TaxProf Blog

Tax Policy In The Trump Administration

• Bloomberg Law, Netflix, Others Push States to Decide on Taxing Their Services
• Bloomberg Law, ‘Twitter’ Tax Break in San Francisco Ends Amid Push for New Taxes
• Bloomberg News, Puerto Rico May Shift Some Aid to Opportunity Zone Projects
• Bloomberg News, States That Struggled to Forecast SALT Changes See an April Tax Boon
• Bloomberg Tax, Nearly Half of Sports Betting States Are Behind Tax Projections

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Tax Policy In The Trump Administration

• The American Prospect, How to Replace the Trump Tax Cuts Is the Story of 2020
• Bloomberg Law, Conflicting Tax Forms Create `Nightmares’ for Some Investors
• Bloomberg Law, Investors Boosted by Late Changes to Opportunity Zone Rules
• Bloomberg Law, Keyshawn Johnson Wants Another Try at California Tax Board
• Bloomberg Law, Mnuchin’s Day Job Consumed by Protecting Trump’s Tax Returns
• Bloomberg News, Berkshire Takes Tax Hit as Victim of ‘Ponzi-Type’ Solar Scheme

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Tax Policy In The Trump Administration

• Baker Institute For Public Policy (Rice University), The Marriage Penalty after the TCJA: Effects on High- and Low-Income Households and the Elderly
• Bloomberg Editorial, California’s Hidden Corporate Tax Cuts
• Bloomberg Law, California’s April Tax Haul Beats Forecast by $3 Billion 
• Bloomberg Law, Comparing and Contrasting the Benefits of Qualified Opportunity Zones and 1031 Exchanges

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Tax Policy In The Trump Administration

• American Prospect, Tax Reform: Target the Whales, Not the Minnows
• Bloomberg, Soak the Boomers to Save Capitalism
• Bloomberg, Uber Faces Proposed ‘IPO Tax’ in a San Francisco Divided by Inequity
• Bloomberg editorial, Treasury Department Invites Abuse of Opportunity Zones

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Tax Policy In The Trump Administration

• Bloomberg, Trump’s Tax Overhaul Is Curbing Housing Activity, Fed Researchers Say
• Bloomberg, Warren Has a Good Beginning for Ending Corporate-Tax Avoidance
• Bloomberg editorial, Fixing the IRS Means Spending Money to Save Money
• Bloomberg Tax, SCOTUS Focuses on Income Distributions in Trust Tax Debate

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Tax Policy In The Trump Administration

• Bloomberg, Defying Data, Kudlow Says Trump's Tax Cuts Covering Their Costs
• Bloomberg, Electric-Vehicle Tax Credits Get a Bipartisan Boost in Senate
• Bloomberg . Florida Paradise Offers Wealthy Developers a Big Trump Tax Break
• Bloomberg, House Passes IRS Upgrade Bill That Senate Could Quickly Approve

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Tax Policy In The Trump Administration

• The Atlantic, Taxpayers Are Very Confused
• Bloomberg, Chicago Real Estate Team Chases Tax Breaks in the U.S. Heartland
• Bloomberg, Democrats Dial Back SALT Goal With New Focus on Partial Rollback
• Bloomberg, The ETF Tax Dodge Is Wall Street’s “Dirty Little Secret”

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Tax Policy In The Trump Administration

• Barron’s, It’s Really Hard to Figure Out if You Qualify for a Pass-Through Tax Exemption
• Bloomberg, Beto O’Rourke Joins Calls for Wealth Tax to Avoid ‘Kings and Queens’
• Bloomberg, Brace Yourself, Corporate America: Taxes Are About to Go Up
• Bloomberg, Many Rich Fretting About SALT Didn’t Get That Tax Break Anyway

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Tax Policy In The Trump Administration

• Americans For Tax Fairness, “Small-Business” Tax Break in Trump-GOP Tax Law Found to Mostly Benefit Wealthy
• Bloomberg, NFL Panthers Rookie Owner Already Gets the Tax Game
• Bloomberg, The Surprising Winners and Losers of This Year’s Tax Season
• Bloomberg, Trump Tax Reform Hits Home in Wealthy New York Suburbs

