Apartheid and the South African Judiciary / Lawrence G
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BEYOND PUBLIC CHOICE and PUBLIC INTEREST: a STUDY of the LEGISLATIVE PROCESS AS ILLUSTRATED by TAX LEGISLATION in the 1980S
University of Pennsylvania Law Review FOUNDED 1852 Formerly American Law Register VOL. 139 NOVEMBER 1990 No. 1 ARTICLES BEYOND PUBLIC CHOICE AND PUBLIC INTEREST: A STUDY OF THE LEGISLATIVE PROCESS AS ILLUSTRATED BY TAX LEGISLATION IN THE 1980s DANIEL SHAVIRO" TABLE OF CONTENTS I. INTRODUCTION ................................. 3 II. HISTORICAL OVERVIEW OF CYCLICAL TAX LEGISLATION ... 11 A. Legislation From the Beginning of the Income Tax Through the 1970s: The Evolution of Tax Instrumentalism and Tax Reform ..................................... 11 t Assistant Professor, University of Chicago Law School. The author was a Legislation Attorney with theJoint Committee of Taxation during the enactment of the 1986 tax bill discussed in this Article. He is grateful to Walter Blum, Richard Posner, Cass Sunstein, and the participants in a Harvard Law School seminar on Current Research in Taxation, held in Chatham, Massachusetts on August 23-26, 1990, for helpful comments on earlier drafts, to Joanne Fay and Michael Bonarti for research assistance, and to the WalterJ. Blum Faculty Research Fund and the Kirkland & Ellis Faculty Fund for financial support. 2 UNIVERSITY OF PENNSYLVANIA LAW REVIEW [Vol. 139: 1 B. The 1981 Act and Its Aftermath ................... 19 C. The 1986 Act ............................... 23 D. Aftermath of the 198.6 Act ......................... 29 E. Summary .................................. 30 III. THE PUBLIC INTEREST THEORY OF LEGISLATION ........ 31 A. The Various Strands of Public Interest Theory .......... 31 1. Public Interest Theory in Economics ............ 31 2. The Pluralist School in Political Science .......... 33 3. Ideological Views of the Public Interest .......... 35 B. Criticisms of PublicInterest Theory .................. 36 1. (Largely Theoretical) Criticisms by Economists ... 36 a. When Everyone "Wins," Everyone May Lose .. -
Corporate Tax Changes in the 1986 Tax Reform Act Richard E
College of William & Mary Law School William & Mary Law School Scholarship Repository William & Mary Annual Tax Conference Conferences, Events, and Lectures 1986 Corporate Tax Changes in the 1986 Tax Reform Act Richard E. May Repository Citation May, Richard E., "Corporate Tax Changes in the 1986 Tax Reform Act" (1986). William & Mary Annual Tax Conference. 558. https://scholarship.law.wm.edu/tax/558 Copyright c 1986 by the authors. This article is brought to you by the William & Mary Law School Scholarship Repository. https://scholarship.law.wm.edu/tax THIRTY-SECOND WILLIAM AND MARY TAX CONFERENCE CORPORATE TAX CHANGES IN THE 1986 TAX REFORM ACT by Richard E.. May Hunton & Williams December 5-6, 1986 Williamsburg The speaker wishes to acknowledge that portions of this outline were graciously made available by Messrs. Mark J. Silverman, William C. Bowers, and Robert H. Wellen, all colleagues in the Section of Taxation of the American Bar Association. CORPORATE TAX CHANGES IN 1986 TAX REFORM ACT I. Selected changes affecting taxation of corporations.* A. Corporate rate changes. The 1986 Act makes changes to the corporate rates for both ordinary income and capital gains. Each is described below. 1. Rates for ordinary income. (1986 Act, § 601). The 1986 Act sets the maximum corporate rate on ordinary income at 34 percent for taxable income in excess of 75,000. Lower rates apply to taxable income below that amount as follows: Taxable Income Tax Rate $50,000 or less 15% $50,001 - $75,000 25% $75,001 or more 34% There is a phase-out of the benefit of the two lower rates of tax. -
FW De Klerk Foundation Conference on Uniting Behind the Constitution
FW de Klerk Foundation Conference on Uniting Behind the Constitution 2nd February 2013 DR HOLGER DIX, RESIDENT Representative OF THE KONRAD Adenauer Foundation FOR SOUTH Africa, AND FORMER PRESIDENT FW DE KLERK. On Saturday, 2 February 2013, the FW de Klerk Foundation hosted a successful conference at the Protea Hotel President in Bantry Bay, Cape Town. Themed “Uniting Behind the Constitution” and held in conjunction with the Konrad Adenauer Foundation, the conference was well attended by members of the public and a large press contingent. The speakers included thought leaders from civil society, business, academia and politics. This publication is a compendium of speeches presented on the day (speeches were transcribed from recordings), each relating to an important facet of the