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Banking and Finance Law

Faculty Journal Articles and Book Chapters

2009

Articles 1 - 2 of 2

Full-Text Articles in Law

Corporate Tax Reform: Listening To Corporate America, Christopher H. Hanna Jan 2009

Corporate Tax Reform: Listening To Corporate America, Christopher H. Hanna

Faculty Journal Articles and Book Chapters

In the last few years, academics, practitioners and government officials have engaged in serious discussions in reforming the U.S. corporate income tax system. Some, if not much of the discussion, has focused on maintaining the competitiveness of U.S. corporations in a global economy. As a result, some have argued that the U.S. needs to reduce its top corporate tax rate from 35 percent, which is currently among the highest of the 30 OECD countries, to a rate around 30 percent or even lower. Others have maintained that the U.S. needs to enact specific or targeted tax incentives, such as expensing …


Building A Framework To Address Failure Of Complex Global Financial Institutions, Douglas W. Arner, Joseph J. Norton Jan 2009

Building A Framework To Address Failure Of Complex Global Financial Institutions, Douglas W. Arner, Joseph J. Norton

Faculty Journal Articles and Book Chapters

The systemic phase of the current global financial crisis was triggered by the failure of large complex global financial institutions (LCGFIs). In this context, as recognised by the Group of 20, one of the greatest failures of both international and domestic legal and regulatory systems has been the lack of appropriate arrangements, including adequate insolvency arrangements, to address such failures when they occur. Following a discussion of the difficulties of dealing with the failure of large complex global financial conglomerates, the article discusses advocates a framework based upon prevention of failure as the first element and mechanisms to address failure …