Whatever Source Derived

GILTI and California: Show Me the Money Edition

Back of the envelope calculations indicate significant…

Elon Musk and California’s Income Tax

The tax lesson illustrated by the Elon Musk saga is not what you might think.

By David Gamage and Darien Shanske

Elon Musk has left California, or so he says.[1] And so cue the gnashing of teeth about…

Should States Have to Make a “Co-Pay” on Federal Relief?

Most of us these days are worried about the pandemic. If that weren’t enough fun, there’s also economic collapse, especially when — and the tip of the canoe is already edging out over the waterfall — states reach an imminent fiscal…

Universities (and other big employers) are Cutting Retirement Benefits. Tax Lawyers are Having Fits. What’s Going On?

This week brought a new round of announcements from universities, even very wealthy ones, that they would be cutting faculty and…

States Should Borrow Rather than Make Brutal Cuts During a Recession and Pandemic

By Darien Shanske and David Gamage

In a world in which the level of government best suited to act (the federal government) is dysfunctional, subnational governments need to take extraordinary measures. Lest anything…

Conformity and State Income Taxes: Suggestions for a Post-COVID Era

By Michael A. Livingston

(Posted by David Gamage on behalf of Michael A. Livingston)

Reforming State Corporate Income Taxes Can Yield the States Billions

If Not Now, When: Why Won’t Universities Spend Their Money?

These are tough times for higher education. Even name-brand institutions are announcing hiring freezes and salary cuts, among other austerity policies. This is perfectly understandable if your institution is a community…

State Governments Should Now Consider Partial Wealth Tax Reforms

By David Gamage and Darien Shanske

The COVID-19 pandemic is precipitating severe fiscal crises for state and local governments. This is occurring as businesses throughout the country have shut…