ataxingmatter
This blawg deals with tax (primarily the federal income tax) and economic issues from the perspective of democratic egalitarianism. Postings discuss current cases and administrative guidance as well as economic and tax issues in the news.
Author: Linda M. Beale is an associate professor at Wayne State University Law School.
Blawg Related Categories: Tax Law • Wayne State University • Law Professor • Economics
Recent Posts from ataxingmatter
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Links worth reading
An Even Worse Financial System Than the One With Which We Began, Naked Capitalism, July 1, 2009. Yves Smith has a disconcertingly dismal outlook on the reform on the financial system, , where he sets…
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How do the big banks hurt us, let me count the ways
Have you gotten those credit card announcements--we're changing the terms of your credit card, increasing our fees for this and that, increasing the rate we charge, permitting ourselves to charge you more if you do…
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The Estate Tax: a British perspective
One of the joys of trolling the internet is finding serendipitously a well-written piece that makes some good points in a way that hasn't been so refreshingly stated before. I consider the post on "Bad…
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More on UBS: DOJ memo in favor of summons enforcement
The pending summons case in Southern District of Florida has taken another step forward this week. The DOJ has asked for documents identifying the US taxpayers that have held "undeclared" accounts at UBS in Switzerland…
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If it's crazy, someone in Congress will propose it....home office deductions
There is a provision in the Code which generously permits taxpayers who have an office at home used exclusively as their principal place of business to deduct an allocated portion of the costs of their…
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Banks and the financial crisis
The financial crisis has entailed massive government support for banks and even for companies like GE that are primarily not banks but are bank holding companies (GE owns a couple of small regional banks and…
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State Revenue Problems--New Jersey
Recently, I blogged on Angry Bear and A Taxing Matter about Michigan's fiscal crisis, brought about in large part by the financial meltdown and consequent business and job losses. I suggested that Michigan should move…
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More on Swiss Banking Secrecy--guilty plea from American taxpayer who hid accounts
Story to date., in brief (see prior postings for more detail, including here and here). Last year, a former employee of the Lichtenstein bank revealed to various countries secret bank accounts held by their citizens…
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Washington Metro and its Sale-Leasebacks--not just a drain on the federal fisc, but also a matter of life and death?
As all are undoubtedly aware, the Washington Metro experienced its worst-ever subway crash, resulting in nine deaths. The crash involved an older model of rail car, one that the NTSB had asked the Metro system…
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More on Jenkins & Gilchrist Shelters--attorney liable in connection with tax opinion
The Fifth Circuit upheld an attorney's liability to an investor for his opinion in connection with the investor's entering into a Jenkens & Gilchrist/ Bank One digital options tax shelter for generating artifical losses, but…