An Analysis of Budget Offset Requirements for Tax Expenditures

Dhammika Dharmapala
Abstract Budget rules enacted by Congress in the 1990’s (and currently still in force) established pay-as- you-go (PAYGO) rules requiring that the revenue loss from any new or expanded tax expenditure provision be offset in the same fiscal year by legislation raising an equivalent amount of extra revenue. This note extends Dharmapala’s (1999) model of the political economy of tax expenditures to incorporate the...

Canada-U.S. Free Trade and Pressures for Tax Coordination

Roger Gordon
The economies of the United States and Canada are closely linked-trade between the two countries is substantial, their capital markets are highly integrated, and even movement of individual workers between the two countries is nonnegligible. The U.S. and Canada have now agreed to eliminate all remaining tariff barriers between the two countries during the next few years. To what degree does this increasing economic integration...

Cross-Border Outsourcing: U.S. International Tax Pitfalls, Pratfalls, And Opportunities

Anthony Infanti
I. INTRODUCTION Broadly defined, “outsourcing” occurs when a business contracts with a third party to provide goods or perform services that traditionally have been provided or performed in-house.[1] Faced with increasing global competition, businesses have come to look to outsourcing as a means of gaining a comparative advantage over their competitors.[2] Outsourcing is thought to benefit a business by allowing...

Can Redistributive State Taxes Reduce Inequality?

Andrew Leigh
ABSTRACT Do income taxes levied at a state or regional level affect the after-tax distribution of income? Or do workers merely move between regions, causing pre-tax wages to adjust? This question is relevant both in across states in the United States, and across countries within the European Union. Using the full income tax parameters for all US states from 1977-2002, I create a “simulated tax redistribution index”,...

The Inequality of Income Taxation For Resident and Nonresident Taxpayers

Natalia Ermasova
The paper provides analyses the difference between income taxation system for resident and nonresident taxpayer, in particular the inequality deduction and exemption. The paper emphasizes the different qualification principles for nonresident alien-taxpayer, the treaty benefits for different countries, and the standard deduction. It is a comparative investigation of tax regulations for nonresident aliens in EU countries,...

Percentage Depletion of Imaginary

Calvin Johnson
Costs Of all the dispensations . . . percentage depletion is the most remarkable achievement. It enables certain taxpayers to reduce their incomes by imaginary costs. Other taxpayers are not considered so deserving. They may only deduct what they spend. .— Louis Eisenstein, Ideologies of Taxation[1] The proposal would limit the exclusions allowed under percentage depletion allowed for oil and other mineral...

Government as Contractual Claimant: Tax Policy and the State

Jonathan Macey
Introduction This is a paper about the relationship between taxation and liberty. Applying insights from constitutional economics[1] and corporate finance, in this Article I first make a descriptive observation about the role of government in its capacity as tax collector, and then move to a normative claim about how this description of government’s relationship with taxpayers should inform constitutional economics...

Canada-U.S. Free Trade and Pressures for Tax Coordination

Roger Gordon
The economies of the United States and Canada are closely linked-trade between the two countries is substantial, their capital markets are highly integrated, and even movement of individual workers between the two countries is non eligible. The U.S. and Canada have now agreed to eliminate all remaining tariff barriers between the two countries during the next few years. To what degree does this increasing economic integration...

A Technical Analysis of Proposed Section 710

Howard Abrams
I. Introduction Representative Charles B. Rangel (D-NY), Chairman of the House Committee on Ways and Means, introduced on October 25, 2007, a comprehensive tax reform bill (H.R. 3970) which includes proposed new section 710 of the Internal Revenue Code. This provision also has been included in the Temporary Tax Relief Act of 2007 (H.R. 3996), introduced by Chairman Rangel on October 30, 2007. Proposed section 710...

A Voluntary Tax? Revisited

Edward Mccaffery
Abstract This Article explains, updates and generalizes Cooper (1979), which had labeled the estate tax a voluntary tax. The tax has remained voluntary in the sense of being easily avoidable, even by those engaging in activities within the tax's ostensible normative target (i.e., significant intergenerational wealth transfers). Further, all taxes on the yield to capital are voluntary in this sense. The federal tax...
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