Courses


Exam Materials:The exam mode is Open, You may bring to the exam the required books (including the Code and Regulations), anything I have made available to you (including lecture notes and problem answers), anything you have prepared, and anything any other student in the class has prepared so long as you have been given a copy in advance of the examination (no materials may be shared by students during the examination). You may also bring a calculator.

Taxation


Reading Group on Tax Policy

For each week, there are two assigned law review articles. Each article can be found on HeinOnLine. Please read them in order.

  1. Week 1: Tax Base: Income vs. Consumption
    • 1. Andrews, A Consumption-Type or Cash Flow Personal Income Tax, 87 Harv. L. Rev. 1113 (1974).
    • 2. Bankman & Weisbach, The Superiority of an Ideal Consumpton Tax over an Ideal Income Tax, 58 Stan. L. Rev. 1413 (2006).
  2. Week 2: Corporate Tax Integration
    • 1. Warren, The Relation and Integration of Individual and Corporate Income Taxes, 94 Harv. L. Rev. 717 (1981).
    • 2. Sunley, Corporate Integration: A Economic Perspective, 47 Tax L. Rev. 621 (1992).
  3. Week 3: The Net Capital Gain Preference
    • 1. Cunningham & Schenk, The Case for a Capital Gain Preference, 48 Tax L. Rev. 319 (1993).
    • 2. Halperin, A Capital Gain Preference Is Not Even a Second-Best Solution, 48 Tax L. Rev. 381 (1993).
  4. Week 4: Assignment of Income
    • 1. Joyce & del Catto, The AB (ABC) and BA Transactions: An Economic and Tax Analysis of Reserved and Carved Out Income Interests, 31 Tax L. Rev. 121 (1976).
    • 2. Chirelstein, Fruit-Tree and the Ordinary Income Base, 1 U. Bridgeport L. Rev. 1 (1980).
  5. Week 5: Legal Transitions
    • 1. Graetz, Legal Transitions: The Case of Retroactivity in Income Tax Revision, 126 U. Pa. L. Rev. 47 (1977).
    • 2. Kaplow, An Economic Analysis of Legal Transitions, 99 Harv. L. Rev. 511 (1986).
  6. Week 6: Taxation of Financial Instruments
    • 1. Warren, Financial Contract Innovation and Income Tax Policy, 107 Harv. L. Rev. 460 (1993).
    • 2. Shenk, Taxation of Equity Derivatives: A Partial Integration Approach, 50 Tax L. Rev. 571 (1995).

Corporate Taxation