Defined value clauses used to value nonmarketable family limited partnership (FLP) interests create valuation distortions and other public policy issues. This paper describes these abuses and proposes the employment of restrictions similar to those applied to pecuniary formula marital deduction...

A group of journalists recently revealed “LuxLeaks”: a set of documents showing that Luxembourg’s tax authority has been systemically delivering secret deals to multinationals. In this column, I explain why LuxLeaks has revealed a feature, not a bug, in the international tax system....

In this report, Narotzki argues that corporate inversions are not as harmful as they are portrayed to be and that the government efforts may be better spent by allowing inversions or reforming the tax code to encourage businesses to remain domiciled in the United States

The technological developments of recent decades have allowed companies to collect staggering amounts of consumer data by offering “free” access to digital products like search engines and social-media platforms. Scholars in a variety of fields recognize that this practice rep-resents a new...

Canadian National Report prepared for the Vienna University of Economics and Business, Conference on tax secrecy and transparency, Rust, Austria, July, 2012. The aim of the project is to assess how different countries regard the treatment of tax information and tax secrecy. Topics include the...

Scholars have long recognized the importance of taxation to the study of modern society. In recent decades, a new and innovative wave of multidisciplinary scholarship on the sources and consequences of taxation has begun to emerge. In this introductory chapter, we chronicle the historical roots,...

Progressive taxation has historically been discussed primarily in the context of developed, Western nations. This article considers its application in two developing, nonwestern economies, emphasizing differences in political, economic, and (especially) cultural contexts and their effect on the...

Tax avoidance strategies of well-known U.S. multinationals such as Apple Inc., Microsoft Corp., and Hewlett-Packard Co. have received much attention recently. Multinationals' use of foreign shell entities to shift income away from the United States is subject to scrutiny. The debate is primarily...