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Tax Policy In The Trump Administration

• Barrons, It Isn’t Just Buybacks — the Tax Cuts Helped Companies Borrow a Lot Less Too
• Bloomberg, Bill Gates Spells Out Democrats’ Tax Plans as a Capital Gains Hike
• Bloomberg, Congressional Democrats Target Private Equity Tax Break
• Bloomberg, Democrat's Go-Slow Pace on Trump's Taxes Irks Party Progressives

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Tax Policy In The Trump Administration

• Bloomberg, Democrats In the Home of Hedge Funds Are Divided Over Tax Plans Sparing Rich
• Bloomberg, Financial Transactions Make for the Perfect Tax
• Bloomberg, Mnuchin Says Tax Refunds ‘Normalized’ After Latest Weekly Rise
• Bloomberg, New York, Florida Developer Taps a Tax Break Aimed at Needy Areas

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Tax Policy In The Trump Administration

• Ellen Aprill (Loyola-L.A.), The Trump Foundation and the Private Foundation Termination Tax
• Bloomberg, Get Rid of the State-Tax Deduction Altogether
• Bloomberg, S&P 500 Dividend Growth Comes to a Halt in Year After Tax Cuts
• Bloomberg, Trump Tax Law Created Breaks for Wall Street to Buy Private Jets

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Tax Policy In The Trump Administration

• Bruce Ackerman (Yale), The Constitutional Critiques of Elizabeth Warren’s Wealth Tax Plan Are Absurd
• Axios, Filthy Rich, Owing No Tax
• Baker Institute for Public Policy, Fiscal Federalism and the State and Local Tax Deduction Limit
• Bloomberg, Democrats Embrace Tax-the-Rich Label After Years of Ducking It
• Bloomberg, How High-Tax Countries Tax

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Tax Policy In The Trump Administration

• American Prospect, Democrats Have Broken the Taboo about Raising Taxes, and That’s a Good Thing
• Bloomberg, Amazon May Get a Tax Break for the Poor With a Project in America’s Richest County
• Bloomberg, Another Shutdown Could Mean the Most Troubled Tax Season in Recent History
• Bloomberg, Bernie Sanders’ Plan May Spur Types of Tax Dodges It Aims To Stop

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Tax Policy In The Trump Administration

• Bloomberg, The Big Democratic Fight Over How to Tax the Rich
• Bloomberg, Democrats Target Wall Street With Financial Trade Tax Proposal
• Bloomberg, Former Starbucks CEO Howard Schultz Calls for Higher Taxes on Wealthy
• Bloomberg, How Amazon’s Booming NYC Neighborhood Got Tax Perks Meant for the Poor
• Bloomberg, Trump Says He’s ‘Open’ to Changing SALT Cap; Grassley Disagrees
• Bloomberg, Trump’s ‘Opportunity Zones’ Tax Break Is Under Assault in N.Y.

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Tax Policy In The Trump Administration

• Bloomberg, Bernie Sanders Proposes Estate Tax of Up to 77% for Billionaires
• Bloomberg, Big Real Estate Moguls Win as Smaller Investors Denied Tax Break
• Bloomberg, The Golden Age of Hollywood Tax Avoidance
• Bloomberg, A Guide to Democrats’ Plans to Tax the Rich More

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ABA Webinar On The Government Shutdown: Monday 1:00 PM EST

As the IRS and Tax Court reopen (at least for about three weeks), readers might be interested in resources to help them.  The IRS has published a short announcement that answers some basic questions, here.   In addition, the ABA Tax Section is hosting a webinar on the effects of the shutdown on administrative operations and on Tax Court cases. The 1.5 hour webinar is scheduled for Monday, January 28, 2019 starting at 1:00 pm EST.  The cost is $10 for Tax Section members and $25 for non-members.  It is free to Low Income Tax Clinic or other pro-bono attorneys.  

