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http://ssrn.com/abstract=1724530
 
 

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Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis


Richard T. Page


Georgetown University Law Center

December 12, 2010

Tulane Law Review, Vol. 85, No. 191, 2010

Abstract:     
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.

Number of Pages in PDF File: 24

Keywords: tax, law, regulation, reform, financial, bank, transactions, debt, DeFazio, Obama, crisis, responsibility, fee, leverage, TARP, G20, IMF, FSB

JEL Classification: E60, E61, E62, H20, H21, H23, H26, H25, K34, G32, G38, K22, L50, L51, M21

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Date posted: December 14, 2010  

Suggested Citation

Page, Richard T., Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis (December 12, 2010). Tulane Law Review, Vol. 85, No. 191, 2010. Available at SSRN: http://ssrn.com/abstract=1724530

Contact Information

Richard T. Page (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
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