Reaching The Fiscal Cliff?
Schweitz Finance
"Reagan was certainly a tax cutter legislatively, emotionally and ideologically. But for a variety of political reasons, it was hard for him to ignore the cost of his tax cuts," said tax historian Joseph Thorndike.
December 6, 2012
Macs made in USA could jump-start American manufacturing
NBC News
Marty Sullivan was highlighted in <i>NBC News </i> on December 6 commenting on Apple's decision to manufacture in the U.S. This article also ran in <i>CNBC.</i>
December 6, 2012
David Brunori and Cara Griffith referenced in Tax Update Blog
Roth & Company, PC's Tax Update Blog.
David Brunori's "Note to Everyone: Business Should Not Pay Sales Tax" and Cara Griffith's "New York Times Article Misses the Mark on San Francisco Tax Exemption" were featured in Roth & Company, PC's <i>Tax Update Blog.</i>
December 5, 2012
Moral Abdication Dressed Up Like Hard-Nosed Realism
Roth & Company, PC's Tax Update Blog
Joe Thorndike's "Moral Abdication Dressed Up Like Hard-Nosed Realism" was featured in the December 5 edition of Roth & Company, PC's <i>Tax Update Blog</i>.
December 5, 2012
Should the Top Marginal Income Tax Rate Be 73 Percent?
Bloomberg
<i>Tax Notes'</i> article "Should the Top Marginal Income Tax Rate Be 73 Percent?" was included in the December 5 edition of Bloomberg's "Obama’s Tax Increases Will Find the Middle Class." It was also included in the December 10 edition of <i> National Review Online</i>, <i>The Sunday Independent</i> (South Africa), and the <i>St. Paul Pioneer Press</i>.
December 4, 2012
Tax Fight Takes Us to the Brink
OURMISSINGNEWS.COM
Joe Thorndike was quoted in OURMISSINGNEWS.COM's blog "Tax Fight Takes Us to the Brink" on December 4.
December 3, 2012
Debt Reckoning
The New York Times
<i> The New York Times' </i> feature "Debt Reckoning" references <i> Tax Notes </i> in its update titled "Looming Fiscal Crisis Could Affect Timing of Dividends."
November 30, 2012
Democrats, GOP Sharpen Rhetoric on Fiscal Cliff Talks
Voice of Russia Radio, American edition
Chris Bergin was featured in <i>Voice of Russia Radio, </i> American edition on in a segment called "Democrats, GOP Sharpen Rhetoric on Fiscal Cliff Talks."
November 30, 2012
Everyone's talking about tax reform. But no one really knows what it would do.
The Washington Post
Marty Sullivan's article "Everyone's talking about tax reform. But no one really knows what it would do." was featured in <i> The Washington Post </i> on Friday, December 30 and in its Sunday Outlook section under the title "If only taxpayers would behave themselves..." It was also featured in <i>South Coast Today </i>, <i> Make Us Believe </i>, and <i> The SVC Beacon </i>.
November 30, 2012
Tax Rates and Deduction Caps
Mauled Again
<i>Tax Notes </i> article "Getting Hamr'd: Highest Applicable Marginal Rates That Nail Unsuspecting Taxpayers" was highlighted in <i>Mauled Again</i>.
November 29, 2012
What's New in State Tax Policy? Pro-Growth Reforms vs. Special-Interest Breaks
Cato Institute
David Brunori speaks at the Cato Institute's session "What's New in State Tax Policy? Pro-Growth Reforms vs. Special-Interest Breaks."
November 28, 2012
U.S. District Court Upholds Willfulness Penalty on Failure to File FBAR
International Enforcement Law Reporter
Jeremiah Coder's "U.S. District Court Allows Second FBAR Penalty Collection to Proceed" was included in the <i> International Enforcement Law Reporter. </i>
November 28, 2012
The Other Cliff; Hint: It’s in Your Tax Return
Tax Update Blog and The Huffington Post
Chris Bergin's article "The Other Cliff; Hint: It’s in Your Tax Return" was highlighted in <i>Tax Update Blog </i> and <i>The Huffington Post. </i>
November 27, 2012
Swiss Bank Pictet Under Investigation by Justice Department
Federal Tax Crimes
<i> Tax Notes Today </i> article "Swiss Bank Pictet Under Investigation by Justice Department" by Kristen A. Parillo was included in <i> Federal Tax Crimes. </i>
November 27, 2012
Canadian Year-End Tax Planning Deadlines For 2012
Mondaq Business Briefing
<i> Tax Notes International </i> article by Steve Suarez and Stephanie Wong was highlighted in <i> Mondaq Business Briefing. </i>
November 27, 2012
Failure to Pass AMT Patch a 'Recipe for Disaster,' Former IRS Official Says
Wealth Strategies Journal
Wesley Elmore's article "Failure to Pass AMT Patch a 'Recipe for Disaster,' Former IRS Official Says" was featured in <i> Wealth Strategies Journal. </i>
November 26, 2012
Deduction Caps Can Raise Marginal Rates, Cut Economic Growth
Tax Prof Blog
<i> Tax Notes </i> article "Deduction Caps Can Raise Marginal Rates, Cut Economic Growth" by Marty Sullivan was featured on <i>Tax Blog. </i>
November 24, 2012
Many Moons Later, the I.R.S. Questions a Tax Deal
The New York Times
<i> Tax Notes </i> article "Synthetic Consolidation: The Next Big Thing?" by Robert Willens was referenced in <i>The New York Times. </i>
November 21, 2012
United States; Illinois Appellate Court Holds Acceptance Of Sales Orders in Jurisdiction Is Necessary To Impose Local Sales Tax
Mondaq Business Briefing
<i>State Tax Today</i> article "The History and Status of Local Sales Tax Sourcing in Illinois" by Stanley R. Kaminski & Keith Staats was referenced on <i> Mondaq Business Briefing. </i>
November 21, 2012
United States; State And Local Tax Insights - Fall 2012
Mondaq Business Briefing
<i>State Tax Notes</i> article "State and Local Tax Implications of Reorganizing Business Enterprises" by Craig B. Fields and Philip M. Tatarowicz was referenced on <i>Mondaq Business Briefing.</i>
November 19, 2012
Tax Roundup, 11/19/2012: Pushing the AMT Patch Over the Fiscal Cliff..."
rothcpa.com
<i>Tax Notes Today</i> article "Stand-Alone AMT Patch, Extenders Bill Unlikely, W&M Leaders Say" (2012 <i>TNT</i> 223-6) by Lindsey McPherson, was quoted on Roth & Company PC's <i>Tax Update Blog. </i>
November 16, 2012
Tax Roundup, 11/16/2012: Yes, Failure is an Option, And Lawyers!
rothcpa.com
<i>Tax Notes Today</i> article "Failure to Pass the AMT Patch a 'Recipe for Disaster,' Former IRS Official Says" (2012 <i>TNT</i> 225-5) by Wesley Elmore, was quoted on Roth & Company PC's <i>Tax Update Blog. </i>
November 14, 2012
The Global Tax 50
International Tax Review
Tax Analysts contributing editor Lee Sheppard has been recognized as one of the top global tax influencers in <i>International Tax Review</i>'s The Global Tax 50.
November 13, 2012
UK Tax Authorities Have Not Taken a Single Corporation Tax Avoidance Case to Court Since 2004
Tax Justice Network
"Not a single case of tackling transfer pricing (which is, as top US tax expert Lee Sheppard explains, 'the leading edge of what is wrong with international tax.'"
November 1, 2012
The Realities of Tax Reform
Tulane Tax Institute
Marty Sullivan, Tax Analysts contributing editor, discussed “The Realities of Tax Reform” at the 61st Tulane Law Institute November 1st in New Orleans
October 31, 2012
Obama vs. Romney Tax Plan -- Differences in Income Tax Proposals
moneycrashers.com
"Economists, such as Martin Sullivan at Tax Analysts and Mark Zandi at Moody's Analytics, have confirmed the TPC calculations with statements that the plan is not 'mathematically possible.'"
October 31, 2012
Campaign Watchdog: Claim that Barr Supports Tax Breaks for Shipping Jobs Overseas Half-True
The Lexington Herald Leader
"'Under a territorial tax system, the tax incentive to locate jobs in low-tax countries would increase significantly, and I calculate that this would increase employment in low-tax countries by about 800,000 jobs,' economist Kimberly Clausing of Reed College in Portland, Ore., wrote in a research paper published in July in <i>Tax Notes</i>. 'These new low-tax country jobs could displace jobs at home.'"
October 30, 2012
Tax Specialist Martin Sullivan: Romney Tax Plan Is 'Not Mathematically Possible'"
The Huffington Post
"'I like tax reform. I want to broaden the base. It's something I've devoted my life to,' Martin A. Sullivan, chief economist at Tax Analysts, told <i>The New York Times</i>. 'I welcome Gov. Romney and the Republicans' strong push, but the plan doesn't work out. It's not mathematically possible.'"
October 30, 2012
Tax Expert Calvin Johnson 'Skeptical' Whether Romney Pays 'All Taxes He Legally Owes'
Asian News International
"Calvin Johnson wrote a letter to the editor of <i>Tax Notes</i> saying: 'There is good reason to be skeptical of Mitt Romney's claim to have paid all the taxes he legally owes.'"
October 25, 2012
Tax Policy Center in Spotlight for Its Romney Study
The New York Times
"'They're one of the few groups that have this very big, very accurate model,' said Martin A. Sullivan, the chief economist and a contributing editor at Tax Analysts, a specialty publisher. 'What they're doing is just making the best computations available' for others to interpret, he said."
