The Problem of Corporate Tax Shelters PDF Download
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Author:
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 165
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Book Description
Author:
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 165
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Book Description
Author: Department Of The Treasury
Publisher:
ISBN: 9781304171108
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The proliferation of corporate tax shelters presents an unacceptable and growing level of tax avoidance behavior. Over the past several years, Congress and the Administration repeatedly have provided targeted responses to specific shelters as they have come to light. The Administration believes that a generic solution to curb the growth of corporate tax shelters must be fashioned, as opposed to the current after-the-fact, ad hoc approach. This, admittedly, is not an easy task. Unlike the individual tax shelters of the 1970s and 1980s, corporate tax shelters may take several forms and do not rely on any single Code section or regulation. For this reason, they are hard to define. Nonetheless, the Administration in its Fiscal Year 2000 Budget proposed several generic remedies, focused on certain identified common characteristics, to curb the growth of corporate tax shelters. As Deputy Secretary Lawrence Summers recently stated, the Administration's proposals are intended ...
Author:
Publisher:
ISBN: 9781579804329
Category : Tax shelters
Languages : en
Pages : 167
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Book Description
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 196
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Author:
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 167
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Book Description
Author: George K. Yin
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
Assuming that the problem of corporate tax shelters is as serious as some claim, this article suggests searching for a solution with the same characteristics as section 469 of the Internal Revenue Code (the passive activity loss limitations) - a broad, reasonably clear, outcomes-oriented rule that is unaffected by taxpayer purpose or intent, or the other elements making up the taxpayer's transaction. One possible solution is enactment of an quot;anti-abusequot; rule which denies a particular tax result if no sensible legislator would have approved of the result at the time the statute was drafted. The uncertainty of such a rule, however, would likely undermine its ability to be an effective deterrent to corporate tax shelters. The other possible solution explored in this article, which deserves further consideration, is to tax public corporations on their income reported for financial accounting purposes, as adjusted by tax rules authorizing specific deviations from that base. This solution should eliminate an entire class of shelter transactions. It may also greatly simplify the law and provide much needed transparency to the process of determining corporate income tax liabilities.
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: Robert E. Swanson
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 380
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Book Description
Author: Daniel N. Shaviro
Publisher: A E I Press
ISBN: 9780844771823
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
In this volume, AEI visiting scholar Daniel N. Shaviro explores the causes and costs of tax avoidance and provides a useful guide to the key conceptual issues that must be addressed in order to design a truly effective tax reform.