 Topics will include:

• How the shutdown affected the Service’s issuance of notices;
• The ways taxpayers and representatives should consider reacting and responding to Service correspondence;
• The impact of the shutdown on applications for discretionary relief and IRS administrative services; 
• The Service’s current collection efforts; and
• The impact on filings with the United States Tax Court.

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Tax Policy In The Trump Administration

• Bloomberg, Don’t Be So Sure That Tax Cuts Are Good for Startups
• Bloomberg. Richest in U.S. Have a Few Tricks to Avoid Democrats' Tax Plans
• Bloomberg, Why Republicans Fell in Love With Tax Cuts
• Forbes, Alexandria Ocasio-Cortez's Tax Plan Isn't Unprecedented Historically

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Tax Policy In The Trump Administration

• Atlantic, No, High Taxes Will Not Suffocate American Innovation
• Bloomberg, The 70 Percent Solution: What Are Taxes For?
• Bloomberg, Big Tax Break for Business Owners at Risk as Shutdown Drags On
• Bloomberg, Corporate Earnings May Still Trip on Lower Bar

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Tax Policy In The Trump Administration

• Bloomberg, For a Real-World Example of Ocasio-Cortez’s Tax Proposal, Look to Sweden
• Bloomberg, For Tax Purposes, ‘the Rich’ Are People Who Earn More Than You Do
• Bloomberg, From TSA to Tax Refunds: Tracking the Impact of the Government Shutdown
• Bloomberg, The Democrats’ Latest Idea on Taxes Will Only Help Trump

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Tax Policy In The Trump Administration

• Bloomberg, Google Cuts Taxes By Shifting Billions to Bermuda—Again
• Bloomberg, House Republicans List Tax Law Errors Before Entering Minority
• Bloomberg, Start of New Congress Leaves Gaps at IRS, Tax Court 
• Reuters, Google Shifted $23 Billion to Tax Haven Bermuda in 2017

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Tax Policy In The Trump Administration

• Bloomberg, After Voting for Tax Law, Rubio Slams It for Helping Corporations Over Workers
• Bloomberg, Billion-Dollar Tax Break Could Give Puerto Rico False Hope Again
• Bloomberg, Foreign Banks Get a Break From IRS in Trump Tax Law's New Levy
• Bloomberg, How to Tell If Tax Reform Is Working

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Tax Policy In The Trump Administration

• Bloomberg, Kushners’ Beachfront Strip Eligible for Trump’s Poor-Area Tax Perks
• The Hill, Americans Aren't Buying Homes; Tax Reform Didn't Help Matters
• MarketWatch, The Tax Cut Isn’t Trickling Down to Workers
• Reuters, Corporate Tax Breaks Cost U.S. Schools Billions of Lost Revenue

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Tax Policy In The Trump Administration

• Bloomberg, Chaos Threat May Spur Global Effort on Digital Tax: OECD Official
• Bloomberg, Ex-Billionaire's Widow Gets Boost in Panama Papers Tax Fight
• Bloomberg, Higher Estate Taxes Can Prevent a Nation of Dynasties
• Bloomberg, In Final Tax Push, Brady's Best Shot Is His Most Hated Practice

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Tax Policy In The Trump Administration

• Bloomberg, Trudeau Unveils $10.5 Billion in Tax Cuts to Keep Up With Trump
• Bloomberg, Walmart Deal Brings Flipkart Founders Under Tax Probe
• MarketWatch, How the New Tax Law Affects Vacation Home Owners
• Jim Maule (Villanova), Tax Breaks and Corporate Blackmail 

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Tax Policy In The Trump Administration

• Bloomberg, $630 Million Death Tax Keeps LG Heir Out of Billionaires’ Club
• Bloomberg, Banks Are Losing Fight to Spike Tax on Sales Above $285 Million
• Bloomberg, Democrats Are Going to Try to Raise the Corporate Tax Rate
• Bloomberg, U.S. Companies Flee No-Tax Caribbean Havens After EU Crackdown

