TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, May 17, 2017

Sanchirico:  Pass-Through, Public Trading, And The Dubious Obstacle Of Inside Basis Adjustments

Chris Sanchirico (Pennsylvania), Pass-Through, Public Trading, and the Dubious Obstacle of Inside Basis Adjustments (web appendix):

Elective “inside basis adjustments” are a central feature of partnership taxation, and their prospective infeasibility for publicly traded companies has played an important role in shaping leading corporate integration proposals.

This paper questions whether such adjustments are necessary in the first place.

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