October 24, 2012
Experts on Mitt Romney Tax Plan: Something's Got to Give
politico.com
"In a letter to the editor of <i>Tax Notes</i> on Monday, [former House Ways and Means Committee chief tax counsel John] Buckley, who is also a former JCT chief of staff, said Romney might be able to slash rates by 14 percent while maintaining the current distribution of the tax burden. But under that scenario, he argues, Democrats would have to accept a total tax revenue level of about 19 percent. Democrats tend to think it should be above 20 percent."
October 24, 2012
Hollywood Tax Incentives Come Under Fire
nbcnews.com
"'I think states are realizing that they [Hollywood tax credits] are not worth the cost,' Cara Griffith of <i>State Tax Notes</i> said in an email. 'The reality is that most states have not seen a corresponding increase in jobs created or dollars of revenue brought into the state.'"
October 19, 2012
The Second Annual NYU/UCLA Tax Policy Symposium
Tax Policy Symposium (New York University School of Law)
Joseph Thorndike, Director of Tax Analysts' Tax History Project, presented his paper "Soak-the-Rich Republicans? The Puzzling Persistence of High Tax Rates in the 1950s" at a tax policy symposium held October 19, 2012 at NYU School of Law.
October 16, 2012
Romney Tax Plan: Two Big Unknowns
money.cnn.com
"To pay for any substantive rate reduction, a lot of tax breaks will have to be eliminated or significantly reduced. That means lawmakers will have to say 'no' to lobbyists and constituents in their home states who have enjoyed those breaks. Lawmakers won't have the stomach for it, said Christopher Bergin, president and publisher of Tax Analysts. 'These guys have the political courage of my couch...I'll predict with certainty that Congress will fail [Romney].'"
October 13, 2012
Romney Tax Plan Won't Try to Get More From 'the 47%'
DallasNews.com
"'Certainly when you are running $1 trillion deficits, having half of all Americans not contribute to the cost of the government is fiscally irresponsible,' Hodge said at an event Friday sponsored by Tax Analysts."
October 11, 2012
David Brunori referenced as "the leading journalist on state taxes."
KPFA, 94.1 FM Berkeley
KPFA, 94.1 FM Berkeley's October 11 edition includes an interview with David Cay Johnston in which he calls David Brunori "the leading journalist on state taxes."
October 11, 2012
Gov. Quinn Earns an 'F' for His Tax and Spending Record
US State News
"The Washington, D.C.-based think tank [the Cato Institute] used statistical data provided by the National Association of State Budget Officers (NASBO), the National Conference of State Legislatures (NCSL), the Tax Foundation, state budget agencies, news articles from <i>State Tax Notes</i> and other sources."
October 4, 2012
What the US Senate Heard About Offshore Profit Shifting
Transfer Pricing Week
"Adding to the media coverage, in an article published on July 30, Lee Sheppard, a contributing editor of Tax Analysts, issued a comprehensive critique in a piece entitled 'Is Transfer Pricing Worth Salvaging.' Sheppard went as far as to say that the transfer pricing is 'the leading edge of what is wrong with international taxation.'"
October 3, 2012
Obama Says Tax Code Rewards Firms for Shifting Jobs Overseas
politifact.com
"[Richard] Harvey [formerly a partner with Pricewaterhouse Coopers, now at Villanova School of law] said the tax tools that multinationals can use give them a competitive advantage over domestic firms. He points to the work of Martin Sullivan, chief economist at Tax Analysts, a nonprofit news service. Sullivan told the House Ways and Means Committee that the tax revenues lost through deferral and transfer pricing were worth between $30 billion to $60 billion a year."
October 3, 2012
How China Got Businesses to Pay Taxes
The Christian Science Monitor
A decade ago China was losing one billion yuan ($158 million) a year in tax revenues according to Junmin Wan, a Chinese scholar at Japan's Fukuoka University, citing calculations study in the journal <i>Tax Notes International</i>.
October 1, 2012
Setting Up Firm Procedures to Fight Identity Theft
The Tax Adviser
"According to a recent Tax Analysts article (Hoffman, 'Practical Advice for Practitioners Combating Taxpayer Identity Theft,' 135 <i>Tax Notes</i> 1453 (June 18, 2012), tax professionals should start by educating their clients about identity theft."
October 1, 2012
Obama, Romney On Taxes: Similar Plans, Few Details
NPR's All Things Considered
"Despite their superficial agreement, though, <i>Tax Notes</i> columnist Bruce Bartlett says the two men approach a tax overhaul with very different goals: 'For Republicans, it really only means one thing, and that is lowering statutory rates. ... When Democrats talk about tax reform, I think they're mainly concerned about the distribution of taxation and ... to get the wealthy to pay a larger share. So clearly there's an enormous gulf between their two perspectives.'"
September 27, 2012
UK Tax Reform: A Road Map for the U.S.?
American Enterprise Institute (AEI) for Public Policy Research Panel Discussion, September 27th, 2012, Washington DC
Marty Sullivan, Tax Analysts contributing editor, moderated a panel discussion on the applicability of the U.K. corporate tax reform program in the U.S (http://www.youtube.com/watch?v=pR5Daw-rZhY&feature=relmfu, beginning at the 45:20 minute mark).
September 27, 2012
UK Tax Reform: A Road Map for the U.S.?
American Enterprise Institute for Public Policy Research Discussion
Marty Sullivan, Tax Analysts contributing editor, will take part in a discussion on "UK Tax Reform: A Road Map for the U.S.?" sponsored by AEI September 27th (the event will be streamed live on www.american.com/watch/aei-livestream).
September 26, 2012
How Romney's Tax Rate Compares To Past Presidents
Forbes
"Compared to a peer group of U.S. presidents, Republican presidential nominee Mitt Romney's effective rate is the lowest since Richard Nixon who started the tradition of presidents disclosing their federal income tax returns, according to Tax Analysts."
September 26, 2012
Romney's Tax Rate Lower Than Any President's Since Nixon
thinkprogress.org
"Mitt Romney is worth double the sum of the last eight presidents' wealth, but he has paid one of the lowest tax rates. According to Joseph Thorndike at Tax Analysts, only President Richard Nixon paid a lower tax rate, at 6.1 percent, in the last 40 years."
September 26, 2012
Estate Tax Indecision by Congress Could Mean Big Tax Liabilities
advisorone.com
"Joseph Thorndike, contributing editor with Tax Analysts, told AdvisorOne in an email message that he doesn't foresee the likelihood of 'full repeal' of the estate tax, but he also doesn't believe there will be 'a reversion to the pre-Bush estate tax, either.' What's most likely to happen, he says, is that Congress will extend the current 35% rate and $5 million exemption this year."
September 26, 2012
Romney's Tax Rate Would be Lowest Since Nixon
CNNMoney
"No one has accused Romney of anything like Nixon's aggressive tax avoidance. But Nixon's experience is still a cautionary tale. Right or wrong, Americans care a lot about the taxes paid by their presidents. And given the way we started down this path of presidential tax disclosure, Americans might be forgiven if they want to pry a little." -- Joseph Thorndike, columnist for <i>Tax Notes</i> magazine.
September 22, 2012
Investment Income Tax Could Be Key in Fiscal Talks
CQ Weekly
"For all the talk of loopholes and tax evasion, 'the capital gains tax is everything when it comes to the fairness of the tax system,' says Martin Sullivan, a former Treasury Department economist and columnist for <i>Tax Notes</i> magazine."
September 20, 2012
NYC No Longer Planning to Increase Tax Liability of Private Investment Firms
SNL Financial Services Daily
"The New York City mayor's office has requested that the Department of Finance drop plans that would have increased the tax liability of hedge funds and private equity firms in the city, the <i>New York Observer</i> reported Sept. 18, citing an article published by Tax Analysts."
September 18, 2012
City Kills Plan to End Hedge Fund Tax Break
The New York Observer
"The New York City Department of Finance is backing off a proposed policy change that would have increased the tax liability of hedge funds and private equity firms, according to an article published by Tax Analysts."
September 18, 2012
'Secret' Romney Fundraising Video Brings Taxes Back into Campaign
"Morning Drive" (KNX 1070 - CBS Radio Los Angeles)
Christopher Bergin, president and publisher of Tax Analysts, was interviewed on the "Morning Drive" show (KNX 1070 - CBS Radio Los Angeles).
September 14, 2012
A Tax Tactic That's Open To Question
The New York Times
"In an article that appeared in the journal <i>Tax Notes</i> in 2009, Gregg D. Polsky, a tax law professor at the University of North Carolina School of Law who formerly worked in the I.R.S. office of chief counsel, said he believed the I.R.S. had good arguments that would be likely to prevail in court."
September 10, 2012
North Carolina's Missing Transparency Ill Serves State's Taxpayers
The Huffington Post
"Both states and taxpayers benefit from open dialogue and information exchange with regard to tax determinations. North Carolina lawmakers should permit open public access to all letter rulings and tax determinations -- a move that will enhance taxpayer compliance and lead to a fairer and more even playing field for all taxpayers." -- Christopher Bergin, president and publisher of Tax Analysts.
September 4, 2012
Reid Speech Kicks Off Convention
Reno Gazette-Journal
"Romney has agreed to release two years of his tax returns, though Democrats want him to release multiple years. The tradition of presidential candidates releasing multiple years of tax returns began in the 1970s, said Joseph Thorndike, director of the Tax History Project at Tax Analysts and a visiting scholar in history at the University of Virginia."
September 3, 2012
Exit from Bain Gave Romney Rare Benefits in Retirement
The Washington Post
"Some tax experts worry that the arrangements Romney benefits from set a bad precedent for a president. 'He looks for every tax angle to a degree that is unbecoming in someone who would be the executive in command of the administrative apparatus that enforces the tax law,' said Lee Sheppard, a tax lawyer and contributing editor for Tax Analysts, a publication for accounting and legal professionals."
