Yesterday, at our penultimate public session for 2023, we discussed a pair of items (one already published, and one an early partial draft) by Ajay Mehrotra discussing U.S. tax history, and in particular our distinctive fiscal character.As the papers note, the U.S. tax system, considered in isolation, is unusually progressive by peer country standards, but
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National Tax Association, 116th Annual Meeting
I enjoyed the National Tax Association’s 116th Annual Meeting, which concluded in Denver yesterday. Due to the pandemic plus last year’s hurricane threat in Miami, it was actually the first live NTA Annual Meeting since 2019 (!). This added to the pleasure this time around, as did (for me) the fact that I was awarded
NYU Tax Policy Colloquium, Kim Clausing's Capital Taxation and Market Power
Yesterday at the colloquium, Kim Clausing presented Capital Taxation and Market Power, which focuses on the importance of extra-normal returns that are earned these days, especially by big multinational companies such as the FAANG crew (Facebook, Apple, Amazon, Netflix, Google).Extra-normal returns are important not just to rising high-end inequality in the US and around
NYU Tax Policy Colloquium: Jeremy Bearer-Friend's Race-Based Tax Weapons, Part 2
My prior post offered some background regarding the 4 case studies in Jeremy Bearer-Friend’s paper. This one will focus on the paper’s terminology of race-based (and other, such as class-based) “tax weapons” – a proposed takeaway from the analysis, and well worth discussing although I like case studies (including these) whether or not they
NYU Tax Policy Colloquium: Jeremy Bearer-Friends Race-Based Tax Weapons, part 1
Yesterday at the colloquium, we discussed with Jeremy Bearer-Friend his new article, forthcoming in the UC-Irvine Law Review, entitled Race-Based Tax Weapons. This is a case study (but also drawing broader policy-relevant conclusions) of the following four twentieth century “poll taxes” imposed by Anglophone governments:1) The poll tax that Texas imposed beginning in 1903 to
Medical deductions article
My medical deductions article, forthcoming in the Tax Law Review, has indeed gone live here.The abstract goes as follows: Recent decades have seen explosive growth in the availability and efficacy of assisted reproductive technologies (ART) – for example, egg extraction and storage, egg donation, intracytoplasmic sperm injection, in vitro fertilization, and surrogacy. ART greatly enhances
New article on medical deductions in the income tax
Three weeks ago, I posted an article on SSRN entitled “Assisted Reproductive Technologies, Other New Frontiers in Medicine, and the Income Tax’s Role as a Back-up Health Insurance System.” It’s forthcoming in the Tax Law Review.The abstract goes like this:
As I knew would happen, SSRN’s AI bots embargoed it (nearly 3 weeks ago) on
Book (including an article of mine) on Stanley Surrey
Duke Law School’s Law and Contemporary Problems journal has just published a new issue, entitled The Legacy of Stanley S. Surrey, edited by Ajay Mehrotra and Lawrence Zelenak. It responds to the recent re-surfacing of Surrey’s memoirs, still in progress (but mostly complete) when Surrey died in 1984, and then published (with useful annotations) through
Michigan conference on Friday, October 6, discussing the "International Tax Revolution"
Two days ago I spoke at an international tax conference at the University of Michigan Law School, discussing OECD-BEPS Pillars 1 and 2. The video link is supposed to be here, but it appears not to work without permission. If you can view it, my remarks begin at 4:43:34.
The speakers in the morning
Tax Policy Colloquium,: Rebecca Kysar's The Global Tax Deal and the New International Economic Order, Part 2
On to issues in 2 & 3, in response to Kysar’s The Global Tax Deal and the New International Economic Order.2. How can we explain emerging multilateralism in international tax policy, given the barriers to successful cooperation? In the prior blog post, I was discussing the factors affecting support for tax multilateralism in