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Tax Policy In The Trump Administration

• Bloomberg, The Democrats’ Options for Repealing the Trump Tax Cut
• Bloomberg, Trump Says He's Open to Raising Taxes to Offset Middle-Class Cut
• Fiscal Times, 3 Ways Democrats Could Roll Back Trump’s Tax Cuts
• Huffington Post, How Republicans Failed To Sell Their Tax Law

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Tax Policy In The Trump Administration

• Business Insider, So Far, It Doesn't Look Like the GOP Tax Law Has Prompted the Investment Boom Republicans Promised
• Cato Institute, Conservatives for Higher Taxes
• Center on Budget and Policy Priorities, New York Times Investigation Highlights Failures in Taxing Income From Wealth
• Forbes, No Minimum Wage Increases Anywhere Says Trump Advisor -- Corporate Tax Cuts Are Enough

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Tax Policy In The Trump Administration

• Bloomberg, Kamala Harris Tax Plan Would Cost $2.8 Trillion, Conservative Group Says
• Bloomberg, U.S. Corporate Taxes Went From Low to Lower
• Sam Brunson (Loyola-Chicago), NonBelief Relief and Form 990
• Center on Budget and Policy Priorities, 2017 Tax Law Is Fundamentally Flawed

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Tax Policy In The Trump Administration

• American Prospect, Think the GOP Tax Cut Was for the Rich? Actually, It Was for the White and Rich.
• Atlantic, Kamala Harris’s Trump-Size Tax Plan
• Bloomberg, Top-Spending Republican Group Says Little About Trump Tax Law in Campaign
• CNN, Facebook Co-founder Wants to Repeal Trump Tax Cuts to Pay For a $500 Per Month Basic Worker Income

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Tax Policy In The Trump Administration

• Bloomberg, Exxon Puts $1 Million Into Quest for Carbon Tax and Rebate
• Bloomberg, Juicy Real Estate Tax Break Suffers Big Blow After IRS Proposal
• Bloomberg, Samsung Family's $4 Billion Tax Strategy Dragged Into Spotlight
• Bloomberg, Tax Change Aside, Companies Stick With Executive Performance Pay

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Tax Policy In The Trump Administration

• Axios, Preparing for the End of the Tax Cut "Sugar Rush"
• Sam Brunson (Loyola-Chicago), Elon Musk, Tweets, Fines, and Deductibility
• Sam Brunson (Loyola-Chicago), When Religious Tax Accommodations Are Inconsistent
• Center on Budget and Policy Priorities, House Republican “2.0” Tax Plan Skewed to Top, Loses Needed Revenue

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Tax Policy In The Trump Administration

• Bloomberg, How to Reform Tax Reform
• Bloomberg, Shareholders Aren’t Gaining From Tax Cuts as Much as Some Think
• Brookings Institution, Tax Cuts: The Gift That Keeps Not Giving
• Center for American Progress, Americans Have Rejected the GOP’s Tax Scam—Congress Should Too

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Tax Policy In The Trump Administration

• Axios, The GOP’s Corporate Jet Tax Loophole Sparks a Market "Frenzy"
• Axios, Tax Cuts May Hurt Republicans in the Midterms
• Bloomberg, How to Reform Tax Reform
• Bloomberg, Yes, the Tax Cuts Have Cost the U.S. Treasury Money

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Tax Policy In The Trump Administration

• Bloomberg, House Republicans Unveil Tax-Cut Bill Ahead of Election Push
• Bloomberg, IRS Moves to Ease Pain of New Tax That Targets Offshore Profits
• Bloomberg, Jeff Bezos Homeless Pledge Follows Amazon Fight Against Housing Tax
• Center on Budget and Policy Priorities, New House Republican Tax Proposal Fails Fiscal Responsibility Test, While Favoring the Wealthiest

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Tax Policy In The Trump Administration

