Daily Deduction

An Exit Tax, a Pension Hole, and Tax Day Hunts

April 12, 2016 –
One way to stop corporate inversions and tax dodgers… TPC’s Steve Rosenthal explains in his essay for Fortune. A corporate exit tax, he concludes “...

Tax Forms Here, Tax Forms There…

April 11, 2016 –
Treasury will soon move to increase transparency of shell companies. The department is finalizing a proposal to bar people or firms from using shell...

Obstacles, Services, and Policy Talk

April 8, 2016 –
Ten more days till Tax Day, and some families face filing obstacles. NPR tells the story of an engaged couple with a baby on the way and children...

Inversion Hopes Dashed… or Not.

April 7, 2016 –
Allergan has some thoughts on Treasury’s new inversion rules. The Dublin-based company’s CEO said “For the rules to be changed after the game has...

A Corporate Inversion Thwarted?

April 6, 2016 –
Treasury’s new rules may sink the Pfizer-Allergan merger. The $160 billion deal, under which Pfizer would change its mailing address to Dublin,...

Rules, Data, Plans, and More Data

April 5, 2016 –
Treasury issues earnings stripping rules. The wait is finally over. Treasury has issued temporary rules aimed at curbing earnings stripping , the...

Endowments, Promises, and Impacts

April 4, 2016 –
Tax-exempt college endowments: How big is too big? Private colleges structured as nonprofits with tax- exempt endowments face scrutiny by Republican...

Tax Day is around the corner, and the IRS can take your call!

March 28, 2016 –
The IRS improves service but remains under-funded. The Wall Street Journal reports (paywall) that the IRS answered 73 percent of its toll-free calls...

Are Presidential Candidates' Tax Plans Getting Closer Looks?

March 21, 2016 –
Would these New York millionaires back Trump’s tax plan? More than 40 millionaires in the state of New York wrote a letter to Governor Andrew Cuomo...

Tax Reform Inch by Inch, Hearing by Hearing

March 20, 2016 –
Tomorrow on the Hill. The Senate is in recess until April 4, but the Tax Policy Subcommittee of the House Ways & Means panel will hold the first...