International tax planning strategies, by their very nature, increase firms’ free cash flows, which could improve companies’ creditworthiness. However, these strategies also bring information and agency problems, which may reduce their creditworthiness. To understand which of these effects...

In this article, Altawyan overviews the tax rules for Islamic finance to help lawmakers and policymakers in the United States and other countries develop laws or guidance on sharia-compliant financial activities and transactions

In this article, Parsons examines Jarrett, a pending refund suit in which the taxpayers argue that blockchain reward tokens should be included in income only upon sale or exchange (a position that would raise their tax bills), and she explores why they sought this treatment and what implications...

The article explores the possibility of a wealth tax under Brazilian law, providing an overview of the proposals under consideration and examining recent events that could influence its implementation. Ultimately the author concludes that there may not be sufficient momentum for the legislation...

Following its recent success against syndicated conservation easements (“SCEs”), the IRS announced a Settlement Initiative (“SI”) on June 25, 2020 to “bring finality” to taxpayers battling the IRS on SCE issues. The IRS has been suspicious of conservation easements since 2016, when...

In this article, the author discusses the need for economic reform in Venezuela and puts forth a proposal for tax reform that focuses on using tax exemptions and other special regimes to encourage growth, investments and progress

This article explores the consequences of the extreme increase in remote work, due to the pandemic, on state taxation. Discussed in the article is state sourcing and apportioning of nonresident wage income, employer withholding tax obligations, and corporate tax nexus. The authors predict an...

In the summer of 1990 two groundbreaking articles on business process re-engineering (BPR) were published, one by Thomas H. Davenport (a professor in information technology at Babson College) in the MIT Sloan Management Review, the other by Michael Hammer (a professor of computer science at MIT)...

This Article examines the state and local tax deduction as a mechanism of fiscal federalism, by analyzing the effect of the deduction, calculated as tax expenditures by state, on the imbalance of federal expenditures. It argues that, on the whole, SALT deduction was an effective, albeit...

The novel coronavirus demands untold amounts of public spending even as it has destroyed untold amounts of economic value, yet the fortunes of some taxpayers will multiply in the process. The authors consider proposals to rebuild revenue coffers using excess profits taxes and argue that, owing...