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.
Responses are scholarly reactions to Articles appearing in the Tulane Law Review. The Review will only accept submissions of this type for Articles appearing within the last three volumes of the Review(or with an abstract appearing on this Web site). See information and guidelines.
- LL.M. (tax) candidate 2011, Georgetown University Law Center; J.D./M.B.A. 2010, Tulane University; M.P.P. 2006, University of Chicago; B.A. 2004, Tulane University.
- 85 Tul. L. Rev. 191 (2010)