Comment by Richard T. Page
This Comment evaluates four recent proposals to reform tax laws affecting the financial industry. After introducing the proposals, the author provides a theoretical framework for evaluating them and then relies on this framework to explore the benefits and drawbacks of each. Ultimately, the author rejects two proposals that call for imposing financial-transactions taxes and argues that lawmakers should instead focus on plans to either (1) permit cost-of-equity tax deductions or (2) tax the debt held by major financial institutions.
About the Author
Richard T. Page. LL.M. (tax) candidate 2011, Georgetown University Law Center; J.D./M.B.A. 2010, Tulane University; M.P.P. 2006, University of Chicago; B.A. 2004, Tulane University.
Citation
85 Tul. L. Rev. 191 (2010)