The debate on what to do about climate change reflects a disagreement between the positivists and the ethicists.

Attempts to tax carried interests as service income will have to be able to distinguish service income from other types of income, a taskthat has proven to be difficult and complex.

In his recent book 100 Million Unnecessary Returns: A Simple, Fair, and Competitive Tax Plan for the United States (Yale University Press, January 2008), Yale Law School professor Michael Graetz proposes a fundamental tax reform that would replace income taxes on low- and middle-income households with a value-added tax...

There are broad disagreements over climate change policies among public officials and academics. One key source of debate hinges on how best to account for the multigenerational distribution of costs and benefits associated with various policies. This is an important consideration because if governments cut emissions immediately, the beneficiaries will...

Earlier this year, an article by Victor Fleischer, a professor now at the University of Illinois College of Law, helped turn a technical aspect of partnership taxation into the most contentious tax policy issue of 2007. Members of Congress, the George W. Bush administration, the 2008 presidential candidates, academic commentators,...

Institutional Foundations of Public Finance is not only a fitting tribute to David Bradford, but it is also a book that should be of interest to economists studying any of the topics that it covers.

A provision to increase the tax on carried interest is currently under consideration in Congress, but the effects of such a change should be examined in closer detail before it goes into effect.