• Center on Budget and Policy Priorities, House Republican “2.0” Tax Plan Favors Wealthiest, Makes Fiscal Problems Worse
• Center on Budget and Policy Priorities, Sanders-Khanna Bill Risks Unintended Side Effects That Could Hurt Lower-Income Workers and Spur Discriminatory Hiring Practices
• Los Angeles Times, Republicans May Scrap Tax Cuts' Next Phase After Backlash on State and Local Tax Deductions
• NBC News, Republicans Are Running on Tax Cuts — Just Not Trump's

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Tax Policy In The Trump Administration

• Bloomberg, Ex-Budget Director Stockman Says Trump Tax Cuts Will Cause 'All Hell to Break Loose'
• Bloomberg, The Earnings Boom Isn’t Just About Lower Taxes
• Bloomberg, For Goldman, a New Tax Break Makes Helping the Poor More Lucrative
• Bloomberg, Here’s What May Happen to Your Taxes If Democrats Win the House

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Tax Policy In The Trump Administration

• Bloomberg, The Case for Low Capital-Gains Taxes Grows Weaker
• Bloomberg, Here’s What May Happen to Your Taxes if Democrats Win the House
• Bloomberg, Trump’s War Against Blue States
• Bloomberg, U.S. Chamber Urges Treasury to Relax Offshore Tax Refund Rules

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Tax Policy in the Trump Administration

• Bloomberg, Bitcoin Investing Is Creating Tax Predicaments for Hedge Funds
• Bloomberg, PNC Faces Subpoena Over Low-Income Housing Tax Credits
• Bloomberg, Rich Professionals Are Using Pension Plans as a Tax Dodge
• Bloomberg, Tax Cuts Are Why U.S. Bond Yields Aren't Higher

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Tax Policy In The Trump Administration

• Bloomberg, Exxon Loses Fight for $337 Million Tax Refund From U.S.
• Bloomberg, Meet the Guy in the Senate Tasked With Hearing Your Tax and Trade Complaints
• Bloomberg, NYC Area Tax-Law Refugees Fuel a Luxury-Home Boom in Florida
• Fiscal Times, Extending Tax Cuts and Spending Hikes Would Raise Debt to Record Level by 2029: CBO

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Tax Policy In The Trump Administration

• Bloomberg, Corporate America Now Knows How to Tally Its Repatriation Taxes
• Bloomberg, Tax Breaks for Stock Pay Curbed, Handing Tech `Huge' Liabilities
• Bloomberg, U.S. Expats Face Hammering From New Tax Rules
• Bloomberg editorial, A Big, Bold, Backward Tax Idea

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Trump Administration's Trial Balloon On Indexing Capital Gains Is Widely Panned

Following up on my previous posts:

• NY Times, Trump Administration Mulls Unilateral $100 Billion Tax Cut For The Rich By Indexing Capital Gains (July 31, 2018)
• WSJ, Can Trump Enact A Second Tax Cut On His Own By Indexing Capital Gains? (July 14, 2018)
• Daniel Hemel (Chicago) & David Kamin (NYU), The False Promise of Presidential Indexation (June 6, 2018)

• Bloomberg, Five Reasons Trump’s Trial Balloon on Capital Gains Taxation Should Sink
• Business Insider, A Study Already Threw Cold Water on the Biggest Argument for Trump's $100 Billion Tax Cut
• Business Insider, Trump's Idea for a $100 Billion Tax Cut That Would Give 97% of its Benefit to the Wealthy Is Legally Dubious
• Fiscal Times, White House Distances Itself from Big Tax Cut for the Wealthy
• Forbes, New Tax Break? Trump Administration Considers Indexing Capital Gains For Inflation
• Houston Chronicle editorial, Capital Gains Tax Proposal Prompted by Greed and Texans Should Oppose It
• New York Times editorial, Trump’s Crony Capitalists Plot a New Heist: The Treasury Secretary Floats a Plan to Hand $100 billion in Capital Gains tax Savings to His Moneyed Friends. It’s Almost Certainly Illegal.
• Newsweek, Trump Weighs Bypassing Congress to Give Ultra-Wealthy $100 Billion in Tax Cuts
• Politico, More Fun With Indexing
• Politico, Push for Another Upper-Income Tax Cut Gets Treasury's Attention
• Reuters, Capital Gains Tax Cut Idea Puts Pressure on Trump Administration
• Salon, Trump Eyes Bypassing Congress to Gift the Rich With a $100 Billion Tax Cut
• Dan Shaviro (NYU), I Think the NYT's Article Title Says It All

