Will focus on evaluating tax policies by examining their tax equity implications, social and economic consequences, and administrative feasibility. This seminar will provide students with the opportunity to engage in tax policy issues, resulting in a heightened appreciation of the social and economic implications of tax policy, an increased ability to evaluate tax policies, and a deeper understanding of technical tax law rules. Topics include: (1) criteria for and methods of evaluating income tax policies; (2) theories of income; (3) the tax mix; (4) the use of the income tax system to implement tax expenditures; (5) the preferential treatment of certain groups and entities under the tax system; (6) the detrimental effects of taxes on certain segments of society or the economy the appropriate tax unit; and (7) taxation as a means to redistribute wealth. Students will be introduced a number of resources specifically designed for tax research and will be expected to use them to complete assignments. This seminar should be of interest to students who desire to practice tax law in a private firm or in government as well as those students interested, more generally, in the social and economic implications of tax law. Weekly hours: 2 Seminar/Discussion hours and 1 Reading hoursPrerequisite(s) or Corequisite(s): LAW 477.3 Note: Students may receive credit for only one of LAW 888 or LAW 488, as they are cross-listed.
Will focus on evaluating tax policies by examining their tax equity implications, social and economic consequences, and administrative feasibility. This seminar will provide students with the opportunity to engage in tax policy issues, resulting in a heightened appreciation of the social and economic implications of tax policy, an increased ability to evaluate tax policies, and a deeper understanding of technical tax law rules. Topics include: (1) criteria for and methods of evaluating income tax policies; (2) theories of income; (3) the tax mix; (4) the use of the income tax system to implement tax expenditures; (5) the preferential treatment of certain groups and entities under the tax system; (6) the detrimental effects of taxes on certain segments of society or the economy the appropriate tax unit; and (7) taxation as a means to redistribute wealth. Students will be introduced a number of resources specifically designed for tax research and will be expected to use them to complete assignments. This seminar should be of interest to students who desire to practice tax law in a private firm or in government as well as those students interested, more generally, in the social and economic implications of tax law. Weekly hours: 2 Seminar/Discussion hours and 1 Reading hoursPrerequisite(s) or Corequisite(s): LAW 477.3 Note: Students may receive credit for only one of LAW 888 or LAW 488, as they are cross-listed.
