Behind Tax Policy Controversies: Social, Legal and Economic Foundations

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Description

Emphasises the many diverse underlying factors that drive tax policy debates and sheds light on traditional and newly emerging issues of tax policy.

This book is designed to be a short, critical introduction to the controversies in tax policy. The main thesis of the book is that there is a deeper substructure to debates about tax policy that underlie many of the controversies. By understanding the nature of this substructure one can place the debates about tax policy into a broader perspective. The book elucidates this underlying architecture, drawing on ideas from economics, law, philosophy, psychology, and political science. It uses these tools to shed light on conventional debates on tax policy, such as whether to tax all sources of income or instead just tax consumption. It also touches on current and emerging debates. These include the appropriate goals for tax reform, the most judicious way to tax multinational corporations, our ability to tax the very wealthy, and whether the tax system has a racial subtext.

Reviews

A clear, up-to-date and even-handed guide to the leading controversies of tax policy that draws on economics, law, philosophy, psychology and political science. Sheffrins book is a great place to start to make sense of policy debates in which participants usually talk past each other Joel Slemrod is the David Bradford Distinguished University Professor of Economics at the University of Michigan and the Paul W. McCracken Collegiate Professor of Business Economics and Public Policy at the University of Michigan Ross School of Business.

No one understands better than Steven Sheffrin that taxation, despite its reputation as a dry, technical subject, is a reflection of societys core values. In this book, Sheffrin shows how lurking behind all tax controversies are big, important questions at the heart of the social contract What do we owe each other How much are we entitled to keep for ourselves Like a fiscal archaeologist, Sheffrin digs beneath the surface of key tax debates and gives us new insights about society and ourselves Kirk J. Stark, Barrall Family Professor of Tax Law & Policy, UCLA School of Law.

If tax debates often seem familiar, thats because they are: Americans have been rehashing the same arguments for decades. But as Steven Sheffrin lucidly explains, the fights arent simply about who picks up the tab for big government. Theyre also an expression of complex social, institutional and even psychological factors. Sheffrin illuminates all of them with his compelling, multidisciplinary analysis Joseph J. Thorndike, Director, Tax History Project at Tax Analysts.

An accessible, intelligent guide to many pressing questions in tax policy, this book will help every reader see more clearly what is at stake and why decisions on taxation provide a window into societys most fundamental values Professor Matthew Weinzierl, Harvard Business School.

This book offers a unique and lively perspective on tax policy by an eminent academic with a deep understanding of its economic, legal, political and psychological foundations. Steven Sheffrin performs a great service by explaining and examining the competing interests and considerations behind our tax policy controversies. Joan Youngman, Senior Fellow at the Lincoln Institute of Land Policy in Cambridge, Massachusetts.

Author Bio

Steven M. Sheffrin is a professor of economics and affiliated professor of law at Tulane University.