Tax Policy Overview
LL.M Seminar 441 (cross-listed)
| 2 credit hours
This course will equip students with the tools they need to think about fundamental tax policy issues. It will illustrate those issues by reference to tax policy questions that the U.S. Congress, Treasury Department, and Internal Revenue Service have recently considered.
The course focuses primarily on Federal corporate and individual income taxes. However, other Federal taxes, including employment taxes and estate and gift taxes, will also be considered. In addition, state and international tax practices will be discussed when relevant.
Major topics include the fiscal and social purposes of taxation, the choice of tax base (including alternatives to the use of income as the tax base), the identity of the taxpayer, timing issues (including realization issues and deferral), territorial versus worldwide taxation (including source rules and cross-border transactions), and administrative issues (including the legislative process, tax enforcement, and tax ethics).
Students are required to complete a brief assignment before and after each class. These assignments can be obtained from the Assignment Drop Box tab on the class Courseware site.
LawG 441-11 is a two-credit course which requires submission of a 15-page research paper. LawG 441-12 is a three-credit course which requires submission of a 25-page research paper.
This course is listed in both the J.D. and Graduate schedules, and is open to students in both programs.
In general, students may not register for this course unless they have completed Taxation I or its equivalent. However, this requirement may be waived in appropriate cases if a student obtains written permission from the course professor and provides it to the Office of the Registrar at the time of registration. LL.M. students are presumed to have taken the prerequisite of Taxation I prior to entering their program of study.
Students may not register for this course if they have previously completed another tax-policy-related course or seminar at the Law Center.
Prerequisite: Taxation I.
Students may not receive credit for both this seminar and the J.D. Seminar, Current Issues in Tax Law and Policy Seminar, or the J.D. Seminar, Tax Policy Seminar.
LL.M. students are presumed to have taken the prerequisite of Taxation I prior to entering their program of study. Interested J.D. students must have completed Taxation I prior to this course.
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