Steve Rosenthal

How Should We Tax The Rich

A cheat sheet on some of the leading ideas.

September 10, 2019Howard Gleckman

Does Treasury Have the Legal Authority To Curb Tax Inversions?

While we wait to see how and when the Obama Administration will use its executive authority to curb the use of corporate tax inversions, the debate continues over whether Treasury even has the power to limit the practice. In a new article in Tax Notes , Tax Policy Center senior fellow Steve

September 22, 2014Howard Gleckman

: TaxVox

Inversions, Loopholes, Taxes and TIFs: What’s a Revenue Service to Do?

Inversions: The waiting is the hardest part. At yesterday’s TPC event Treasury Secretary Jack Lew promised an anti-inversion decision “soon,” but committed to no other details . While everybody agrees corporate inversions are done largely to avoid taxes, does Treasury have the authority to prevent

September 9, 2014Renu Zaretsky

Business Taxes: TaxVox

Treasury’s Lew Says Anti-Inversion Decision Will Come Soon, But Offers No Hints About What Or When

In a speech today at the Tax Policy Center, Treasury Secretary Jack Lew said the agency will decide “in the very very near future” how it will respond to the recent wave of tax-motivated corporate inversions. Lew strongly urged Congress to curb the practice on its own, but suggested Treasury might

September 8, 2014Howard Gleckman

: TaxVox

Business Tax Reform: Will Patience Be a Vice?

Treasury speaks on business tax reform at TPC. Tune in this morning. Treasury Secretary Jack Lew will address business tax reform and will be followed by a panel discussion on corporate inversions, a US tax avoidance strategy. The panel includes Sally Katzen of the NYU School of Law, TPC’s Steven

September 8, 2014Renu Zaretsky

Individual Taxes: TaxVox

Is Treasury About to Curb Tax Inversions on Its Own?

The Treasury Department put out the word that Secretary Jack Lew is considering regulatory curbs on corporate tax inversions, a step that may be intended to increase pressure on Congress to act once it returns from its summer recess in September. The matter of how much authority Treasury has to

August 19, 2014Howard Gleckman

Individual Taxes: TaxVox

Have We Created a Two-Tiered Tax System—One for the Powerful and One for the Rest of Us?

Unlike the rest of us, many high-income, influential people and organizations have close to a free hand when it comes to their taxes. Already underfunded and understaffed, the IRS seems incapable of stopping many aggressive or even abusive interpretations of the tax laws, often by hedge funds or

July 22, 2014Howard Gleckman

State and Local Issues: TaxVox

How To Fix Washington, DC's Tax System

An advisory commission has recommended some interesting changes to the District of Columbia’s tax system. The commission’s proposals may provide some useful lessons for other...

February 18, 2014Howard Gleckman

Individual Taxes: TaxVox

An Upcoming Debate on Whether Private Equity Should Pay Higher Taxes

If you are looking for a break from the dreary debate over the budget, our friends at Tax Analysts will be holding a roundtable discussion...

September 24, 2013Howard Gleckman

Individual Taxes: TaxVox

Do Private Equity Firms and their Partners Owe Ordinary Income Tax Under Today’s Law?

For a decade, Congress has been debating how to tax managers of private equity firms. The argument is pretty familiar to tax wonks: Should these...

June 25, 2013Howard Gleckman