September 1, 2012
City Kills Plan to End Hedge Fund Tax Break
The New York Observer
“The New York City Department of Finance is backing off a proposed policy change that would have increased the tax liability of hedge funds and private equity firms, according to an article published by Tax Analysts."
August 28, 2012
Bain Capital Tax Documents Draw Mixed Reaction
NPR's All Things Considered
"But Lee Sheppard takes a different view - that funds have been allowed to exploit a grey area of the law. Sheppard is a tax attorney and contributing editor of <i>Tax Notes</i>. She says the fact that so many firms have done this does not make it right by the law."
August 28, 2012
Mitt Romney's Tax Mysteries: A Reading Guide
propublica.org
"Lee Sheppard of the blog <i>Tax Notes</i> argues that compensation packages should not include capital gains from funds which the individual had nothing to do with."
August 28, 2012
Research and Commentary: Tax Increment Financing
States News Service
"Joan M. Youngman of the Lincoln Institute of Land Policy writes in <i>State Tax Notes</i> about the especially problematic structural elements of TIF: the dubious definition of blight, the assumption that any future property value increases are caused by TIF, and above all the ability of a TIF district to appropriate the future tax base growth of other, overlapping jurisdictions, most notably school districts."
August 24, 2012
Romney's Taxes: It's The Carried Interest, Stupid
Forbes
"...now for those who, inexplicably, would rather spend their free time reading <i>Fifty Shades of Grey</i> than <i>Tax Notes</i> columnist Lee A. Sheppard, some background is needed. Carried interest is the 20% or so of profits that managers of private equity and hedge funds demand from their investors."
August 23, 2012
Top U.S. Tax Expert in Savage Attack on Transfer Pricing Rules
Tax Justice Network
"Lee Sheppard of Tax Analysts is one of the world's top experts in international tax, as well as being a soccer expert, a formidable intellect, and quite a character. She has just issued one of the most devastating critiques ever made of the prevailing system for taxing multinational corporations, in a nine-page document entitled "Is Transfer Pricing Worth Salvaging?".
August 20, 2012
Romney Tax Flap Highlights U.S. Transparency Debate
RIA Novisti
"'Mitt Romney is not the skimpiest, and he's not the most forthcoming,' explained Joseph Thorndike, director of the Tax History Project at Tax Analysts, a publisher focusing on tax policy. 'But he's definitely on the skimpy end of the spectrum when it comes to disclosure.'"
August 18, 2012
Wake Up Everybody show for August 18th
Wake Up Everybody show (KPOO radio, San Francisco)
Lee Sheppard, Tax Analysts contributing editor, discussed Mitt Romney’s taxes on the Wake Up Everybody show (KPOO 89.5 FM, San Francisco), August 18th.
August 17, 2012
Check-off for Charity: Firefighter Fund is Newest Option on Income-tax Form
lohud.com
"A 2007 report in Washington-based Tax Analysts' <i>State Tax Notes</i> publication found that the expansion of options for donations nationwide has not led to corresponding increases in contributions."
August 16, 2012
Wakeup Call Show for August 16th
Wakeup Call show (Pacifica Radio, New York)
Lee Sheppard, Tax Analysts contributing editor, discussed Mitt Romney’s taxes on the Wakeup Call show (Pacifica Radio, WBAI 99.5FM, New York), August 16th.
August 14, 2012
A Tax Expert Takes Closer Look at Romney's Tax Returns
nakedcapitalism.com
"<i>Tax Notes</i> has seen fit to put an informative article by Lee Sheppard about Mitt Romney's tax returns outside of its paywall. This piece shows that questions about what might lurk in the returns that Romney has withheld has diverted attention from some dodgy tax issues in the filings he has provided."
August 11, 2012
Even Broke California Joins Tax-Free Olympics Movement
Forbes
"'I don't think they are going to be melting down their medals to sell any time soon and we shouldn't make them do it in order to pay taxes' [California State Assembly Republican Member Curt] Hagman told Tax Analysts."
August 10, 2012
Obama Sees Merit in Tax Fight
The Baltimore Sun
"'Ronald Reagan scared Democrats away from all tax issues for the longest time,' said Joe Thorndike, director of the Tax History Project at Tax Analysts, a publisher of tax information. 'But this is a significant change in rhetoric and ideological framing for the post-Reagan era.'"
August 9, 2012
Schumer, Gillibrand Among Five Senators Who Release Tax Info
USA Today
"Every president since Richard Nixon has released his tax returns for the years he's served in the White House, but there's no established practice for presidential candidates, according to Joe Thorndike, director of the Tax History Project at Tax Analysts in Falls Church, VA."
August 6, 2012
Doubts Growing About Romney's Election Chances
Spiegel Online
"Lee Sheppard, a columnist with the industry paper <i>Tax Notes</i>, has spent decades wading through books on taxation. But even Sheppard took a few days to figure out what Rafalca was doing in the 203-page tax return of Ann and Mitt Romney."
August 2, 2012
U.S. Rep. Gary Peters Votes Against GOP Bill to Protect Bush Tax Cuts for Millionaires
peters.house.gov
<i>Tax Notes</i> article “A Challenging Time for International Tax Policy” by Kimberly A. Clausing was quoted by Rep. Gary Peters (D-MI) on his website.
August 1, 2012
Where the Money Lives
Vanity Fair
"Lee Sheppard, a contributing editor at the trade publication <i>Tax Notes</i>, whose often controversial articles are read widely by tax professionals, is nonplussed that the Obama campaign has been so listless on the issue of carried interest. 'Romney is the poster boy, the best argument, for taxing this profit share as ordinary income,' says Sheppard."
July 29, 2012
Rules Governing Tax Write-Offs for Horses Complex
San Francisco Chronicle
"'If you think what you are doing is a business, and you are conducting it like a business, you can treat it like a business on your tax return until the IRS comes to you and argues, this is not a business,' says Lee Sheppard, a contributing editor to the journal <i>Tax Notes</i>.
July 24, 2012
Large Investment Fund Partnerships Elude IRS Audits
accountingtoday.com
<i>Tax Notes</i> article “Audit Proof? How Hedge Funds, PE Funds, and PTPs Escape the IRS” by Amy Elliott was quoted on accountingtoday.com.
July 24, 2012
Tax Roundup, 7/24/2012: Why Should Death be Simple? Film Trial Starts; did Corporate Welfare Doom Curt Schilling?"
rothcpa.com
Rothcpa.com quoted <i>Tax Notes Today</i> article "Simple Estate Tax Return for Electing Portability Not Expected" by Matthew Dalton in its July 24th Tax Roundup.
July 23, 2012
Apple's Hidden Profits: Billions Tucked Away for Taxes it May Never Pay
The Associated Press
"'When you capitalize that [tax liability accumulated from overseas profits] into the future, it might be tens of billions of dollars,' said Martin Sullivan, an economist with Tax Analysts, a non-profit publisher."
July 23, 2012
How Hedge, Private Equity, and Venture Capital Funds Escape IRS Scrutiny
TaxProf Blog
<i>Tax Notes</i> article by Amy Elliott "Audit Proof? How Hedge Funds, PE Funds, and PTPs Escape the IRS" was highlighted by TaxProf Blog.
July 21, 2012
No Taxation Without Consternation
Congressional Quarterly Weekly
"But Joseph Thorndike, a historian and columnist for <i>Tax Notes</i> magazine, draws a different lesson [from the Whiskey Rebellion of the early 1790s]: 'The founders created this power to tax, imbued the federal government with it, and the federal government through its elected representatives chose to exercise it. There was then a resistance movement to it. And they crushed it. They crushed it with George Washington at the head of the army himself.'"
July 20, 2012
A Surprising History of Political Disclosure
On the Media
Joseph Thorndike, director of Tax Analysts' Tax History Project, discussed the history of tax disclosure among presidential candidates on National Public Radio's <i>On the Media</i> program.
July 19, 2012
Tax Professionals Scrutinize Mitt Romney's Returns
National Public Radio
"Lee Sheppard, who's a contributing editor at the journal <i>Tax Notes</i>, wants to know how Romney amassed so much money in his tax-deferred retirement account: 'All we know is that its a big number, and we're a little bit baffled as to how it got so big.'"
July 19, 2012
Romney and the Tax Return Precedent
factcheck.org
"'There is no standard,' said Joseph J. Thorndike, director of the Tax History Project at Tax Analysts, a nonprofit, nonpartisan publisher of tax information. 'Some candidates have released a lot more returns and others about the same number. It depends on the particular politics at the time and if they are trying to pressure the people they are running against to release more of their returns. Someone will release a lot of returns when they have an advantage over their opponent.'"
July 19, 2012
Tax Transparency in North Carolina
TaxProf Blog
<i>State Tax Notes</i> article by Amy Hamilton "Transparency in North Carolina: Portrait of a State in Flux" was highlighted by TaxProf Blog.
July 19, 2012
Romney: Obama Worried About Own Job, Not Americans
Agence France Presse
"Campaign spokeswoman Lis Smith recalled a recent report [“A Challenging Time for International Tax Policy” by Kimberly A. Clausing] by specialized periodical <i>Tax Notes</i>, which said Romney's economic plan would create 800,000 jobs overseas."
July 18, 2012
Awkward: Obama Jobs Panel MIA
Politico.com
"'Gov. Romney's economic plan would, in fact, create 80,000 jobs. There's only one problem: The jobs wouldn't be in America...They'd be in other countries,' Obama said, pointing to a recent study by the nonprofit journal <i>Tax Notes</i>."
July 18, 2012
Expect More Small Biz-Washing as Election Day Nears
businessweek.com
"That [the category of "flow-through" businesses] includes 'some very large companies that you might think are paying corporate taxes,' says Martin Sullivan, chief economist at the nonprofit publisher Tax Analysts who worked in the Treasury Department during the George H.W. Bush administration."
