As explained in a companion piece, there is a curious anomaly in the law of punitive damages. Jurors assess punitive damages in an amount that they believe will best “punish” the defendant. But, in fact, business defendants are not always punished to the degree that the jury intends. This is because jurors do not take into account the fact that these businesses are allowed to deduct their punit...

The Bennett article takes us back to 1997 and reviews key legislators, regulations and judicial developments in Medicare, antitrust, tax and ERISA, all of which greatly impact the practice of health law.

While offering tax incentives to attract foreign direct investment has become a global phenomenon and part of economic globalization in the 1990s, it also is political and controversial. But the political determinants of tax incentive policies have rarely been analyzed. This article fills this gap by making two contributions. First, I offer a theory that explains how political regime type influ...

For altruistic parents desiring to bequeath their wealth to their children, estate taxes can be costly in utility terms. The most straightforward way to reduce the tax burden is through inter vivos transfers. Taking full advantage of potential tax-free giving often requires that parents differentiate between children in the amounts transferred. This unequal giving contrasts sharply with the pre...

Purpose – The purpose of this paper is to explore tax evasion and avoidance typologies with a view to understanding how they work and the implications for those who handle the wealth of others. Design/methodology/approach – American, Canadian and UK cases of tax avoidance and tax evasion are studied. Findings – Structuring transactions to avoid or minimize taxes is highly complex, and thus, fra...

We analyze the distribution of income and income tax of individuals in Japan for the fiscal year 1998. From the rank-size plots we find that the accumulated probability distribution of both data obey a power law with a Pareto exponent very close to −2. We also present an analysis of the distribution of the debts owed by bankrupt companies from 1997 to March, 2000, which is consistent with a pow...

* Adjunct lecturer in EU law, HEC Paris, Tax and Law Department. Postdoctoral researcher, Project CNRS (Le Centre national de la recherche scientifique/French National Fund of Scientific Research) ‘International Investment Law and Natural Resources’. I wish to thank all organisers and participants of the 13th Jean Monnet Seminar ‘EU Law and Risk Regulation’, 19-25 April 2015, Dubrovnik. Views a...

generally speaking, tax is deemed as a manifestation of the government's authority and plays a key role in procuring public revenues as the most critical factor. indeed, we might say that continuity of the governmental activities depend on receiving taxes. thus, taxes occupy a high rank of importance in most countries, especially iran and england. therefore, lots of powers and privileges h...