COVID-19 and US Tax Policy: What Needs to Change?

Avi-Yonah, Reuven S.

doi:10.2139/ssrn.3584330

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COVID-19 and US Tax Policy: What Needs to Change?

U of Michigan Public Law Research Paper No. 679

U of Michigan Law & Econ Research Paper No. 20-015

9 Pages Posted: 24 Apr 2020 Last revised: 26 Oct 2020

See all articles by Reuven S. Avi-Yonah

Reuven S. Avi-Yonah

University of Michigan Law School

Date Written: April 30, 2020

Abstract

The COVID-19 Pandemic already feels like a historical turning point akin to Word Wars I and II and the Great Depression. It may signal the end of the second period of globalization (1980-2020) and a change in the relative positions of the US and China. It could also lead in the US to significant changes in tax policy designed to bolster the social safety net which was revealed as very porous during the pandemic.

In what follows I will first discuss some short-term effects of the pandemic and then some potential longer-term effects on US tax policy.

Keywords: Covid-19, tax policy

JEL Classification: H26

Suggested Citation: Suggested Citation

Avi-Yonah, Reuven S., COVID-19 and US Tax Policy: What Needs to Change? (April 30, 2020). U of Michigan Public Law Research Paper No. 679, U of Michigan Law & Econ Research Paper No. 20-015, Available at SSRN: https://ssrn.com/abstract=3584330 or http://dx.doi.org/10.2139/ssrn.3584330