Abstract Many U.S. nonprofits use offshore blocker corporations to avoid paying the debt-financed unrelated business income tax (UBIT). Some lawmakers and commentators, however, criticize the practice as abusive. This article takes a closer look at the issue. It concludes that the use of...

Catastrophes including the COVID19 pandemic of 2019-2020 impose great financial stress on consumers. This op-ed proposes the distribution of economic relief directly to consumers by authorizing credit card issuers to bill Congress for portions of the interest that otherwise would be charged to...

Merchant Authorized Consumer Cash Substitutes (MACCS) have existed in one form or another for hundreds of years although without a generic name. At nineteenth century American railroad construction sites far from established towns, companies paid employees with “scrip.” Coca Cola, beginning...

The cultural and political demand for nonprofit financial accountability has grown rapidly in recent decades. At the same time, donations and gifts continue, apparently, to decline as a proportion of overall revenue received. To remain viable in this environment, many nonprofit groups are...

Over the last year it has been unexceptional to watch the consumer coverage of problems related to the natural disasters created by the hurricanes. Outside of the Southern states, the national media and leaders of other consumer organizations spent a very large amount of time warning the...

Many U.S. nonprofits use offshore blocker corporations to avoid paying the debt-financed unrelated business income tax (UBIT). Some law-makers and commentators, however, criticize the practice as abusive. This article takes a closer look at the issue. It concludes that the use of offshore...

This Article reaches into the personal history of Monroe Freedman, a pioneer in multi-dimensional legal ethics, to advance an explanation for his advocacy and his signal contributions to legal ethics - particularly his landmark article of 1966, Professional Responsibility of the Criminal Defense...

Accepting the logic of the court in Mainstream Marketing v. FTC and other rulings on the Telemarketing Sales Rule, namely that the distinction between for-profit and nonprofit solicitation is constitutionally permitted because there is a "rational basis" for doing so, this article questions the...