Dean and the Lucy G. Moses Professor of Law - Columbia Law School, USA
Sticks and snakes: derivatives and curtailing aggressive tax planning
Complex “derivative” financial instruments are often used in aggressive tax planning. In response, the government has implemented mark-to-market type reforms, but only partially. Considered in isolation,these incremental reforms are likely to seem well advised in measuring income more accurately. However, there is an important “second best” cost, emphasized in this ...
Enlisting the Tax Bar
Abstract
Tax shelters and aggressive planning derive in part from a structural imbalance in our tax system that has not been adequately explored: In important respects, the private tax bar outmatches their counterparts in government. Although a strong policy case can be made for remedying this mismatch, this Article ...