Taxation & Estate Planning

Resolving the Conflict Between Jewish and Secular Estate Planning

Posted on May 15, 2010
Benjamin C. Wolf (J.D. 2010 Hofstra) has published Note, Resolving the Conflict Between Jewish and Secular Estate Law, 37 Hofstra L. Rev. 1171 (2009). Here is part of the Introduction: The purpose of this Note is to recommend a solution to the conflict that observant Jewish clients face in estate...

SOI Releases Spring 2010 SOI Bulletin

Posted on May 15, 2010
The IRS's Statistics of Income Division has released the Spring 2010 SOI Bulletin (Vol. 29, No. 4) with these four articles: High-Income Tax Returns for 2007, by Justin Bryan Individual Noncash Contributions, 2007, by Pearson Liddell & Janette Wilson 2007 Gifts, by Melissa J...

Go Cincinnati

Posted on May 15, 2010
My wife, daughter, and I spent part of the day today with 7000 other people participating in our church's Go Cincinnati event: Each year, an army of volunteers impact Cincinnati through various service projects in a one-day, citywide blitz of compassion...

Hemingway and Tax

Posted on May 14, 2010
The new issue of Journal of Legal Education has a funny article, Why Am I Here? Six-Word Stories About the First Month of Law School, 59 J. Legal Educ. 653 (2010). The article riffs off Hemingway's six-word story -- "For sale: baby shoes. Never worn." -- which he called his...

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Seton Hall Dean to Allow Gov. Christie to Speak at Law School Graduation, Despite Alumni and Faculty Protests

Posted on May 14, 2010
Newark Star-Ledger, Seton Hall Law Alumni, Faculty Pushed to Remove Gov. Christie as Graduation Speaker: Gov. Chris Christie will remain the speaker at Seton Hall University School of Law?s graduation ceremony later this month despite a push by some alumni and professors to rescind the invitation, school officials said today...

2nd Symposium on European Tax Policy

Posted on May 14, 2010
New York University, the University of Connecticut, and Johannes Kepler University Linz host the second Second Symposium on EC Tax Policy today in Austria: The 2010 symposium will deal with current and developing issues in the area of tax evasion, harmful tax competition, exchange of information and countering tax haven...

Infanti: Taxing Civil Rights Gains

Posted on May 14, 2010
Anthony C. Infanti (Pittsburgh) has published Taxing Civil Rights Gains, 16 Mich. J. Gender & L. 319 (2010). Here is the abstract: In this article, I take a novel approach to the question of what constitutes a "tax." I argue that the unique burdens placed on same-sex couples by the...

The End of an Era

Posted on May 14, 2010
Today marked my daughter's last day of high school -- congratulations, Jayne! My wife has written Jayne a daily note of encouragement throughout high school; here is a portion of today's message: What a milestone day! Reflecting back on your past 4 years, I want you to know what an...

Maine Presents Equity and Efficiency in Intellectual Property Taxation Today at Maine

Posted on May 14, 2010
Jeffrey A. Maine (Maine) presents Equity and Efficiency in Intellectual Property Taxation, 76 Brooklyn L. Rev. ___ (2010) (with Xuan-Thao Nguyen (SMU) today at Maine. Here is the abstract: The article critiques the federal income tax regime governing intellectual property using normative criteria in evaluating taxes: equity and efficiency...

SMU Offers to Pay Law Firms $3,500 to Hire its Grads (and Goose its U.S. News Ranking)

Posted on May 14, 2010
Above the Law, SMU Will Pay You To Hire Their Graduates, by Elie Mystal: SMU Dedman School of Law is now officially willing to pay law firms to hire SMU graduates. The school is calling its new program ?Test Drive.? ... This program is a shameless attempt to game the...

Bloomberg: Companies Dodge $60 Billion in Taxes Even Tea Party Condemns

Posted on May 14, 2010
Bloomberg, Companies Dodge $60 Billion in Taxes Even Tea Party Condemns, by Jesse Drucker: Tyler Hurst swiped his debit card at a Walgreens pharmacy in central Phoenix and kicked off an international odyssey of corporate tax avoidance. Hurst went home with an amber bottle of Lexapro, the world?s third-best selling...

Elena Kagan's Tax Problem?

Posted on May 13, 2010
Wall Street Journal, Grading Kagan as Dean: Charles Fried, solicitor general under President Ronald Reagan and a Harvard Law faculty member since 1961, credits her with arranging a faculty lounge so it offered free lunch and large tables, where faculty could sit and get to know one another...

Shanske: Carbon Auditors and § 103

Posted on May 13, 2010
Darien Shanske (UC-Hastings) has published Attention Carbon Auditors: There's Low-Hanging Fruit in the PAB Regs, 127 Tax Notes 685 (May 10, 2010): This article argues that a relatively small change to the regulations governing private activity bonds would likely result in a smaller federal tax subsidy for sprawl-pattern development and...

General-Equilibrium Effects of Investment Tax Incentives

Posted on May 13, 2010
Rochelle M. Edge & Jeremy B. Rudd (both of the Federal Reserve Board) have posted General-Equilibrium Effects of Investment Tax Incentives on the Federal Reserve Board website. Here is the abstract: This paper develops a new-Keynesian model with nominal depreciation allowances to consider the effects of temporary tax-based investment incentives...

B.E. Journal of Economic Analysis & Policy Publishes Tax Articles

Posted on May 13, 2010
The B.E. Journal of Economic Analysis & Policy has published several tax articles: Second-Best Pollution Taxation and Environmental Quality, by Thomas Gaube (Max Planck Institute) Tax and Subsidy Combinations for the Control of Car Pollution, by Don Fullerton (University of Illinois) & Sarah E...

