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

Monday, August 21, 2017

Kleinbard: Business Taxes Reinvented — The Dual Business Enterprise Income Tax

Edward Kleinbard (USC), Business Taxes Reinvented — A Term Sheet, 156 Tax Notes 999 (Aug. 21, 2017):

This short overview and accompanying term sheet summarize the key features of a proposed comprehensive business tax environment termed the Dual Business Enterprise Income Tax (the Dual BEIT). The term sheet format is a useful mode of presentation for capturing in one accessible document the major policy recommendations of the Dual BEIT (or any other comprehensive tax reform proposal).

This paper makes the case that the Dual BEIT satisfies the objectives of policymakers from both parties for comprehensive business tax reform that can serve as the platform for economic growth while collecting appropriate levels of tax revenue. The arguments are developed further in two more detailed papers: Capital Taxation in an Age of Inequality, 90 So. Cal. L. Rev. 593 (2017), and The Right Tax at the Right Time, 20 Fla. Tax Rev. ___ (2017).

Patrick Driessen (Former Revenue Estimator, U.S. Treasury Department and Joint Committee on Taxation), Dual BEIT’s Effects on Revenue and Distribution, 156 Tax Notes 1015 (Aug. 21, 2017):

In this article, Driessen points out that the dual business enterprise income tax outlined in an article by Edward D. Kleinbard does not appear to be fiscally imprudent or regressive.

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