The probabilities associated with a tax return being audited or containing underreported tax are formulated here in a different way. This new formulation is mathematically equivalent to the traditional formulation; however, it reveals a trigonometric relationship between these probabilities that...

This brief response to Michael Graetz's forthcoming article in the Columbia Tax Journal explores just one of the "unknowable unknowns" concerning the border-adjustment tax proposal in the House Republican Blueprint. The implication is that there are most likely numerous lurking unknowable...

For individual taxpayers engaged in offshore tax evasion, the U.S. government has issued a clarion call of deterrence best summarized in the song made famous by Martha and the Vandellas: “Nowhere to run to; nowhere to hide.” Yet, the jury is still out — literally — for most bankers,...

The classic deterrence theory model of income tax evasion first articulated in 1972 has met significant criticism because it does not comport with the observed rate of tax compliance. This article argues that the classic expected utility model and its various progeny, including nonexpected...

The principal purpose of this paper is to derive an expected value measure of the tax underreporting rate given only tax authority enforcement data. The main result is that the expected value measure of the underreporting rate is a modified geometric mean function of the audit rate and the...

The IRS recently reminded businesses in U.S. territories that they are subject to the rules requiring the reporting of cash payments over $10,000 on Form 8300 (IR-2015-81). Yet, this reminder leaves those who do business in the United States and its territories no clearer about how the law...

There exists a well-developed statistical theory predicting extreme price values for financial markets known as extreme value theory (EVT). This approach relies on the seemingly obvious, but rarely analyzed, assumption that price displacement extremes actually exist for various markets. This...

Describes the behavior of financial markets as functions of the variables 'price return' and 'time' based on the net difference between ask and bid volumes over a unit period, thereby suggesting that at least a negative non-trivial price return extreme exists for a unit period. This admittedly...

The Upper Information Rights Tribunal in the UK recently held that controllers not required by law to report data breaches are still subject to monetary penalties even if they voluntarily report a breach. The Information Commissioner's Office (ICO) and some information law experts stated that...

To what extent do U.S. law school demographics concerning gender, race, and ethnicity reflect the same demographics of their applicant populations? This is a preview (highlighting law school rankings) of a forthcoming paper that attempts to answer the question by developing a measurement of...