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There are many ways in which a tax lawyer can help clients. Tax policy attorneys are often involved in the preparation of proposed tax regulations and can come up with innovative tax structures. They can also participate in organizations that comment on proposed Treasury Regulations and can make an impact on the content of the final tax rules. Ultimately, tax policy attorneys help their clients make informed decisions regarding tax laws and regulations. And they can be invaluable resources for companies looking to make their operations more efficient.
Tax Policy seminars are especially helpful for students interested in government service, working for a think tank, or entering the legal academy. Tax Policy & Public Finance Colloquium is an advanced study of tax policy and features a leading tax scholar discussing his work-in-progress. The Federal Budget Policy and Process Seminar offers students the tools they need to be successful in analyzing and interpreting the federal budget. It also delves into the theory that underlies federal budget policymaking.
The Court's decision in Maryland v. Wynne (2015) invalidated a Maryland tax credit for income earned outside of the state. Maryland residents were being subjected to double taxation when they earned income outside of the state. This double taxation was considered impermissible because it favored residents. The case arose because Maryland has both a county and state tax. The tax credit was intended to help Maryland residents who earned income outside of the state get a refund. The ruling invalidated this credit, and the state government is looking for ways to make it work better for all taxpayers.
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The difference in tax policy between the Democratic and Republican parties is largely a matter of normative criteria. The parties have different views of the role of government and social preferences. These differences in normative criteria also affect their perception of the efficiency implications of taxation. Despite the differences between Democrats and Republicans, the economic outcomes of taxation are similar in the long run. Nevertheless, the consequences of a different policy for the economy can be devastating.
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