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Tax Policy In The Trump Administration

• Above the Law, Living With And Applying The Tax Cuts And Jobs Act Of 2017 In Real Life
• Bloomberg, GOP’s New Tax-Cut Framework Leaves Out Fixes for Retailers, #MeToo Victims
• Bloomberg, In New Round of Tax Cuts, Retirement Changes Seen as Most Likely to Pass
• Bloomberg, Obama and Bezos Could Make Basic Income Work

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Tax Policy In The Trump Administration

• Bloomberg, Bank of America’s Trump Bump Has Faded
• Bloomberg, A New Reason for Trump to Release His Tax Returns: Helsinki
• Bloomberg, Trump’s Tax Cut Hasn’t Done Anything for Workers
• Fiscal Times, Corporate Tax Cuts Don’t Boost Incomes for Majority of Americans: Study

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Tax Policy In The Trump Administration

• Bloomberg, Court Pick Kavanaugh’s Views Could Limit Tax Rule Challenges
• Bloomberg, Due to Tax Law, Murdoch May Get Billions by Picking Disney Stock Over Comcast Cash
• Bloomberg, Pass-Through Tax Guidance Delayed Until End of July
• Bloomberg, Tesla Buyers Hear Clock Ticking as $7,500 Credit Phases Out
• Bloomberg, Trump Tax-Cut Optimism Fades Into Trade-War Gloom

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Tax Policy In The Trump Administration

• American Prospect, The Idle Poor and the Idle Rich
• American Prospect, Will the Tax Act Set Back Private Equity?
• Forbes, Should Tesla Worry As Its Federal Tax Credit Winds Down?
• Forbes, Unpacking The New Tax Reform: Crucial Changes For Real Estate Investors

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Tax Policy In The Trump Administration

• American Prospect, How the Tax Act Embodies the Republican Culture of Corruption
• American Prospect, Principles for Tax Reform
• American Prospect, Raises and Bonuses: The PR Fraud
• American Prospect, The Top Ten Fallacies About the New Trump-GOP Tax Act

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Tax Policy In The Trump Administration

• American Banker, Stress test results show hit to capital from tax reform
• American Banker, Wells Fargo Exhibit A in Democrats' Case Against Tax Law
• Bloomberg, GOP Leaders Want to Celebrate Tax Cuts But Few Are Listening
• Bloomberg, House GOP Unveils Budget to Fast-Track Tax Cuts, End Obamacare

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Tax Policy In The Trump Administration

• Bloomberg, Cohn Says Trade Disputes Could Wipe Out Tax Cut Benefits
• Bloomberg, Corporate Tax Cuts May Shift Paper Profits, Not Factories
• Bloomberg, Guess What? Companies Are Bringing Their Cash Home
• Business Insider, Bernanke: Trump's Tax Cuts Are Like 'Wile E. Coyote' and the Economy's Boost Will Fall Off the Cliff in 2020

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Tax Policy In The Trump Administration

• Axios, Behind Closed Doors: Republicans Worry Tax Reform Won't Save GOP
• Bloomberg, Starbucks’ Howard Schultz Slams Trump, Calls Tax Cuts ‘Reckless’
• Center on Budget and Policy Priorities, 2017 Tax Law Weakens Estate Tax, Benefiting Wealthiest and Expanding Avoidance Opportunities
• Center on Budget and Policy Priorities, Corporate Tax Cut Benefits Wealthiest, Loses Needed Revenue, and Encourages Tax Avoidance

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