Tax Analysts Blog

Feb 24, 2016

The government shouldn’t be able to take your money before you get your day in court.

Feb 23, 2016

Hell hath no fury like a Brussels bureaucrat scorned. Consider European Union Competition Commissioner Margrethe Vestager. Questioned by BBC Radio 4's Today program on member states’ making “sweetheart deals about back taxes,” such as Google’s £130 million tax settlement with HM Revenue & Customs, which was announced January 22, Vestager responded, “It’s unfair. And sometimes it is also illegal state aid.”

Feb 22, 2016

The prospect of the United Kingdom pulling out of the European Union is now much more than theoretical. Having cut his deal with the European Union, U.K. Prime Minister David Cameron announced that the long-promised referendum on leaving the EU would be held on June 23. A British exit from Europe would have major repercussions on trade and immigration policy, but its effect on tax would be much more significant if there were a Labour government.

Feb 18, 2016

A wise person once observed that it’s difficult to fix something if you can’t measure the extent of the problem. I was reminded of this when I read Kimberly Clausing’s excellent Tax Notes article, “The Effect of Profit Shifting on the Corporate Tax Base,” in which she quantifies the revenue losses attributable to corporate profit shifting.

Feb 17, 2016
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I must confess, I am surprised at the sudden interest in transfer pricing in the state tax world.

Feb 17, 2016
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There isn't much new in President Obama's final budget proposal. The budget features 115 tax provisions from last year's plan, and many of the 30 new provisions are simple tweaks to old proposals (mostly having to do with the extenders package passed by Congress). There is, however, one new tax that has generated quite a bit of interest, at least as a talking point. Obama has proposed a $10 tax (or fee administered like a tax) on barrels of oil, ostensibly to pay for infrastructure and climate change needs.

Feb 16, 2016

Supreme Court Justice Antonin Scalia, who died February 13 and was universally acknowledged as both an intellectual pillar of the Court’s modern-day conservative renaissance and a staunch defender of the constitutional rights of criminal defendants, also leaves behind a legacy of tax law jurisprudence characterized by fealty to his guiding judicial philosophy of restricting himself to the text and searching for its original meaning. In so doing, he often found himself striking a discordant and derisive note.

Feb 16, 2016

I recently attended the Capital Matters conference, presented by the Tax Council Policy Institute in Washington. The 2016 conference focused on how taxes influence the global creation, deployment, and mobility of capital. This was my second year attending the conference, which showcases the best thinking of influential tax professionals and business leaders. And both years offered a glimpse into how the corporate world views the tax world. What a view!

Feb 10, 2016

Two proposals in Georgia advance good tax policy.

Feb 9, 2016
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“I will build a great, great wall on our southern border. And I will have Mexico pay for that wall," Republican presidential hopeful and front-runner Donald J. Trump said in his announcement speech last June. Turns out the inevitable Democratic nominee, Hillary Clinton, would also build a great, great wall.