July 18, 2012
White House Press Secretary Jay Carney Holds White House Regular News Briefing
Political Transcript Wire
White House Press Secretary Jay Carney referenced <i>Tax Notes</i> article "A Challenging Time For International Tax Policy" by Kimberly A. Clausing, during White House News Briefing July 18th.
July 18, 2012
Candidates Have History of Releasing Tax Returns
wpbf.com
"Experts, however, say the attempt at privacy may be futile. Joseph Thorndike, Director of the Tax History Project at Tax Analysts, said in today's political environment 'these guys don't have any privacy in any sphere' and that 'getting hung up in tax privacy seems a little anachronistic.'"
July 18, 2012
Romney Should Release His Tax Returns
The Wall Street Journal
"Mr. Romney would be well advised to simply cough up a decade's worth of returns. In all likelihood, the only thing he's hiding is more of the sophisticated tax avoidance that he's already demonstrated and that rich people engage in every day. Laudable? No. But not illegal, either." -- Joseph Thorndike, Tax Analysts contributing editor.
July 18, 2012
The Future of International Taxation -- Point Counterpoint
International Tax Institute, Inc.
Lee Sheppard, Tax Analysts contributing editor, debated the future of international taxation at a conference hosted by the International Tax Institute July 18th in New York.
July 17, 2012
Romney's Misleading History of Tax Returns Issued by Presidential Contenders
The Washington Post
"The Tax History Project run by Tax Analysts has a fascinating Web page with the tax returns of presidents and presidential candidates, dating all the way back to Franklin D. Roosevelt."
July 17, 2012
Uncertainty on Taxes Has a High Cost for US Economy
The Boston Globe
"According to Joseph J. Thorndike, director of the Tax History Project at Tax Analysts, tax rates aren't nearly as important to economic growth as people think."
July 17, 2012
Why is Mitt Romney Hiding His Tax Returns?
Agence France Presse
"'It could be that he maybe did something that was kind of shady, not in an illegal sense, but got his effective tax rate very low,' said Martin Sullivan of Tax Analysts."
July 17, 2012
Fact-checking Obama's Remarks
The Cincinnati Enquirer
"The 'new study' Obama referenced is an analysis written by Kimberly A. Clausing, a professor of economics at Reed College. Clausing recently wrote in a <i>Tax Notes</i> article that a 'pure territorial system' would do two things: 'First, it would eviscerate the U.S. corporate tax base by eliminating any constraints to shifting income abroad,' she said. 'Second, it would encourage job creation abroad instead of at home.'"
July 16, 2012
President Obama Hosts First 2012 Town Hall
The National Journal
"Obama began the Cincinnati, Ohio, event by criticizing presumptive Republican nominee Mitt Romney's tax proposals, citing a <i>Tax Notes</i> report that said Romney's plan would create 800,000 jobs overseas. 'We have not found any serious economic study that says Governor Romney's economic plan would actually create jobs until today,' Obama said. 'I've got to be honest. Today we found out there's a new study out by nonpartisan economists that says Governor Romney's economic plan would in fact create 800,000 jobs. There's only one problem: The jobs wouldn't be in America.'"
July 13, 2012
Changing Society One Tax at a Time
The Hill
"Last month, the Supreme Court upheld the constitutionality of the Affordable Care Act by defining the individual mandate as a tax...In essence, the Court endorsed the practice of lawmakers encouraging or discouraging individuals to change behaviors through the tax system. Whether you believe that this is a good health care policy or not, most would agree that it's lousy tax policy." -- Christopher Bergin, president and publisher of Tax Analysts.
July 13, 2012
CA BOE Appoints Cynthia Bridges Executive Director of Tax Administration Agency
Los Angeles Sentinel
"Last year, Bridges was selected as one of the 'Top 10 Tax Administrators' by the publication <i>State Tax Notes</i>..."
July 9, 2012
The Huckabee Report for July 9, 2012
The Huckabee Report
Christopher Bergin, president and publisher of Tax Analysts, discussed President Obama's proposal to extend the Bush tax cuts.
July 3, 2012
Tax Roundup, 7/3/2012: A solution to ID-theft refund fraud? Plus lots of Obamacare, and Zombies.
rothcpa.com
Roth & Company PC blogsite referenced <i>Tax Notes Today</i> article “2013 Filing Season Already at Risk From Tax Changes, Extenders, Taxpayer Advocate Says” by William Hoffman, and <i>Tax Notes</i> article "The Economic Case for Unlocking Foreign Profits" by Martin Sullivan.
July 2, 2012
Today on the Podcast: Joseph Thorndike
FixTheTax.org
Joseph Thorndike, director of Tax Analysts' Tax History Project, was interviewed on a two-part podcast (June 18th and July 2nd).
June 29, 2012
Tax Roundup, 6/29/2012: Supreme Court Frenzy Edition
rothcpa.com
Roth & Company blogspot links to commentary by Christopher Bergin, president and publisher of Tax Analysts, and David Windish and Martin Sullivan, Tax Analysts contributing editors.
June 29, 2012
Interview with Christopher Bergin
Executive Leaders Radio
Christopher Bergin, President and Publisher of Tax Analysts, was interviewed on Executive Leaders Radio. The interview airs on WNEW 1580 AM (Washington DC) Saturday, July 14th, 10-11 am; and on WFED 1500 AM (Washington DC) and WWFD 820 AM (Frederick, MD) Sunday, July 15th, 9-10am.
June 28, 2012
Interview with Christopher Bergin, president and publisher, Tax Analysts
Executive Leaders Radio
Christopher Bergin's interview on Executive Leaders Radio can be heard on http://www.executiveleadersradio.com/bergin-christopher-3265.aspx (starting at 41:45 minute mark).
June 28, 2012
Jersey to Take Ball, Go Home
taxpol.blogspot.com
Tax, Society, and Culture blogspot quotes recent <i>Tax Notes Today</i> article "Jersey Threatens to Cut Ties With U.K. Over Tax Accusations" by Randall Jackson.
June 28, 2012
The IRS Ruling in Administering the Health Care Law
Federal Information and News Dispatch, Inc.
"In a recent interview with Tax Analysts about current health reform proposals, a former IRS assistant commissioner had this to say about the IRS's role in health reform. 'These kinds of programs require social welfare expertise. IRS agents are not recruited or trained to do that well. The IRS record is mixed and sometimes abysmal with regard to effectively administering these kinds of programs.'"
June 28, 2012
Roberts Hands GOP a Theme: It's About Taxes
Congressional Quarterly Today
"Most tax breaks are positive incentives while the mandate works as a negative incentive, imposing a cost on those who do not take part, said Martin Sullivan, an economist who writes for the trade journal [<i>Tax Notes</i>, published by] Tax Analysts."
June 26, 2012
Is the US Tax System Fair?
The Christian Science Monitor
"'Every major [tax structure] change in the last 200 years has been prompted and shaped by an argument over what's fair,' said Joseph Thorndike, director of the Tax History Project at the nonprofit organization Tax Analysts, at a June 15 roundtable discussion on taxes and the rich."
June 22, 2012
Next Up in Tax Reform Debate: Capital Gains
advisorone.com
"Martin Sullivan, chief economist at Tax Analysts, says that it is 'becoming increasingly clear among tax experts that the better way to provide tax relief to capital income is through reduction of the corporation tax rather than through capital gains relief.' Of course, he adds, 'it would be an extremely tough political sell, but look for these hearings to explore the possibility of raising the capital gains tax rate in exchange for a reduction in the corporate tax rate.'"
June 22, 2012
Haven for the Rich, Hell for the Rest of Us
Inroads
"According to an October 2007 report published by Tax Analysts, a U.S. tax policy organization, 'At the end of 2006, there were $491.6 billion of assets in the Jersey financial sector beneficially owned by non-Jersey individuals who were likely to be illegally avoiding tax on those assets in their home jurisdictions."
June 20, 2012
Rosenbloom Essay on Failure of Discourse between U.S. & Switzerland
federaltaxcrimes.blogspot.com
"David Rosenbloom of Caplin and Drysdale has published an interesting article in <i>Tax Notes</i>...Switzerland and the U.S.: What We Have is a Failure to Communicate, 135 <i>Tax Notes</i> 1389 (June 11, 2012)."
June 19, 2012
Joe Thorndike: He's The (Tax) Man
06880danwoog.com
06880 blogspot profiles Joseph Thorndike [Tax Analysts contributing editor] and "one of the leading experts on tax history in the country."
June 17, 2012
The Two Faces of the GOP
The Washington Post
"'Although he cut taxes when he could, he raised them when he had to,' economist Bruce Bartlett wrote of Reagan in a 2011 article in <i>Tax Notes</i>.
June 16, 2012
Making Wall Street Pay and the Nation Smile
baltimoresun.com
"'Wall Street leaders complained that any hike would be ruinous,' Joseph Thorndike, a contributing editor of Tax Analysts, a non-profit tax-news source, wrote a few years ago."
June 15, 2012
Tax Analysts
c-spanvideo.org
Roundtable discussion "Taxes and the Rich," hosted by Tax Analysts at the National Press Club, was broadcast on C-SPAN2.
June 15, 2012
Taxing the rich: What's fair?
money.cnn.com
"The starting point for any discussion of tax fairness should be a confession: We are just making this stuff up." -- Tax Analysts Contributing Editor Joseph Thorndike in a recent CNNMoney article.
June 15, 2012
Bush Adviser: Increasing Taxes On High Earners Can Hurt Growth
The White House Bulletin
"It is important to recognize that raising taxes on high income individuals bears economic costs, said Robert Carroll, former senior economist on the President's Council of Economic Advisers in the Bush Administration, at a discussion hosted by Tax Analysts this morning."
