Abstract

https://ssrn.com/abstract=2742180
 


 



Codifying Castle Harbour


Karen C. Burke


University of Florida - Levin College of Law

Grayson M. P. McCouch


University of Florida - Levin College of Law

January 4, 2016

150 Tax Notes 109 (2016)
University of Florida Levin College of Law Research Paper No. 16-27

Abstract:     
In this article, Burke and McCouch discuss the 2015 statutory amendment, enacted as part of the last-minute budget deal, that revised and renumbered the family partnership provision of section 704(e)(1). They question whether the change will accomplish its stated purposes of clarifying existing law and raising $1.9 billion in revenue, and they conclude that the 2014 proposals by former House Ways and Means Committee Chair Dave Camp offer a politically expedient source of selective pay-fors for future government spending without actually raising taxes.

Number of Pages in PDF File: 5

Keywords: Castle Harbour, Bipartisan Budget Act of 2015, family partnerships, tax shelters


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Date posted: March 7, 2016 ; Last revised: September 8, 2016

Suggested Citation

Burke, Karen C. and McCouch, Grayson M. P., Codifying Castle Harbour (January 4, 2016). 150 Tax Notes 109 (2016); University of Florida Levin College of Law Research Paper No. 16-27. Available at SSRN: https://ssrn.com/abstract=2742180

Contact Information

Karen C. Burke (Contact Author)
University of Florida - Levin College of Law ( email )
P.O. Box 117625
Gainesville, FL 32611-7625
United States

Grayson M. P. McCouch
University of Florida - Levin College of Law ( email )
P.O. Box 117625
Gainesville, FL 32611-7625
United States

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