CEOs didn’t ask for this, but they’ll take it to the bank, shareholders
Much of the debate over the Tax Cuts and Jobs Act focuses on whether Congress favors rich corporations over poor people. But an expert on tax law at Washington University in St. Louis asks, what about poor corporations?
WashU Expert: Treasury should work within existing rules to close tax loopholes
The U.S. Treasury Department has issued several rules recently aimed at cracking down on tax evasion and money laundering in the wake of the “Panama Papers.” Will continuing to add new, and increasingly aggressive, rules make any lasting or concrete changes to the American tax code? Maybe, but perhaps at a cost to the tax law as a whole, says Washington University tax expert Adam Rosenzweig.
Tax renewals: buying time or a ‘permanently temporary’ fix?
Cheryl Block, JD, federal budget and tax expert and professor of law at Washington University in St. Louis, weighs in on tax cut extensions. “We want it all: low tax rates, government spending on the programs we prefer, and — ideally — a balanced budget,” she says. “Perhaps not surprisingly, the desire for prudent budgets increasingly loses out to the first two demands.”