June 13, 2012
Taxmaggedon Looms
huffingtonpost.com
"History may well remember 2012 as the year our leaders finally drove the United States off a fiscal cliff due to their disastrous tax and spending policies." -- Christopher Bergin, Tax Analysts president and publisher.
June 11, 2012
Congress Must Act to Prevent 'Taxmaggedon'
Roll Call
"History may well remember 2012 as the year our leaders finally drove the United States off a fiscal cliff with their disastrous tax and spending policies." -- Christopher Bergin, president and publisher of Tax Analysts.
June 7, 2012
Sweet Deal for Soda
The Boston Globe
"It's true we're in a period of virulent anti-tax hysteria in this country -- including in Massachusetts. 'Americans want, at every level of government, a helluva lot more services than they're willing to pay for,' says David Brunori, editor at the non-partisan, Virginia-based Tax Analysts."
June 7, 2012
6 of the Richest Owed No Income Tax
money.cnn.com
"...the likely reason is straightforward. 'It's because the tax code allows them to do it,' said tax lawyer Christopher Bergin, president and publisher of Tax Analysts."
June 7, 2012
Research and Commentary: Enterprise Value Tax
States News Service
"Writing in <i>Tax Notes</i>, Jack Levin, Donald Rocap, and William R. Welke caution legislators against justifying the enterprise value tax based on large gains earned by a few venture capital, private equity, real estate, and hedge fund principals in a few select years before onset of the 2006-2009 recession."
May 30, 2012
New Survey: Taxmageddon Paralyzes Business Plans
The Fiscal Times
“Martin Sullivan, a former Treasury Department economist and contributing editor at Tax Analysts says he’s puzzled by the business community’s preoccupation with tax uncertainty over rates. ‘To say uncertainty is the cause of all businesses problems now or is an excuse for not investing in their long-term future is not rational. Businesses always face uncertainty, and let’s face it. Even if a tax law gets passed, you have very little certainty that that will be tax law five years from now. In fact, you can almost guarantee it won’t be,’ Sullivan said.
May 30, 2012
Amazon May End Up Sharing California Tax
The Wall Street Journal
"California cities aren't unique in considering sales-tax rebates for retailers. According to a report last year by nonprofit publisher Tax Analysts, local sales-tax sharing deals have become common over the past decade and a half in U.S. cities seeking to lure businesses, though 'they generally have been kept buried in the often ignored annals of city council meeting minutes.'"
May 26, 2012
Hatch Debate? What Would Reagan Do?
The Salt Lake Tribune
"Bills he signed in 1982 and 1984 together constituted the largest peacetime tax increase in U.S. history, according to tax historian [and Director of Tax Analysts Tax History Project] Joseph Thorndike."
May 25, 2012
David Brunori: Why Maryland Should Reject More Gaming
Gazette.Net
"...gambling is a particularly insidious way of paying for government services. It targets the poor and comes with a high social cost, and states should not expand gambling any further." -- David Brunori, Executive Vice President of Editorial Operations, Tax Analysts.
May 23, 2012
Tax Due and Owing, Tax Loss, Restitution, Civil Tax (5/23/12)
federaltaxcrimes.blogspot.com
"Today, I make an offering on some legal jargon all having to do with tax evaded in a criminal case. This article is inspired by the following article: Jeremiah Coder [Tax Analysts contributing editor], "ABA Meeting: DOJ Officials Discuss Calculating Tax Loss for Restitution and Sentencing," 2012 TNT <i>Tax Notes Today</i> 94-8 (5/15/12)."
May 19, 2012
Should We Raise Taxes on Wall Street?
The Washington Post
"The idea, admits tax lawyer [and Tax Analysts contributing editor] Lee Sheppard, would prompt bankers to 'look at you balefully, like you just ran over their dog.'"
May 18, 2012
Facebook Tax Loophole Draws Fire
cbsnews.com
"Martin Sullivan, chief economist at publisher Tax Analysts, notes that companies are allowed under the law to deduct the value of their expenses. But he agrees that the deductibility of stock options amounts to a loophole. In essence, Facebook is allowed to take a tax deduction that may not match up with its future income."
May 17, 2012
Your Employer May be Pocketing Your State Income Tax
The Christian Science Monitor
David Brunori, Executive Vice President, Editorial Operations, Tax Analysts, explains in this article how employees pay for state tax incentives for businesses.
May 17, 2012
How Apple Avoids Paying Billions in Taxes
pbs.org
"'Because our tax laws are leaky, the consultants and the economists and the lawyers that work for these corporations are able to shift the profits out of the reach of the IRS and into the tax havens,' explained Martin Sullivan, a former Treasury Department economist who recently studied Apple's taxes."
May 16, 2012
Metropolitik: Lack of Support Means Long, Negative Summer
metro.us
"Take Romney's proposal to lower individual income tax rates by 20 percent...'It's just not doable under any conceivable, realistic scenario,' says Martin Sullivan, contributing editor at Virginia's Tax Analysts."
May 15, 2012
JPMorgan and the London Whale: Should we Tax Securities Investments?
The Christian Science Monitor
"The differences between FAT [financial activities tax] and FTT [financial transactions tax] can be pretty arcane. As New York University law professor Dan Shaviro, who has written a terrific paper for <i>Tax Notes</i> on the subject, says 'It is difficult to imagine a question that initially sounds as tedious as whether we should tax financial transactions or activities.'"
May 5, 2012
Romney's Conflicting Tax Goals Make Burden Shift Likely
Bloomberg Businessweek
"Those goals are in conflict and will require that Romney consider limiting or eliminating the tax breaks for charitable deductions and home mortgage interest, said Martin Sullivan, contributing editor at Tax Analysts in Falls Church, Virginia."
May 3, 2012
What Do You Mean By The U.S. Tax System Isn't 'Fair?'
forbes.com
"It all depends on what you mean by fair, of course, but an Urban Institute panel this week, two economists, a tax historian [Tax Analysts Joe Thorndike], and a philosopher agreed that in many important ways, it very likely is not."
May 2, 2012
What's Apple to Do?
TaxBytes Blog (Institute for Policy Innovation)
"...as Christopher Bergin, publisher of <i>Tax Notes</i>, reminds us 'Taxpayers, corporate or individual, have the responsibility to pay the tax the law requires, and only the tax the law requires, and the right to give the rest of their money, or not, to whomever they want.'"
May 1, 2012
Apple Didn't Get Where it is by Doing Stupid Things
rothcpa.com
"[Tax Analysts President and Publisher Christopher] Bergin explains where the real problem is: 'California is in bad shape because it has made stupid and sometimes irrational, fiscal policy decisions over decades (I know; I used to live there). How is that Apple's problem?'"
April 30, 2012
How Apple, Other Tech Companies Take Advantage of U.S. Tax Code
PBS Newshour
Martin Sullivan, Tax Analysts contributing editor, discussed what leading tech companies pay in taxes.
April 30, 2012
Apple's Tax Tricks
CNN International
"What they're doing is perfectly legal. All large corporations engage in tax planning, and it just turns out that the high-technology companies have more advantages than others." -- Martin Sullivan, Tax Analysts contributing editor, on the Quest Means Business show.
April 29, 2012
Tax Tab; Crunching the Numbers
ABC News
"Because of their [Apple's] patents, which are very mobile [they] are able to get their effective tax rates pretty much cut in half, let's say, from what it should be around 35% to the, to the middle teens or even the single digits." -- Martin Sullivan, Tax Analysts contributing editor, on World News Sunday."
April 29, 2012
Apples Uses Office Locations to Minimize Tax Burden, NYT Reports
bloomberg.com
"Former Treasury Department economist [and Tax Analysts contributing editor] Martin Sullivan estimates Apple paid cash taxes of $3.3 billion worldwide on posted profit of $34.2 billion last year, and would have paid $2.4 billion more in U.S. taxes without the arrangement it has, the newspaper said."
April 28, 2012
How Apple Sidesteps Billions in Taxes
The New York Times
"Without such tactics, Apple's federal tax bill in the United States most likely would have been $2.4 billion higher last year, according to a recent study by a former Treasury Department economist [and Tax Analysts contributing editor], Martin A. Sullivan."
April 26, 2012
Tax Roundup
rothcpa.com
"Tax Analysts reports that Tom Harkin is 'open to considering alternative ways to pay for a student loan interest bill other than taxing subchapter S corporations.'"
April 23, 2012
Why Congress Should Increase the IRS Budget
huffingtonpost.com
In a recent article, Chris Bergin, President and Publisher of Tax Analysts, explains how the IRS "...in recent decades has lived a life on a pendulum, swinging between the goals of law enforcement and of customer service."
April 19, 2012
New York Sues Sprint for $300 Million in Sales Tax Dispute
The Kansas City Star
"New York has the country's third-highest rate at 17.8 percent on wireless services, according to a study by <i>State Tax Notes</i>.
April 18, 2012
Why Does E&Y Get Inside Info from the IRS? A Mini-Mystery for Your Consideration
taxpol.blogspot.com
"It seems like it took a Tax Analysts FOIA battle to get the IRS to start releasing even the most basic of data on its competent authority program, and then it's only done so in aggregate statistical form"
April 18, 2012
One of Life's Certainties, Taxes, Can Take Many (or Fewer) Forms, Depending on the Country
WBEZ 91.5 Chicago
"<i>Worldview</i>'s Jerome McDonald spoke to David Stewart, a legal editor with...Tax Analysts, who explained the origins of the peculiar system used in the United States."
April 16, 2012
Do You Get Warm, Fuzzy Feelings When Paying Taxes?
NPR
Joseph Thorndike, Tax Analysts columnist and co-author of <i>War and Taxes</i>, discussed the history of taxes on TELL ME More from NPR News.
