New York is considering additional emission regulation on top of its obligations under the Regional Greenhouse Gas Initiative (RGGI) to achieve its State Energy Plan targets. The proposed measure is a so-called "carbon adder" on CO2 emissions from the power sector which is set as the difference...

The current New York tax appeals system conducted by the State Department of Taxation and Finance has been strongly criticized by tax lawyers and accountants. In 1979, the Governor's Temporary Commission to Review the Sales and Use Tax Laws recommended an independent tax appeals board....

Temporary state tax commissions are inherently weak, and an inadequate response to a changing economy. The traditional state tax system is under attack due to technological advances, the rise of multinational corporations, federal tax legislation, and decreased federal regulation, among other...

This article is a transcript of Professor Richard D. Pomp's remarks at the National Tax Association's Annual Conference on Taxation. Professor Pomp explains that the creation of the New York Tax Study Commission (Commission) was surprisingly neither an impending financial crisis nor a court...

In 1986, Congress enacted a reform of the tax system touching almost every segment of society. Marginal tax rates were reduced, numerous deductions were limited or restricted and some activities were made subject to tax for the first time. Tax reform was designed to eliminate loopholes and...

Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that...