Income Tax

Report: IRS installment plan hold time was 47 minutes in 2017

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The IRS’ Taxpayer Advocate has released its review of the 2017 filing season (PDF).

While noting that tax filing was relatively hassle-free for those who did not require assistance from the IRS, the Advocate found that “results were mixed” for taxpayers who sought help from the agency. Continue reading “Report: IRS installment plan hold time was 47 minutes in 2017” »

Corporate Tax Research Papers

Paper: A moral view of tax planning

Starbucks photo by Hans Vivek.

A pair of Dutch lawyers have an interesting new article out called “Good Tax Governance: A Matter of Moral Responsibility and Transparency.”

In the article, Hans Gribnau and Ave-Geidi Jallai of Tilburg Law School discuss how aggressive tax planning may disadvantage multinational corporations by causing resentment among consumers.

The professors write that because the public views tax avoidance in moral rather than legal terms, the bad PR associated with aggressive tax planning strategies must be a key consideration for implementing a tax planning strategy. Continue reading “Paper: A moral view of tax planning” »


Kevin Brady: Tax reform could increase deficit

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From The Hill:GOP chairman: Tax reform could increase deficit.”

The Republican tax reform plan could blow a hole in the nation’s deficit for several years, House Ways and Means Committee Chairman Kevin Brady (R-Texas) said Wednesday.

“We will be open to losing tax revenues in these early years,” Brady said at an event on tax reform at former President Reagan’s ranch in Santa Barbara, Calif.

Any such deficits, he added, would eventually come down as a result of economic growth and eventually disappear altogether, a controversial prospect among economists and deficit hawks alike. Continue reading “Kevin Brady: Tax reform could increase deficit” »


Republican tax writers eager to move past healthcare debate

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From Politico:Tax writers see peril in Trump’s Obamacare persistence.”

“Senators left Washington on Thursday for a monthlong recess and will return to a September already overloaded with legislative deadlines. With key Trump administration officials and some congressional leaders having said they want to get a tax revamp signed into law this year, tax writers believe they’ll need to make serious progress starting next month.

“We’re not going back to health care. We’re in tax now. As far as I’m concerned, they shot their wad on health care and that’s the way it is. I’m sick of it,” Senate Finance Chairman Orrin Hatch (R-Utah) said Wednesday, a day before he outlined his committee’s agenda for the fall.”

Continue reading “Republican tax writers eager to move past healthcare debate” »


Tax cuts and economic growth

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From Dealbook:Do Tax Cuts Really Spur Growth? It Depends on the Details.”

TL:DR — It’s a mixed-bag.

“At the core of decades of Republican economic policy is a simple idea: Cutting taxes will unleash investments and lead to higher incomes, more jobs and more rapid growth. And there are historical episodes that would seem to support that idea, most notably when Ronald Reagan cut taxes in the early 1980s, and the economy boomed in the years that followed.

But there’s considerably less evidence that this cause-and-effect applies at all times and at all places. George W. Bush’s 2001 and 2003 tax cuts were followed by years of disappointing growth. Bill Clinton’s tax increases in 1993 were followed by a boom that surpassed the Reagan-era expansion.

In a large body of academic research on this question, it seems that the exact time period and country examined and how tax changes are measured matters a lot — as does what the government does with the revenue.”

Continue reading “Tax cuts and economic growth” »