April 16, 2012
Senate Republicans Block Buffet Rule; Democrats Vow Continued Fight
advisorone.com
"...Martin Sullivan, chief economist at Tax Analysts, notes that 'in the world we are likely to be facing for many years to come -- where Republicans have veto power over any tax increases -- a Buffett rule would likely raise much more than the oft-quoted $47 billion figure.' If the Bush tax cuts are extended, he says, 'application of the Buffett rule would raise $162 billion over 10 years.'"
April 12, 2012
Tax Day: 1040 Reasons You Should Know Nina Olson
The Christian Science Monitor
"'She has very much shaped the office,' says Christopher Bergin, publisher of Tax Analysts, a leading tracker of the tax code. 'She's tenacious. She's brilliant. She's a hard driver.'"
April 10, 2012
Former President Bush Talks Tax Policy
CNN Newsroom
Marty Sullivan, Tax Analysts Contributing Editor, argued "There's zero chance of it [the Buffet Rule] ever passing on the standalone basis because of the Republican opposition. And I'm sure some Democrats in swing states and swing districts are not going to be comfortable with voting for a tax rate increase.'"
April 9, 2012
IRS Strikes Tough Balance as 'Nice Bad Guy'
msnbc.com
"The agency, once known as the Bureau of Internal Revenue, changed its name to the Internal Revenue Service in 1953 in an early effort to appear more customer-centric, said Joseph Thorndike, director of the Tax History Project for Tax Analysts."
April 9, 2012
Hiding Money in Havens Isn't as Easy as It Used to Be
The Wall Street Journal
"For an offshore haven to flourish, experts say, it must combine a reliable legal system with other traits. Lee Sheppard, an attorney who writes for the journal <i>Tax Notes</i>, said a haven should be located close to the investors it serves and have native speakers of the clients' language, 'because people want to visit their money and feel it's safe.'"
April 9, 2012
Targeted Tax on Big Oil? Bad Idea
aei.org
"In the April 9 issue of <i>Tax Notes</i> AEI economists Kevin Hassett and Alan Viard discuss congressional attempts to impose targeted taxes on the five largest oil companies."
April 8, 2012
IRS Strikes Tough Balance as 'Nice Bad Guy'
msnbc.com
"The agency, once known as the Bureau of Internal Revenue, changed its name to the Internal Revenue Service in 1953 in an early effort to appear more customer-centric, said Joseph Thorndike, director of the Tax History Project for Tax Analysts."
April 5, 2012
The Tax History Project: A History of Taxes In The U.S.
krupplibrary.wordpress.com
"The Tax History Project [a public service initiative from Tax Analysts] does an excellent job of fulfilling this mission by achieving its goal to 'provide scholars, policymakers, students, the media and citizens with information about the history of American taxation.'"
April 3, 2012
Many States Push Back on Amazon's Tax Deals
The Seattle Times
"Amazon's efforts to avoid collecting sales taxes are defensible in states where it truly has no physical presence, said David Brunori, professor of public policy at George Washington University and contributing editor to <i>State Tax Notes</i> magazine. 'There is nothing irrational or evil about that,' he said."
April 3, 2012
Washington Revives Film Tax Incentives Program
taxfoundation.org
"According to Tax Analysts...SB5539 was signed on March 29th after proponents argued that Washington's film industry is being threatened by those of Oregon and British Columbia."
April 3, 2012
Ronald Reagan Understood 'To Make a Deal He Would Have to Propose Both Spending Cuts and Tax Increases,' said Obama
politifact.com
"Economist Bruce Bartlett reviewed Reagan's tax record, both as president and as governor of California, for a 2011 article in <i>Tax Notes</i>, a respected tax publication."
April 2, 2012
First the Mandate, Then All Tax Incentives
The New York Times
Tax.com post "If Mandate is Struck Down, the Tax Incentives Next?" by Tax Analysts Contributing Editor Martin Sullivan was quoted in <i>The New York Times</i> Economix blog.
March 30, 2012
IRS Issues Regulations on Public Inspections of Material on Organizations Denied Tax Exemptions
accountingtoday.com
"These final regulations amend sections of the Tax Code to eliminate the portions of the previous regulations that the U.S. Court of Appeals for the District of Columbia Circuit, in the case of Tax Analysts v. IRS, held violated Section 6110 of the Code."
March 28, 2012
The Preparer Regulation Power Grab, Explained
rothcpa.com
"David Brunori unleashes righteous anger on the IRS preparer regulation power grab in a wonderful Tax Analysts piece, ["Government Power, Cronyism, and the IRS Running Amok" (134 <i>Tax Notes</i> 1599)]."
March 28, 2012
Tax Execs Expect Obama Reelection, Worry About Higher Tax Rates For The Rich
forbes.com
"As economist Martin Sullivan put it in a recent Tax Analysts column ["Tax Reform Goals Differ for Corporate Coalitions," Tax.com, 3/19/12] 'when it comes to taxes, corporate America is divided into two parts.'"
March 27, 2012
Guess Who Wants to Kill Corporate Tax Reform
The Fiscal Times
"...Companies including Verizon, Disney, and Boeing earn less than 10 percent abroad, according to calculations using annual report data from Tax Analysts' Marty Sullivan."
March 21, 2012
Form 8938 and Real Estate (And Other Foreign Assets)
federaltaxcrimes.blogspot.com
<i>Tax Notes Today</i> article by Marie Sapirie was quoted on federaltaxcrimes.blogspot.com.
March 19, 2012
How to Bring Apple's Overseas Cash Hoard Home
Harvard Business Review Blog
<i>Tax Notes</i> article "Throw Territorial Taxation From the Train" by Edward D. Kleinbard was quoted on the <i>Harvard Business Review</i> Blog.
March 13, 2012
Global Coordination Necessary for International Tax Enforcement
wealthstrategies.com
"Marie Sapirie reports for Tax Analysts on the international coordination that is becoming essential because of the information reporting requirements set forth in FATCA."
March 12, 2012
Expats Protest IRS Treatment of Citizens Overseas
Accounting Today
"[Nina] Olson issued a rare Taxpayer Advocate Directive last August, only the sixth in her office's history, according to <i>Tax Notes,</i> to try to force the IRS to change its audit procedures by revoking a memo from last March that directed IRS examiners to stop accepting less than a 20 percent penalty and assume that a violation is not willful unless proven otherwise."
March 9, 2012
Concerned Organization of Americans Abroad Writes to IRS About Unfair IRS Treatment of Americans Overseas.
news.yahoo.com
"Tax Analysts, a non-profit publisher of tax information, has reported that 'IRS Commissioner Douglas Shulman has no plans to respond in writing to National Taxpayer Advocate Nina Olson's taxpayer advocate directive (TAD) on the IRS offshore voluntary disclosure porgram (OVDP) despite a statutory requirement that taxpayer advocate recommendations be responded to within 90 days, Olson said February 17th."
March 8, 2012
IRS Removes Two-Year Deadline for Requesting Equitable Innocent Spouse Relief
AICPA Tax Insider
<i>Tax Notes</i> article by Tax Analysts Senior Editor Fred Stokeld was quoted by the AICPA <i>Tax Insider</i>.
March 7, 2012
Eby-Brown Company Chief Financial Officer Mr. Mark Smetana's Prepared Testimony for Hearing on Treatment of Closely-Held Businesses in the Context of Tax Reform
House Ways and Means Committee Hearing
"In a recent paper in <i>Tax Notes</i>, David Kautter and Donald Williamson propose that small business recognize income and deductions only when cash is received or expense are paid."
March 7, 2012
Treatment of Closely-Held Businesses in the Context of Tax Reform
House Ways and Means Committee Hearing
Marty Sullivan, a Tax Analysts contributing editor, testified at a hearing before the House Ways and Means Committee on the "Treatment of Closely-Held Businesses in the Context of Tax Reform."
March 6, 2012
Two Good New Books on Tax Reform
forbes.com
"Marty Sullivan -- an economist and long-time columnist and blogger for the highly respected journals published by Tax Analysts, has written a different kind of book. Marty focuses exclusively on the corporate tax and, in about 150 pages, tells you everything you'd want to know about how we tax these firms, why we should do better, and how hard it will be to accomplish that goal."
March 3, 2012
Making the Case for Lower Corporate Taxes
startribune.com
"[Martin] Sullivan is an economist who writes regularly for Tax Analysts, a Virginia-based nonprofit publisher that is a go-to source for news and analysis of tax issues. He has served on the staffs of the Treasury Department and the Joint Committee on Taxation, but you don't have to be a tax wonk to understand or enjoy his most recent book, 'Corporate Tax Reform: Taxing profits in the 21st century.'"
March 2, 2012
Fiscal Affairs: Making the United States More Like Greece
The Huffington Post
<i>The Huffington Post</i> recommends <i>Tax Notes</i> article "Dynamic Scoring: Will S&P Have Company?" by John Buckley (February 28, 2012).
March 1, 2012
Three Big Tax Lies
The American Prospect
David Cay Johnston reviews <i>Corporate Tax Reform: Taxing Profits in the 21st Century</i>, by Tax Analysts contributing editor Marty Sullivan.
February 29, 2012
Tax Rolls Reveal Cars of The Rich (But Not Horses)
forbes.com
"Connecticut is one of only 18 states that assess personal property tax on motor vehicles, according to David Brunori, a public policy professor at George Washington University and contributing editor of <i>State Tax Notes</i>."
February 29, 2012
Alabama Aims to Shield Tax Incentives from Legal Challenges
The Tax Foundation
"Tax Analysts' David Brunori points out the bill [HB 160] 'would allow the governor "at his or her discretion" to let a company keep from 50 to 90 percent (again at the governor's discretion) of the state income tax withheld from workers.'"
