Ineffective and Inequitable: The Section 265(a) Interest Disallowance
Georgia State University College of Law
C. James Judson
affiliation not provided to SSRN
Wake Forest Law Review, Vol. 25, p. 811, 1990
This article argues for the repeal of Code section 265(a) because it is ineffective, creates horizontal inequities, and represents overwhelming administrative enforcement difficulties. Consistent with the repeal of the section should be a repeal of Code section 103. The market for municipal banks will operate more efficiently without these Code sections.
Number of Pages in PDF File: 20
Keywords: tax, taxation, tax law, Internal Revenue Code, Section 265(a), Section 103, banking
JEL Classification: K22, K34Accepted Paper Series
Date posted: October 13, 2009
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