In this paper we apply conjoint analysis as an empirical method to study the influence of tax labeling and tax earmarking on the perceived tax burden. As reference for the individual behavior we use the model of a rational utility maximizer described by the economic theory. We determine a...

This paper discusses tax policy measures to reduce corporate tax avoidance by extending taxation in the source country without imposing double taxation. We focus on four options: Bilaterally restricting interest and royalty deductibility, introducing an inverted tax credit system, levying...

There have been a number of proposals lately to impose a new tax on securities or financial transactions, both as a revenue measure and a way of disciplining Wall Street speculation. This article argues that such a tax would be a bad idea and that it makes more sense to tax financial activities...

In “A Critical Look at the Economic Argument for Taxing Only Labor Income,” I challenge the tax substitution argument, which according to accepted wisdom fairly establishes that it is best to tax only labor earnings. A portion of Critical Look is directed at Professors Bankman and Weisbach's...

This article discusses the proposal to modify regulations that determine a debt instrument's issue price whenever there is an exchange of an instrument involving publicly traded property. Under both proposed and current regulation section 1.1273-2, the issue price of an instrument received in an...

Unlike many social and physical sciences, legal scholarship includes little or no discussion of what models mean, how they are connected to the real world of law and policy, or how they should, and should not, be used by legal scholars. This void exists notwithstanding legal scholarship's...

All tax theorists recognize that capital gains taxes ought to apply only to real gains; that is, those that are adjusted for inflation. This has never been the case in American history. As a consequence, a considerable portion of inflationary gains have been taxed as if they are real, according...

For many years, conservatives have asserted that the Treasury Department has the authority to index capital gains for inflation without legislation. It could simply redefine the term "cost" for calculating basis to mean inflation-adjusted cost, they say. This paper reviews the history of this...

This article takes a critical view of tax preferences targeted at the manufacturing sector. Their justification is dubious and they move in the opposite direction of tax reform. If people are genuinely concerned about the competitiveness of American industry, replacing the corporate income tax...