Virginia Tax Review articles from June 2005

Virginia Tax Review archives from June 2005

On the limits of redistributive taxation: establishing a case for equity-informed legal rules.
June 22, 2005... I. INTRODUCTION That "[r]edistribution is accomplished more efficiently through the income tax system than through the use of legal rules" seems to be the prevailing norm in the law and economics literature, which finds it "appropriate for...

Liabilities and the need to keep the income tax base closed.
June 22, 2005... I. INTRODUCTION Liabilities are as common as assets. The negative values they represent are as important an indication of wealth as the positive values represented by assets. The basic rules for measuring them and for accounting for them...

Economic analysis in judicial decision making - an assessment based on Judge Posner's tax decisions.
June 22, 2005... I. INTRODUCTION In the past half-century, proponents of law and economics have used the tools of economics to analyze a wide array of legal issues, starting with tax and antitrust and expanding to fields as diverse as torts, criminal law,...

Beating the "wrap": the agency effort to control wraparound insurance tax shelters.
June 22, 2005... I. INTRODUCTION The owners of cash value life insurance and annuity contracts have long been able to defer paying tax on the income accruing inside these products--that is, on the "inside buildup." (1) Early insurance products provided...

Using the social background model to explain who wins federal appellate tax decisions: do less traditional judges favor the taxpayer?
June 22, 2005... I. INTRODUCTION Legal research examining how judges decide cases has begun to complement political science literature about the effects of judges' social backgrounds on their decisions in various areas of the law. (1) However, very little...

International trade and tax agreements may be coordinated, but not reconciled.
June 22, 2005... I. INTRODUCTION A recent World Trade Organization (WTO) case held the United States export tax subsidies to be inconsistent with U.S. WTO obligations. (1) Despite strong political resistance, (2) which fed a long and costly legislative...