South African Constitution. Each speech was followed by a lively panel discussion, and panelists included: Dr Lucky Mathebula (board member of the FW de Klerk Foundation), John Kane-Berman (CEO of the South African Institute for Race Relations), Adv Paul Hoffman (Director of the Southern African Institute for Accountability), Adv Johan Kruger (Director of the Centre for Constitutional Rights), Dr Theuns Eloff (Vice-Chancellor of North-West University), Adv Johan Kruger SC (Acting Judge and board member of the FW de Klerk Foundation), Michael Bagraim (President of the Cape Chamber of Commerce), Prince Mangosuthu Buthelezi (Leader of the IFP) and Paul Graham (Executive Director of the Institute for Democracy in South Africa). UpholdingCelebrating Diversity South -
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^m - fc V , m ■*. V C 0 JSITENTJ 5 Note: This booklet 1n It s present form 1s not complete but ha< hAnn SS*El?,e t0 y0U “ th,S P01"‘ 1" 1. Declaration of the United Democratic Front 2. UDF National Executive Coimrittee 3. UDF Regional Executive Committees 4. Statement of the UDF National General Council 5. Secretarial Report 6. Working Principles 7. Resolutions: Detentions and Treason Trial Banning of the UDF and A ffiliates in the Bantustans UDF International Relations Trade Unions- - — * — . Unemployment Forced Removals Rural Areas Militarisation (• Women ' Black Local Authorities Tricameral Parliament and Black Forum ) - Citizenship Imperialism Imperialism USA International Year of the Youth Education Namibia * New Zealand Rugby Tour 3 Declaration of the United Democratic Front We. the freedom loving people of South Africa, say with one voice to tbe whole worio that we • cherish the vision o f a united. demooaU . South A fno based on the wa of the people. • wa strive for the unity of a l people am «h united • the cpprKs^andesploitation °f w om en w a con- > onue. Women wil suffer greater rurdshcn under me acfonagamsttheevasof apartheid, econaac and al mw other forms of e«*xoOon ^ WomefV wtf be (Evicted from their ctwW* fen md fjmftes. P iw iy snd malnutrition wfli continue Ana. In our march to a free and Job South Africa, we are guided by these noble £ S J S t ^ ti & bnn'* *wh6fl**'■** Ideals *Sr Potion of a true deecracv In which a i South Africans W participate h a t govern- ment of our councrr. -
JAMES A. BAKER, III the Case for Pragmatic Idealism Is Based on an Optimis- Tic View of Man, Tempered by Our Knowledge of Human Imperfection
Extract from Raising the Bar: The Crucial Role of the Lawyer in Society, by Talmage Boston. © State Bar of Texas 2012. Available to order at texasbarbooks.net. TWO MOST IMPORTANT LAWYERS OF THE LAST FIFTY YEARS 67 concluded his Watergate memoirs, The Right and the Power, with these words that summarize his ultimate triumph in “raising the bar”: From Watergate we learned what generations before us have known: our Constitution works. And during the Watergate years it was interpreted again so as to reaffirm that no one—absolutely no one—is above the law.29 JAMES A. BAKER, III The case for pragmatic idealism is based on an optimis- tic view of man, tempered by our knowledge of human imperfection. It promises no easy answers or quick fixes. But I am convinced that it offers our surest guide and best hope for navigating our great country safely through this precarious period of opportunity and risk in world affairs.30 In their historic careers, Leon Jaworski and James A. Baker, III, ended up in the same place—the highest level of achievement in their respective fields as lawyers—though they didn’t start from the same place. Leonidas Jaworski entered the world in 1905 as the son of Joseph Jaworski, a German-speaking Polish immigrant, who went through Ellis Island two years before Leon’s birth and made a modest living as an evangelical pastor leading small churches in Central Texas towns. James A. Baker, III, entered the world in 1930 as the son, grand- son, and great-grandson of distinguished lawyers all named James A. -
THE TRUTH ABOUT TAX REFORM Michael J
