Abstract

July 2, Thursday from 17:00-18:00 (BST) ONLINE (e-mail hmh46@cam.ac.uk or gevm2@cam.ac.uk for link assistance)

Presentation by Professor Henry Ordower on “Taxing Capital Appreciation for Fairer Taxation, Constitutions and a Comprehensive Tax Base”

The presentation will start with a brief exploration of the realization question in the pending constitutional challenge to the peculiar US transition tax (IRC 965) and then contextualize the historical issue of realization and income and the comprehensive tax base. I will consider some of the justifications for a realization requirement and preferential treatment of capital gain and contrast them with some economic drawbacks to a realization-based system. The presentation will move to mark to market (with its trade-offs to overcome objections), the gradual abandonment of realization in the US and conclude by considering distributional fairness under a realization-based

Henry Ordower is Professor of Law at the Center for International and Comparative Law at Saint Louis University. His recent research has focussed on issues of tax distribution and the growing disparity of wealth between individuals. In addition to his academic research and teaching, he runs a tax consulting practice and he provides expert testimony in complex tax litigation matters. An avid traveller and linguist, Professor Ordower has visited more than 100 countries.

LINK TO TALK : https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZTcxZjljMDctOWIwMi00YzEwLWIyM2ItZTk1MjI4NWEzZjA0%40thread.v2/0?context=%7b%22Tid%22%3a%2249a50445-bdfa-4b79-ade3-547b4f3986e9%22%2c%22Oid%22%3a%22cce22f0f-bf2a-4e51-beb7-cf129dbab444%22%7d