Thursday, June 2, 2005
Steven A. Bank (UCLA) & Kirk J. Stark (UCLA) have published Business Tax Stories (Foundation Press, 2005) (ISBN # 1-58778-729-6), part of the Law Stories Series of books for which I serve as Series Editor.
Unlike the other volumes in the Law Stories Series, Business Tax Stories does not deal solely with judicial opinions. In the field of business taxation, many of the most significant developments are not cases, and certainly not Supreme Court cases, but rather legislative and administrative changes and transactional innovations. Business Tax Stories includes chapters on several landmark cases; however, it also surveys many of the critical developments in the history of U.S. corporate and partnership taxation. Taken as a whole, Business Tax Stories is organized to serve as a history of business taxation over the last century:
- Introduction: An Evolutionary Perspective on the History of U.S. Business Taxation, by Steven A. Bank (UCLA) & Kirk J. Stark (UCLA)
- Chapter 1. The Story of the Separate Corporate Income Tax: A Vehicle for Regulating Corporate Managers, by Reuven S. Avi-Yonah (Michigan)
- Chapter 2. The Story of the Corporate Reorganization Provisions: From "Purely Paper" to Corporate Welfare, by Ajay K. Mehrotra (Indiana-Bloomington)
- Chapter 3. The Story of Gregory: How are Tax Avoidance Cases Decided?, by Assaf Likhovski (Tel Aviv)
- Chapter 4. The Story of General Utilities and its Repeal: Much Ado about Nothing?, by Herwig J. Schlunk (Vanderbilt)
- Chapter 5. The Story of Double Taxation: A Clash over the Control of Corporate Earnings, by Steven A. Bank (UCLA)
- Chapter 6. The Story of Hendler: From Pyrrhic Victory to Modern Section 357, by Karen C. Burke (San Diego)
- Chapter 7. The Story of Subchapter K: Mark H. Johnson's Quest, by Mark P. Gergen (Texas)
- Chapter 8. The Story of Tufts: The "Logic" of Taxing Nonrecourse Loan Transactions, by Laura Cunningham (Cardozo) & Noel Cunningham (NYU)
- Chapter 9. The Story of Seagram: The Step Transaction Doctrine on the Rocks, by Lawrence Zelenak (Duke)
- Chapter 10. The Story of the Limited Liability Company: Combining the Best Features of a Flawed Business Tax Structure, by Susan Pace Hamill (Alabama)
Update: I endorse Joe Kristan's recommendation of the book as the perfect Father's Day gift.