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Full-Text Articles in Taxation-Federal

Recessions And The Social Safety Net: The Alternative Minimum Tax As A Countercyclical Fiscal Stabilizer, Brian Galle, Jonathan Klick Dec 2010

Recessions And The Social Safety Net: The Alternative Minimum Tax As A Countercyclical Fiscal Stabilizer, Brian Galle, Jonathan Klick

All Faculty Scholarship

As recent events illustrate, state finances are procyclical: during recessions, state revenues crash, worsening the effects of economic downturns. This problem is well known, yet persistent. We argue here that, in light of predictable federalism and political economy dynamics, states will be unable to change this situation on their own. Additionally, we note that many possible federal remedies may result in worse problems, such as by creating moral hazard that would induce states to take on excessively risky policy, both fiscal and otherwise. Thus, we argue that policymakers should consider so-called “automatic” stabilizers, such as are found in the federal …


Hacia Un Marco Económico Del Impuesto A La Renta Empresarial, José Manuel Martin Coronado Jun 2010

Hacia Un Marco Económico Del Impuesto A La Renta Empresarial, José Manuel Martin Coronado

José-Manuel Martin Coronado

El ámbito económico del Impuesto a la Renta Empresarial, y de los gastos deducibles para su determinación, puede dividirse en dos espacios: i) Espacio microeconómico y ii) Espacio macroeconómico. En la actualidad, la práctica del derecho tributario se encuentra frecuentemente vinculada con la contabilidad empresarial, por lo que los estudios contables y/o de abogados se encargan de resolver problemas contables-tributarios en la esfera empresarial que se encuentra subsumida en la esfera microeconómica. Por el contrario, en la esfera macroeconómica, por ejemplo, la política fiscal o tributaria de un Estado, es rara vez analizada por la práctica jurídica o contable e …


Over 3 Million Low-Income Children In Rural Areas Face Cut In Child Tax Credit If Recovery Act Improvement Expires, Arloc Sherman, Marybeth J. Mattingly Apr 2010

Over 3 Million Low-Income Children In Rural Areas Face Cut In Child Tax Credit If Recovery Act Improvement Expires, Arloc Sherman, Marybeth J. Mattingly

The Carsey School of Public Policy at the Scholars' Repository

According to this new research, at the end of 2010, the Child Tax Credit improvements that were included in the 2009 American Recovery and Reinvestment Act will expire if Congress does not extend them. If this happens, low-income working families across America will be affected.


Foreword: On Publishing Anonymously, Anthony C. Infanti Jan 2010

Foreword: On Publishing Anonymously, Anthony C. Infanti

Articles

In this foreword to the fall 2010 issue of the Pittsburgh Tax Review, I explain the troubling set of circumstances that led to our decision to publish one of the articles anonymously. All of the articles in this issue share a focus on suggestions for state and local tax reform in Pennsylvania. The circumstances surrounding the decision to publish this one article anonymously raise a host of questions regarding the extent to which tax professionals are free to make suggestions for tax reform without being subject to employer censorship.


The Corporate Income Tax And The Competitiveness Of U.S. Industries, Michael S. Knoll Jan 2010

The Corporate Income Tax And The Competitiveness Of U.S. Industries, Michael S. Knoll

All Faculty Scholarship

Hit hard by the financial crisis and recession, U.S. auto producers are seeking a massive bailout from the U.S. Congress. Many reasons are given for the U.S. auto industry’s lack of competitiveness including the U.S. corporate income tax. Although it is regularly asserted that there is a direct connection between the corporate income tax and competitiveness, what that connection is has not been carefully spelled out. In this essay, I describe how the corporate income tax directly harms the competitiveness of U.S. industries. I show that the mechanism differs depending upon whether the U.S. industry is defined as the global …


A Comprehensive Theory Of Deal Structure: Understanding How Transactional Structure Creates Value, Michael S. Knoll, Daniel M. G. Raff Jan 2010

A Comprehensive Theory Of Deal Structure: Understanding How Transactional Structure Creates Value, Michael S. Knoll, Daniel M. G. Raff

All Faculty Scholarship

No abstract provided.