University of Florida Law Review VOLUME 40 FALL 1988 NUMBER 4 DUNWODY DISTINGUISHED LECTURE IN LAW THE TRUTH ABOUT TAX REFORM Michael J. Graetz* I. INTRODUCTION .......•••••••••.••...•... 617 II. THE SORRY STATE OF PRIOR LAW. ••••••••..• 618 III. THE POLITICAL MIRACLE ••••••••••.......• 619 IV. THE CRITICAL IDEA ••••••••••...•....•.•• 622 V. AN UNEASY MARRIAGE •..••••••••••••••••• 623 VI. THE TwIN TOWERS: REVENUE NEUTRALITY AND DISTRIBUTIONAL NEUTRALITY ••••••••••••••• 623 VII. THE OVERALL EFFECTS OF THE 1986 ACT •..... 625 VIII. THE DEMISE OF FEDERAL TAX PROGRESSIVITY •• 626 IX. THE TENUOUS CAPITAL GAIN LINCHPIN •...••• 628 X. A GREAT LEAP FORWARD FOR TAX FAIRNESS? •. 629 XI. SIMPLIFICATION •••••••.•....•••••••••••• 633 XII. THE 1986 ACT AS A SOLUTION TO THE TAX COMPLIANCE PROBLEM AND OTHER IMPOSSIBLE DREAMS •••••••••••••••....•...••••••• • 635 XIII. CONCLUSION............................ 637 I. INTRODUCTION The Tax Reform Act of 1986 has been widely heralded as the most important tax legislation since the income tax was converted to a tax on the masses during the Second World War. Since his favorite pro posal for a constitutional amendment - the one calling for a balanced budget - was not adopted, the 1986 Tax Reform Act clearly will be *Justice S. Hotchkiss Professor of Law, Yale. B.B.A., 1966, Emory University; LL.B., 1969, University of Virginia. This article was delivered as the Dunwody Lecture at the University of Florida College of Law, on March 11, 1988. Certain portions of this article appeared as commentary by the author in TAX TIMEs. 617 HeinOnline -- 40 U. Fla. L. Rev. 617 1988 618 UNIVERSITY OF FLORIDA LAW REVIEW [Vol. 40 the major domestic achievement of Ronald Reagan's presidency. This law even produced the new Internal Revenue Code of 1986; no more Internal Revenue Code of 1954, as amended. -
Reactions of High-Income Taxpayers to Major Tax Legislation
National Tax Journal, December 2016, 69 (4), 935–964 https://doi.org/10.17310/ntj.2016.4.10 REACTIONS OF HIGH-INCOME TAXPAYERS TO MAJOR TAX LEGISLATION Gerald Auten, David Splinter, and Susan Nelson This paper examines how high-income taxpayers reacted to major tax legislation that affected incentives for realizations of capital gains, the form of compensation, type of investments, and the choice of organizational form for businesses. The Tax Reform Act of 1969, the Tax Reform Act of 1986, the Omnibus Budget Reconcili- ation Act of 1993, and the American Taxpayer Relief Act of 2012 are considered. The paper summarizes prior research and provides new evidence of short-term and longer-term responses of high-income taxpayers. The analysis uses individual and business tax return information to examine some of the most salient features of each of these laws. Examining the responses to prior reforms can inform discussion of the effects of future tax reform proposals. Keywords: tax reform, tax avoidance, income shifting JEL Codes: H24, H25, H26 I. INTRODUCTION ver the last 50 years, several landmark tax laws targeted high-income taxpayers in Oways that affected incentives for earning and realizing income. Some of these laws raised tax rates for high-income taxpayers while others reduced them. Some broadened the tax base by repealing tax expenditures or loopholes that fostered tax avoidance, while others narrowed it by creating new or more generous deductions and exclusions. Top tax rates on ordinary income changed significantly seven times over this 50-year period (Figure 1). Top tax rates on long-term capital gains changed even more often. -
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' AG17 ■ ■- A c- » ■ ■ . * / ! \ A ASO rv T Nelson RclihlahlaVMandela has been the source of inspiration to all the qpprr-ased people of la&i. He has shared with his countrymen the yoke of oppression and tirelessly fought for a truly non-racial, non-exploitative and democratic South Africa. He symbolises courageous men and women who have been incarcerated in prison by the racist South African regime because of their levs for freedom This year Mandela cele»fca^djj|fs 65th birth^ate^vis 19th year in imprisonment. The majority of the people in South Africa o b ^ c t to his continued incarceration because his ia?>risonment and that of his fellow prisoners have deprived South Africa of a vital leadership which is of crucial importance at this tine. Manctela is a nmn who has conmitted himself to the idea of a democratic and free -society in which all persons live together in harmony and equality. He and other political prisoners represent a substantial force for change in South Afric* Mandela together with Sisulu and Oliver Tambo, helped form the African National Congress Youth League (ANC YL), thus the foundation for the creation of a mass political organisation was built. The ANC Youth League was ore result of their tireless efforts and more in^Kjrtant it succeeded in injecting new vitality into the ANC. In 1949, Nelson Mandela was elected onto the National Executive of the ANC, and in 1950 Mandela became National President of ANC Youth League. Through him the ANC rejected the aging tactic of petitions and sending deputations to the governneet - instead Mandela instituted the move to organising united mass resist ance. -