The Gulf Oil Spill and the Estate Tax

Posted on May 13, 2010
From a letter sent to the Senate Finance Committee by Conrad Teitell (Cummings & Lockwood, Stamford, CT): The oil spewing into the Gulf can?t be stanched by legislation. But you can by legislation immediately calm the troubled waters created by Congressional inaction on the estate tax...

Tax Revenues Fall in 45 States

Posted on May 13, 2010
The Tax Foundation reports today that state tax revenues fell 8.9% in 2009 from 2008, with 45 states collecting less tax revenues. (In contrast, federal tax revenues fell 16.6% in 2009.) State revenues fell in four of the five taxes: Property Tax: +3...

Airline Frequent Flier Program Rankings

Posted on May 13, 2010
As a captive member of Delta's frequent-flier program (Cincinnati is a Delta hub), I am not surprised by the results of this survey of the availability of free seats in 22 airline frequent-flier programs: From the study: "IdeaWorks made 6,160 booking queries at the websites of 22 frequent flier programs...

Assault Continues on Tulane Law Clinics

Posted on May 13, 2010
Following up on my prior posts: Legislature Takes Aim at Maryland Law School Clinics (Mar. 26, 2010) ABA Sides With Maryland Law School's Clinic in Attack by Legislature (Apr. 2, 2010) NY Times: Law School Clinics Face a Backlash (Apr. 5, 2010) Proposed Legislation Would Kill Clinics at Louisiana's Four...

Batchelder Posts Tax Papers on SSRN

Posted on May 13, 2010
Lily L. Batchelder (NYU) has posted three of her tax papers on SSRN: Government Spending Undercover: Spending Programs Administered by the IRS (with Eric J. Toder) Household Income Volatility and Tax Policy: Helping More and Hurting Less, Testimony Before the U...

Estate Tax Deal in the Works?

Posted on May 12, 2010
The Hill, Kyl: Deal on the Estate Tax in the Offing: Senate Minority Whip Jon Kyl (R-Ariz.) told reporters on Tuesday that his estate tax proposal is near completion. "It is our hope that we can get together both on the proposal, the details are pretty well resolved, and on...

Did U.S. News Claim Another Dean Victim?

Posted on May 12, 2010
South Carolina announced yesterday that Walter F. ?Jack? Pratt, Jr. has decided not to seek reappointment at the end of his five-year term in 2011. A South Carolina blog links the news to the law school's descent into the 3rd Tier in the 2011 U.S. News Rankings: USC?s law school...

WHO Seeks 'Tens of Billions' in New Global Taxes

Posted on May 12, 2010
Fox News, World Health Organization Moving Ahead on Billions in Internet and Other Taxes: The WHO, the United Nations' public health arm, is moving full speed ahead with a controversial plan to impose global consumer taxes on such things as Internet activity and everyday financial transactions like paying bills online...

Visiting Profs, 2010-2011

Posted on May 12, 2010
Following up on my recent post, Tax Prof Moves, 2010-2011: the Faculty Lounge has a list of over 100 Law Profs who will be visiting at other law schools during the 2010-2011 academic year.

Burke: The Sound and Fury of Carried Interest Reform

Posted on May 12, 2010
Karen C. Burke (San Diego) has posted The Sound and Fury of Carried Interest Reform, 1 Colum. J. Tax L. 1 (2010), on SSRN. Here is the abstract: Of all the proposals advanced in recent years to reform Subchapter K, the part of the Internal Revenue Code governing partnership tax,...

Shackelford, Shaviro & Slemrod: Taxation and the Financial Sector

Posted on May 12, 2010
Douglas A. Shackelford (University of North Carolina, Kenan-Flager Business School), Daniel Shaviro (NYU) & Joel B. Slemrod (University of Michigan, Ross School of Business) have posted Taxation and the Financial Sector on SSRN. Here is the abstract: In the aftermath of the recent financial crisis, a variety of taxes on...

WSJ: Minnesota -- Land of 10,000 Tax Increases

Posted on May 12, 2010
Wall Street Journal editorial, The Minnesota Prelude: Land of 10,000 Tax Increases: Minnesota has a rich Scandinavian heritage, and if Democrats in the state legislature have their way the state is headed toward Scandinavian tax rates. Governor Tim Pawlenty, a likely GOP Presidential candidate, has now smacked this slow, fat...

Professor Kingsfield Kagan

Posted on May 12, 2010
Elie Mystal (J.D. 2003, Harvard) has a riveting account of his socratic experience with Elena Kagan as a IL in her Civil Procedure class at Harvard in Fall 2000: Like Frodo on Weathertop, there are some wounds that never fully heal. Professor Kagan massacred me intellectually, and brutalized my pride...

Feldstein: Extend the Bush Tax Cuts?For Two Years

Posted on May 12, 2010
Wall Street Journal op-ed: Extend the Bush Tax Cuts?For Now: Deficits Are a Real Problem but the Recovery Is Still Too Fragile to Choke Off Growth With Higher Rates, by Martin Feldstein (Harvard University, Department of Economics): This is not the time for a tax increase...

Helge: The Taxation of Cause-Related Marketing

Posted on May 12, 2010
Terri Lynn Helge (Texas-Wesleyan) has posted The Taxation of Cause-Related Marketing, 85 Chi.-Kent L. Rev. __ (2010), on SSRN. Here is the abstract: With the economy in turmoil, charitable organizations are looking to nontraditional sources of financing to supplement contributions and fee-based revenues...

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