TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Monday, March 26, 2012

Dean: Tax Deregulation

Steven Dean (Brooklyn), Tax Deregulation, 86 N.Y.U. L. Rev. 387 (2011):

Deregulation has played both the hero and the villain in recent years. This article evaluates the impact of deregulation on what may be the single most economically important regulatory regime: the income tax. In order to accomplish this goal, it applies the concepts of fiscal arbitrage and compliance spirals to three deregulatory tax reforms. Compliance spirals describe an enforcement dynamic in which the regulator encourages compliance through a system of rewards for cooperation andpunishment for noncooperation. Fiscal arbitrage describes policy measures that exploit cognitive biases and other anomalies to deliver political benefits by using minimal political capital. The combination of these two concepts creates a tool for tax authorities to evaluate deregulatory tax provisions for likely costs and benefits. On balance, this article finds that tax deregulation is likely to be harmful.

http://taxprof.typepad.com/taxprof_blog/2012/03/dean-.html

Scholarship, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0168e933e811970c

Listed below are links to weblogs that reference Dean: Tax Deregulation:

Comments