February 28, 2012
IRS Regulations Broaden Disclosures of Tax-Exemption Determinations
Journal of Accountancy
"In response to the D.C. Circuit's holding that the regulations the IRS had relied on to not disclose rulings denying or revoking organizations' tax-exempt status violated the disclosure provisions of Sec. 6110 (<i>Tax Analysts</i>, 350 F.3d 100 (D.C. Cir. 2003)), the IRS has issued final regulations amending the earlier regulations (T.D. 9581).
February 27, 2012
Payroll Tax Cut Extension: Just Another Quick Fix
thehill.com
Christopher Bergin, president and publisher of Tax Analysts, discussed the prospects for tax reform on The Hill's Congress Blog.
February 24, 2012
From George Romney To Mitt, A Shrinking Tax Rate
NPR's All Things Considered
"'Definitely the 1960s were a different time than today,' says Joseph Thorndike, director of the Tax History Project at Tax Analysts. 'People were more comfortable with higher rates than we are today.'"
February 23, 2012
To Close Tax Loopholes, Obama Would Open New Ones
The Associated Press
"'The administration is not making sense,' says Martin Sullivan, contributing editor at publisher Tax Analysts. 'The whole idea of corporate tax reform is to get rid of loopholes, and this plan is adding loopholes back in.'"
February 23, 2012
Obama’s Tax Plan Neither Simplifies Nor Reduces
thenewamerican.com
"Obama’s plan would allow the Bush tax cuts to expire and levy additional taxes on incomes over $1 million a year. There aren’t very many people making that much, and that additional revenue will scarcely make a dent, but it makes for great copy. Martin Sullivan, writing for Tax Analysts, said the plan 'is not making sense. The whole idea of corporate tax reform is to get rid of loopholes and this plan is adding loopholes back in.'”
February 23, 2012
Economists don't like some of Obama's corporate tax plan
Associated Press
“[Martin] Sullivan of Tax Analysts says the current system allows some companies — especially technology and pharmaceutical firms — to avoid U.S. taxes by shifting their earnings to tax havens such as Bermuda and the Cayman Islands. Other multinationals can indefinitely avoid paying U.S. taxes by keeping their earnings overseas.”
February 22, 2012
Morning Drive Program for February 22nd
CBS Radio Los Angeles
Christopher Bergin, President and Publisher of Tax Analysts, was interviewed.
February 22, 2012
The Dirty Thirty -- February 2012 Edition
politcususa.com
“’Were this [the “No Taxpayer Funding for Abortion Act” (HR 3)] to become law, people could end up in an audit, the subject of which could be abortion, rape, and incest,’ says Christopher Bergin, the head of Tax Analysts, a nonpartisan, not-for-profit tax policy group. ‘If you pass the law like this, the IRS would be required to enforce it.’”
February 22, 2012
White House’s Corporate Tax Reform Derided by Republicans, Businesses
advisorone.com
“Martin Sullilvan, contributing editor of Tax Analysts, commenting on the administration proposal and congressional response, cautioned that Americans should not expect the plan to see the light of legislation any time soon.”
February 22, 2012
Obama urges US corporate tax cut, closing loopholes
Reuters
"'We are only at the starting point of corporate tax reform, and the road is a long one,’ said Martin Sullivan, an editor for Tax Analysts and a former U.S. Treasury Department staff member.”
February 22, 2012
Winners and Losers From a Tax Proposal
The New York Times
“That is regrettable but also perfectly understandable, said Martin A. Sullivan, a former Treasury economist now a contributing editor of Tax Analysts, a trade publication. ‘Why get specific and get your head blown off,’ he said, referring to the inevitable objections by those companies, ‘especially when it’s not going to become law anyway?’”
February 22, 2012
Corporate Stockpiles of Cash: So Near and Yet so Far
The Globe and Mail
“All told, U.S. companies have an estimated $1.5-trillion to $1.8-trillion parked offshore, Martin Sullivan, a former U.S. Treasury Department economist and contributing editor at Tax Analysts, said in an interview. These funds are effectively ‘locked out’ because of the stiff U.S. taxes repatriation would attract, he said.”
February 22, 2012
Factbox: Reaction to Obama's Corporate Tax Proposal
Reuters
According to Martin Sullivan, a former Treasury tax official and editor at Tax Analysts: 'The president deserves high grades for a much needed reduction in the corporate rate. And a blanket rule preventing multinationals from parking profits in tax havens is long overdue. But by only suggesting - and not spelling out exactly and endorsing - what other tax breaks could pay for the low rate, he has left the hard part of tax reform undone.'"
February 15, 2012
7 Ways Obama Wants to Tax the Rich
The Fiscal Times
“'So much like in 2012, this [Obama’s 2013 budget proposal] likely won’t actually mean much change for the wealthy folks,’ says Martin Sullivan, a contributing editor at Tax Analysts and former Treasury official. But it could earn Obama some major points on the campaign trail, which likely was his goal all along, Sullivan says.”
February 14, 2012
Life Industry Trade Groups Fire Back at Obama
lifehealthpro.com
"...Martin Sullivan, a contributory editor for Tax Analysts, an independent organization, cautioned that the proposals are unlikely to see the light of day. He said he found the budget proposal makes little movement toward reform and more ‘politics as usual’ in tax provisions."
February 13, 2012
Morning Drive Program for February 13th
CBS Radio Los Angeles
Christopher Bergin, President and Publisher of Tax Analysts, was interviewed about the payroll tax cut.
February 12, 2012
The Debate over Capital Gains has Consequences for Local Budgets
The Washington Post
"Capital gains are not just a key source of income for the wealthy, one that critics say allows them to pay lower taxes, but they are a big source of revenue for the District, Maryland and Virginia...'We have a lot of wealthy people here, and wealthy people have a lot of capital gains,' said Marty Sullivan, an economist at Tax Analysts."
February 9, 2012
Behind Romney's Bain Retirement Deal
money.cnn.com
"'IRS revenue procedures are to be narrowly interpreted, but fund managers seem to be interpreting them expansively to permit whatever is not prohibited,' said Lee Sheppard, a tax lawyer who is a contributing editor at Tax Analysts."
February 8, 2012
Tax Tips for Americans Living Abroad
US News & World Report
"...People living abroad can claim a credit for taxes they paid overseas, eliminating double taxation. But this is easier said than done," says Robert Goulder, editor-in-chief of international tax publications for Tax Analysts.
February 7, 2012
Private Equity Lobbying Helped Protect Romney's Tax Benefits
bloomberg.com
"Ending the preferential treatment of capital gains if Romney wins the presidency could dissolve notions that he is a captive to his former industry, said Martin Sullivan, a contributing editor at Tax Analysts, a nonprofit organization in Falls Church, Virginia."
February 7, 2012
Oklahoma Governor Proposes "Most Significant Tax Cut in State History"
taxfoundation.org
"According to Tax Analysts..., Governor [Mary] Fallin's plan would simplify the code to two brackets: $15,000 to $35,000, and $35,000 and above."
February 6, 2012
What's the Opposite of Tax Reform?
rothcpa.com
"Martin Sullivan at Tax Analysts loses hope that the Obama administration will attempt tax reform."
February 2, 2012
Auction 2012: Big Money's Next Trade Goal Is 'NAFTA' With Asia'
The Huffington Post
"...previous free trade deals have already made the incentives for outsourcing so strong that these measures, even if implemented, would likely fail, said Lee Sheppard, contributing editor at Tax Analysts, a nonprofit publisher of tax information."
February 1, 2012
"Mitt: Pushing the Envelope on Taxes"
Politico.com
"More amazingly, he [Mitt Romney] may well have 'sold' some of his Bain carried interest to his IRA. If he did so at the outset of the fund, he likely put little or no value on that transfer -- though it was potentially worth millions. Such a transfer would be of questionable legality, according to a recent Tax Analysts article by Lee A. Sheppard."
February 1, 2012
Estate Tax Limbo Likely to End This Year
advisorone.com
"When Congress addresses the Bush tax cuts, which will most likely be after the election, 'an estate tax compromise will be part of that' discussion, says Jeremy Scott, an editor with Tax Analysts."
February 1, 2012
Financing the American Civil War: Developing New Tax Sources
Accounting History
"About 10 per cent of Northern households paid income tax, based on a four-page tax form - Form 24, 'Detailed Statement of Income, Gains, and Profits.' (A copy of this form can be found at Tax Analysts, 2004 [http://www.taxhistory.org/thp/readings.]"
January 30, 2012
LBO Tax Break Again in the Crosshairs
The Fiscal Times
"Martin Sullivan, an influential voice at the non-partisan <i>Tax Notes</i>, this morning offered a blog post [http://bit.ly/w3TyNV] attacking the corporate interest deduction, the tax break that Mitt Romney's Bain Capital and other private-equity firms use to help finance leveraged buyouts."
January 30, 2012
Tax Hikes Likely
lifehealthpro.com
Christopher Bergin, Tax Analysts President and Publisher argues: "'Given the lack of incentive for Congress to deal promptly with the expiring tax cuts, the alternative minimum tax and the tax extenders, you can now add a fourth problem with our current tax-writing policy -- it's temporary.'"
January 30, 2012
Sullivan: Wealthy, Job Creators Not Necessarily Same Group
rollcall.com
Marty Sullivan, a contributing editor at Tax Analysts argues that "....only a small fraction (8 percent) of tax benefits for the highest-earners goes to small business. And only a fraction of that fraction goes to small business that create jobs."
January 29, 2012
Taxing the Rich: Where do Obama and the GOP Front-Runners Stand?
