Tax Analysts Blog

Sep 22, 2017

I recently pondered whether the widely anticipated federal tax reform effort would include a corporate integration proposal from the Senate Finance Committee. That post presented the rationale for eliminating – or at least minimizing – the double taxation of corporate profits. It also outlined how a hypothetical partial dividends paid deduction might be structured.

Sep 14, 2017

There’s no shortage of lofty ambitions when it comes to tax reform. Among the list of aspirational goals is the concept of corporate integration—that is, rationalizing the treatment of corporations and their shareholders in a way that mitigates the double taxation of business profits. Doing so would make our tax code more neutral and reduce distortions such as the bias in favor of debt financing.

Sep 10, 2017
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President Trump wants to make the income tax simple again. Unfortunately, it’s never been simple – not in the last year, the last decade, or even the last century. And it’s probably going to stay that way.

Aug 14, 2017
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Tax reform is hard work, despite what President Trump said during the House’s attempt to repeal Obamacare. It requires filling in a lot of details and anticipating opposition from business and interest groups that don’t like the idea of winners and losers. Despite talking about tax reform as a centerpiece of their agenda since 2010, the GOP really hasn’t done much of the work to build support within their caucus and the public at large for a real plan.

Aug 2, 2017
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​In case you missed it, the border-adjustable tax officially got the boot. Don’t feel bad if you were among those intrigued by the House GOP blueprint for tax reform. The proposal enjoyed a good run, and served as a useful tutorial on foreign currency adjustments.

Aug 1, 2017
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After failing spectacularly on healthcare reform, the Trump administration and Republicans in Congress will now turn their attention to taxes. President Trump is stumping for a tax cut as the signature achievement of his first term. But forces inside the White House have a different idea in mind. Chief Strategist Steve Bannon is reportedly pushing for a 44 percent top tax rate on incomes over $5 million. 

Jul 24, 2017
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Will tax reform necessarily contribute to economic growth? It’s tempting to answer with a resounding yes, but the better response is more cautious. The outcome depends on the details, suggesting that stakeholders would do well to manage their expectations.

Jul 10, 2017
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The typical U.S. citizen is rightfully concerned about how much tax they pay, but their interest in the details of the tax code extends only so far. Broach the intricacies of transfer pricing and most people’s eyes immediately glaze over.  This presents a challenge to proponents of tax reform legislation.

Jul 6, 2017
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​Steve Bannon wants to soak the rich – or at least leave them a little bit damp. According to Axios, Bannon wants to use tax hikes on the rich to pay for tax cuts for the middle and working class. Apparently, President Trump’s chief political strategist believes such a move would be a “potent populist idea.”

Jul 5, 2017
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French President Emmanuel Macron has radically reshaped the politics of his country in many ways. He crushed the Socialist Party candidate in the first round of the presidential elections, going on to easily defeat the National Front’s Marine Le Pen in the second round. And his new party secured an outright majority in Parliament, relegating the Socialists to a small minority, while the right-leaning Republican Party (the old Gaullists) saw their representation nearly slashed in half. But on economic and tax policy, Macron is far less of a revolutionary.