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TaxProf Blog Weekend Roundup

Mar 14, 2010 10:18pm

Saturday: TIGTA Is Investigating 70 Jokes/Inappropriate Statements About the Attack on the Austin IRS Office Amar & Johnson: U.S. News Should Include Diversity in its Law School Rankings Corporate Mobility in the European Union and Exit Taxes Roe: Delaware's Shrinking Half-Life Sunday: Top 5 Tax Paper Downloads A Colorful Anti-Lawyer......

MIT Announced Its Admissions Decisions Today (3.14) at 1:59 -- 3.14159

Mar 14, 2010 5:45pm

MIT released its undergraduate admission decisions today at 1:59 p.m. -- 3.14159! From Pi Day: Pi, Greek letter ( ), is the symbol for the ratio of the circumference of a circle to its diameter. Pi Day is celebrated by math enthusiasts around the world on March 14th. Pi =......

Top 5 Tax Paper Downloads

Mar 14, 2010 11:10am

There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with a new #1 paper (which I highly recommend) and a paper returning to the list at #5: 1. [339 Downloads] Ten Estate Planning Advantages of Limited Liability Companies, by Paul L.......

A Colorful Anti-Lawyer (and Anti-Law Professor) Rant

Mar 14, 2010 9:00am

Here is a colorful rant against lawyers and law professors over the Wall Street Journal's suggestion that Harry Markopolos, who has written a best-selling book on his decade-long attempt to get the SEC to blow the whistle on Bernie Madoff’s billion-dollar Ponzi scheme, should be appointed chairman of the SEC:......

Two IRS Agents Demand Past-Due Taxes From Car Wash Owner: 4 Cents (Plus $202.31 Interest and Penalties)

Mar 14, 2010 3:15am

Sacramento Bee, IRS Visits Sacramento Carwash in Pursuit of 4 Cents: It was every businessperson's nightmare. Arriving at Harv's Metro Car Wash in midtown Wednesday afternoon were two dark-suited IRS agents demanding payment of delinquent taxes. "They were deadly serious, very aggressive, very condescending," says Harv's owner, Aaron Zeff. The......

States May Delay Tax Refunds

Mar 14, 2010 12:03am

Several states (Alabama, Hawaii, Kansas, New York, North Carolina) are considering delaying tax refund checks because of state budget shortfalls. ABC News, Check's in the Mail -- State Tax Officials Refute Worries of Refund Delays CBS News, Some States Delaying Tax Refund Payments USA Today, States May Hold Onto Tax......

TIGTA Is Investigating 70 Jokes/Inappropriate Statements About the Attack on the Austin IRS Office

Mar 13, 2010 11:00am

The Treasury Inspector General for Tax Administration is investigating more than 70 threatening jokes or inappropriate statements made to IRS agents about the Feb. 18 attack on an IRS building in Austin, Texas. FederalTimes.com Washington Post Update: For threatening jokes or inappropriate statements made by the President about the IRS,......

Amar & Johnson: U.S. News Should Include Diversity in its Law School Rankings

Mar 13, 2010 8:30am

Vikram David Amar (Associate Dean, UC-Davis) & Kevin R. Johnson (Dean, UC-Davis), Why U.S. News and World Report Should Include A Diversity Index in its Ranking of Law Schools: 'Tis the season to be, if not jolly about, at least aware of, one of the most prominent law school rankings......

Corporate Mobility in the European Union and Exit Taxes

Mar 13, 2010 1:45am

Christiana Hji Panayi (Queen Mary University of London, School of Law) has published Corporate Mobility in the European Union and Exit Taxes, 63 Bull. for Int'l Tax'n 459 (2009). Here is the abstract: The author examines corporate mobility from a private international law perspective and an EC law perspective. In......

Roe: Delaware's Shrinking Half-Life

Mar 12, 2010 11:39pm

Mark J. Roe (Harvard) has published Delaware’s Shrinking Half-Life, 62 Stan. L. Rev. 125 (2009). Here is the abstract: A revisionist consensus among corporate law academics has begun to coalesce that, after a century of academic thinking to the contrary, states do not compete head-to-head on an ongoing basis for......

85% Top Income Tax Rate Needed to Close Deficit

Mar 12, 2010 12:00pm

The Tax Foundation has published Can Income Tax Hikes Close the Deficit?: Using the Tax Foundation's Microsimulation Model to analyze the deficits projected by the President's Budget, we can project how much revenue a broad-based increase in federal income tax rates would generate. As usual, the President's Budget forecasts lower......

Brooks: A Comment on Watersheds: Runoff from the Tax Code

Mar 12, 2010 11:00am

Kim Brooks (McGill) has posted A Comment on Watersheds: Runoff from the Tax Code, 34 Vt. L. Rev. ___ (2010), on SSRN. Here is the abstract: The role of tax as an instrument of social and economic policy has recently come to the fore in debates about the environment. This......

WSJ: EU Court to Decide VAT Rate for Coin-Operated Porn Machine -- 'Cubicle Cinema' (6%) or 'Automated Recreation Device' (21%)?

Mar 12, 2010 9:58am

Wall Street Journal, A Peep at EU Tax Law. Read On. Really., by Charles Forelle: Your run-of-the-mill tax dispute is a dry affair. But now comes case C-3/09, Erotic Center BVBA v. Belgian State, before the European Court of Justice. The question at law: Can a peep-show purveyor enjoy the......

Cui: Business Tax: China’s Quasi-VAT

Mar 12, 2010 9:47am

Wei Cui (China University of Political Science and Law) has posted Business Tax: China’s Quasi-VAT, International VAT Monitor, No. 4, pp. 291-95, 2009, on SSRN. Here is the abstract: Recent VAT reform in China has created a new focus on the Chinese business tax (BT), as the BT currently covers......

The Year's Top 10 Published Law Professors

Mar 12, 2010 6:53am

Business Insider's Law Review, The Year's Top 10 Published Law Professors: One of the greatest responsibilities, or at least requirements, of being a renowned law professor is publishing. Whether there should be so much import placed on authoring discussion papers is debatable — some argue that professors should be more......