The Boston Globe
"Gingrich wants to eliminate taxes on capital gains, dividends, and interest income....[which] 'would be enormously beneficial to people like Romney,' said Martin Sullivan, an economist and editor at Tax Analysts, a nonprofit publishing organization specializing in tax issues."
January 28, 2012
DC Gridlock Jams Up Tax Reprieve
New York Post
"'What's happening now is just madness,' says Christopher Bergin of Tax Analysts. 'So much in the tax code could just go poof. How can any business do any long-range planning?'"
January 28, 2012
The Coming Corporate-Tax Scrum
Barron's
"Critics say a territorial tax would create an even bigger incentive to locate factories overseas. This is why European Union countries with territorial-tax schemes also have value-added taxes as a revenue source, says Robert Goulder, editor of [Tax Analysts'] <i>Tax Notes International</i>."
January 28, 2012
Tax Rule Opens Rich Vein for Debate
The Wall Street Journal
"Lee Sheppard, a tax attorney who writes for the journal <i>Tax Notes</i>, said it could be argued a retired partner isn't entitled to favorable treatment because he didn't provide any services to the newer funds."
January 26, 2012
Historian: Romney's Tax Returns Show Wealth Should Be Taxed Like Work
forbes.com
"If you're interested in tax policy, it pays to follow the work of Joseph J. Thorndike, director of the Tax History Project at Tax Analysts, a contributing editor for <i>Tax Notes</i> magazine, and a Visiting Scholar in History at the University of Virginia."
January 26, 2012
Opening Statement at PSI Hearing on Compliance with Tax Limits on Mutual Fund Commodity Speculation
levin.senate.gov
Senator Carl Levin (D-MI) quoted <i>Tax Notes</i> during a recent Senate hearing.
January 26, 2012
The Lessons of Mitt Romney's Tax Returns
cnnmoney.com
CNNMoney.com published an abbreviated version of Joseph J. Thorndike's recent <i>Tax Notes</i> article "Romney Returns Show Wealth Should Be Taxed Like Work." Thorndike is a contributing editor at Tax Analysts.
January 26, 2012
In Race to be Most Generous, Romney Leads
msnbc.com
"The average person donates 2 to 3 percent of his or her income to charity, experts say. For those who earn $10 million or more, the rate is 6.5 percent, said Joseph J. Thorndike, director of the Tax History Project at Tax Analysts."
January 25, 2012
What's with Romney's Swiss Bank Account?
washingtonmonthly.com
"Martin Sullivan, contributing editor of Tax Analysts, a nonpartisan research organization said he was surprised Romney had a Swiss bank account since such accounts were sometimes used to hide assets. 'Why would somebody who knows he's going to be so visible screw around with a Swiss account?'"
January 25, 2012
Obama and Buffett Rule Make 'Good Tax Politics, Not Good Tax Policy,' Expert Says
advisorone.com
"Obama's proposal to cut $3.5 trillion from the deficit over the next decade through a measure called the Buffet rule, named for billionaire investor Warren Buffett, which increases taxes on wealthy Americans who earn $1 million or more per taxable year, is merely 'good tax politics, not good tax policy,' says Christopher Bergin, president of Tax Analysts."
January 25, 2012
Remarks by Acting Assistant Secretary Emily McMahon at the NY State Bar Association Annual Meeting
treasury.gov
"The guidance process is always a popular topic of conversation in the tax community -- just last summer, Tax Analysts hosted a conference on the subject, which sparked another round of constructive criticism and helpful suggestions."
January 25, 2012
Presidential Candidates' Tax Records
C-SPAN
Tax Analysts Contributing Editor Marty Sullivan fielded questions about the Republican presidential candidates' tax returns on Washington Journal
January 24, 2012
Massachusetts Governor to Unveil 2013 Budget Proposals
taxfoundation.org
"According to a January 23 report by Tax Analysts...soda and candy will be added to the state's 6.25 percent sales tax base, and the cigarette tax will increase by 50 cents, totaling $3.01 per pack."
January 24, 2012
Your Voice Your Vote; Mitt's Millions
World News with Diane Sawyer
Marty Sullivan, Tax Analysts contributing editor, appeared on World News with Diane Sawyer
January 24, 2012
No Surprises in Romney's Tax Returns
investorplace.com
"The former financier has clearly benefited from the generosity of the tax code, as Martin Sullivan noted recently in Tax Analysts [<i>Tax Notes</i>], a trade publication."
January 24, 2012
What Millionaires Pay in Taxes
Marketplace Morning Report
"Joseph Thorndike of Tax Analysts says investors who own stocks and bonds are taxed at a much lower rate than 'say an entrepreneur who started a business but takes a salary he's paying a much higher rate on that income than Romney is on his.'"
January 24, 2012
Mitt Romney's Tax Return Draws Feeding Frenzy
sfgate.com
"The level of interest 'is very elevated,' says Martin Sullivan, an economist and contributing editor to Tax Analysts...'We are all voyeurs. We want to see how much money he has, the effective tax rate, and how much he gave to the Mormon church.'"
January 24, 2012
Romney's Taxes Highlight Low Rates on Investment Income
Marketplace
"But think about the small nest eggs of little old ladies....'they may be earning $30,000 or $40,000 a year in investment income. And that puts them well above average but you would hardly say they're living high on the hog.'" -- Marty Sullivan, Tax Analysts contributing editor on Marketplace.
January 24, 2012
Romney's Cayman Islands Holdings Complicate Tax Return Debate
washingtonpost.com
"'This is a classic example of how good tax planning avoids taxes until you want to pay taxes on the money,' said Martin Lobel, a Washington lawyer and chairman at Tax Analysts, a provider of information for tax specialists."
January 24, 2012
How Mitt Romney's Tax Rate Stacks Up
Marketplace Morning Report
"I pay a larger effective tax rate than I did when I was starting out as a young editor writing about tax. I earn more income. I think that's fair." -- Chris Bergin, Tax Analysts President and Publisher, on Marketplace.
January 22, 2012
New Tax Rules Harass Foreign Bankers for Little in Return: View
bloomberg.com
"The IRS's civil investigators should also be given access to banks' money-laundering information and to Treasury Department data on financial crimes, as Lee A. Sheppard of Tax Analysts has argued."
January 22, 2012
Candidate Gingrich's 2.6% Charitable Donations Low for Income
businessweek.com
"Republican Richard Nixon, well-known for penny-pinching, reported donating $295 in 1972 while he was president, according to presidential tax returns archived on the Tax Analysts' Tax History Project website."
January 19, 2012
Why Taxes Aren't as High as They Seem
The New York Times
"The elder Mr. [George] Romney, who died in 1995, paid an average federal tax rate of 37 percent in the 12 years for which he released his tax returns, according to an analysis by Joseph J. Thorndike, a columnist for <i>Tax Notes</i> magazine."
January 19, 2012
David Brunori Comes Out as a Libertarian
cato-at-liberty.org
"...David Brunori [<i>State Tax Notes</i> columnist] announced this week that he is no longer a 'liberal' but a libertarian, although he says of the 'bleeding heart' variety."
January 19, 2012
Many Happy Returns -- Democrats Could Hardly Ask for a Better Foil than Romney
blogs.chicagotribune.com
"Michigan Gov. George Romney...released 12 years of returns back in 1967 during his ill-fated run for the Republican presidential nomination. The 'disclosure was apparently unprecedented,' wrote <i>Tax Notes</i> magazine columnist Joseph Thorndike in a recent essay. 'While other candidates had released statements outlining their income, assets and other financial data, none has ever released his actual returns.'"
January 19, 2012
Why Taxes Aren't as High as They Seem
The New York Times
"The elder Mr. Romney, who died in 1995, paid an average federal tax rate of 37 percent in the 12 years for which he released his tax returns, according to an analysis by Joseph J. Thorndike, a columnist for <i>Tax Notes</i> magazine."
January 18, 2012
Romney as Multimillionaire Gets Break for Taxes Less Wage-Earner
bloomberg.com
"Individual partners like Romney aren't taxed when they're given the right to share in a fund's future profits, even though that right is clearly valuable, said Lee Sheppard, a tax lawyer and contributing editor at the non-profit Tax Analysts of Falls Church, Virginia."
January 18, 2012
Small Business Tax Cheats: A $122 Billion Problem
thefiscaltimes.com
"'There really is money there, but you are talking about getting millions of influential citizens angry at you if you say or do anything that's perceived as stifling small business,' said Marty Sullivan, a contributing editor at Tax Analysts and a former Treasury official."
January 16, 2012
Ron Paul Says Federal Income Tax Rate was 0 Percent Until 1913
Politifact.com
PolitiFact Texas checked out Ron Paul's recent claims about the history of federal income tax rates with Tax Analysts' Tax History Project Director Joseph Thorndike.
January 16, 2012
Targeted Tax Benefits Outside the Lab
rothcpa.com
"Tax Analysts in-house economist Martin Sullivan boldly calls for government to pick winners in business."
January 9, 2012
Private Equity's Edge: Buy Now, Deduct Taxes Later
thefiscaltimes.com
"'There's no reason in the world not to limit interest deductions for corporations,' said Marty Sullivan, a contributing editor at Tax Analysts. 'We have a tax system that encourages corporate leverage. It should be just the opposite.'"
January 3, 2012
What's at Stake in Iowa? The Economy, Stupid?
The Fiscal Times
"...the Perry plan still carries liabilities, including the likely added tax burden the middle class would have to pay for the plan's high-income and low-income tax breaks, according to Marty Sullivan, a contributing editor at Tax Analysts."
January 1, 2012
We're Not Broke
2012 Sundance Film Festival
Tax Analysts contributing editors Bob Goulder, Lee Sheppard, and Marty Sullivan appear in <i>We're Not Broke</i>, a documentary that examines offshore tax havens, which screened at the 2012 Sundance Film Festival.