Ineffective and Inequitable: The Section 265(a) Interest Disallowance
Wake Forest Law Review, Vol. 25, p. 811, 1990
20 Pages Posted: 13 Oct 2009
Date Written: 1990
Abstract
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.
Keywords: tax, taxation, tax law, Internal Revenue Code, Section 265(a), Section 103, banking
JEL Classification: K22, K34
Suggested Citation: Suggested Citation
Blasi, Ronald and Judson, C. James, Ineffective and Inequitable: The Section 265(a) Interest Disallowance (1990). Wake Forest Law Review, Vol. 25, p. 811, 1990
, Available at SSRN: https://ssrn.com/abstract=1487775
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