|
There’s a lot of flexibility in what and how we report our income and assets to the IRS. As a result, compliance with the tax law depends on faith among taxpayers in the fundamental fairness of the system. The Trump administration’s proposal to dramatically lower the rates of so-called pass-through entities will likely prompt more creative accounting and outright tax evasion that could threaten that faith, with dire consequences, write Gil B. Manzon Jr. and Tim Gray of Boston College.
Hemorrhaging subscribers and locked into multi-billion dollar TV deals, ESPN laid off around 100 employees last week. According to the University of Michigan’s Amanda Lotz, the move could signal the unraveling of a business model that’s underpinned sports broadcasting for decades.
And for those who believe the problem of blasphemy is largely related to the Muslim world, Case Western’s scholar, Steve Pinkerton, adds a cautionary note, as he points to a “resurgence” of blasphemy laws in the “supposedly secular” West.
|
Trump’s tax plan may make it harder to win the ‘Fair Tax Game.’
Joshua Roberts/Reuters
Gil B. Manzon Jr., Boston College; Tim Gray, Boston College
The administration's plan to significantly cut the tax rate on so-called pass-through entities will likely lead to creative tax planning and outright evasion, damaging faith in the system.
|
|
|
|
|
|
|
|
|
From our International Editions
|
-
Aaron Eveleigh, UCL
But the most effective measures will be unpopular.
-
Erika Altmann, University of Tasmania; Zhixuan Yang
Chinese real estate investors might be more interested in investing in their homeland rather than Australia, given the changing market and regulations.
-
Joshua Schiffman, University of Utah; Lisa Abegglen, University of Utah
Elephants naturally avoid cancer after 55 million years of evolution. Scientists are studying if they can extract lessons that could help people.
-
Mark Smith, Grenoble École de Management (GEM); Genevieve Shanahan, Grenoble École de Management (GEM)
It is important to take serious the increasing risk of those who work but remain in poverty. When the population feels that it is losing even if it respects the rules of the game, populism increases.
|
|