Digitization, History, and the Making of a Postcolonial Archive of Southern African Liberation Struggles: the Aluka Project1
View metadata, citation and similar papers at core.ac.uk brought to you by CORE Isaacman, A., Lalu, P., & Nygren, T. (2005). Digitisation, history, and the making of a postcolonial archive of Southern African liberation struggles: The Aluka providedproject. by University of the Western Cape Research Repository AFRICA TODAY, 52 (2): 55-77 Digitization, History, and the Making of a Postcolonial Archive of Southern African Liberation Struggles: The Aluka Project1 Allen Isaacman, Premesh Lalu, and Thomas Nygren This paper describes the history of an initiative to digitize a postcolonial archive on the struggle for freedom in Southern Africa. The authors outline the intellectual architecture of the project and the complex epistemological, political, and technical challenges that they confronted in their endeavor to construct a digital archive that might help reorient scholarly debates on the struggle for liberation. Introduction The liberation of southern Africa was a major political event of the twentieth century. The demise of colonial rule, the end of white-settler domination, and the dismantling of the apartheid regime had far-reaching consequences, not only for the continent, but also for the global community. At a local level, majority rule created the possibility that millions of people would be free from racial oppression, economic exploitation, and political exclusion. For them, independence carried the hope of social justice and a better life for future generations. Nationally, it meant a radical restructuring of political power. It removed the state bureaucracies and police apparatus that had enforced white privilege and racial segregation. The process took more than thirty years. At a regional level, the revolutions in Angola and Mozambique, followed by those in Zimbabwe and Namibia, defeated Pretoria's military and political strategy of sustaining white regimes as a buffer against black Africa and isolating movements such as the African National Congress (ANC). -
Accounts Committee, 70. 186 Adams. Abigail, 56 Adams, Frank, 196
Index Accounts Committee, 70. 186 Appropriations. Committee on (House) Adams. Abigail, 56 appointment to the, 321 Adams, Frank, 196 chairman also on Rules, 2 I I,2 13 Adams, Henry, 4 I, 174 chairman on Democratic steering Adams, John, 41,47, 248 committee, 277, 359 Chairmen Stevens, Garfield, and Adams, John Quincy, 90, 95, 106, 110- Randall, 170, 185, 190, 210 111 created, 144, 167. 168, 169, 172. 177, Advertisements, fS3, I95 184, 220 Agriculture. See also Sugar. duties on estimates government expenditures, 170 Jeffersonians identified with, 3 1, 86 exclusive assignment to the, 2 16, 32 1 prices, 229. 232, 261, 266, 303 importance of the, 358 tariffs favoring, 232, 261 within the Joint Budget Committee, 274 Agriculture Department, 303 loses some jurisdiction, 2 10 Aid to Families with Dependent Children members on Budget, 353 (AFDC). 344-345 members on Joint Study Committee on Aldrich, Nelson W., 228, 232. 241, 245, Budget Control, 352 247 privileged in reporting bills, 185 Allen, Leo. 3 I3 staff of the. 322-323 Allison, William B., 24 I Appropriations, Committee on (Senate), 274, 352 Altmeyer, Arthur J., 291-292 American Medical Association (AMA), Archer, William, 378, 381 Army, Ci.S. Spe also War Department 310, 343, 345 appropriation bills amended, 136-137, American Newspaper Publishers 137, 139-140 Association, 256 appropriation increases, 127, 253 American Party, 134 Civil War appropriations, 160, 167 American Political Science Association, Continental Army supplies, I7 273 individual appropriation bills for the. American System, 108 102 Ames, Fisher, 35. 45 mobilization of the Union Army, 174 Anderson, H. W., 303 Arthur, Chester A,, 175, 206, 208 Assay omces, 105, 166 Andrew, John, 235 Astor, John Jacob, 120 Andrews, Mary. -
EFFECTS of the TAX CUTS and JOBS ACT: a PRELIMINARY ANALYSIS William G
EFFECTS OF THE TAX CUTS AND JOBS ACT: A PRELIMINARY ANALYSIS William G. Gale, Hilary Gelfond, Aaron Krupkin, Mark J. Mazur, and Eric Toder June 13, 2018 ABSTRACT This paper examines the Tax Cuts and Jobs Act (TCJA) of 2017, the largest tax overhaul since 1986. The new tax law makes substantial changes to the rates and bases of both the individual and corporate income taxes, cutting the corporate income tax rate to 21 percent, redesigning international tax rules, and providing a deduction for pass-through income. TCJA will stimulate the economy in the near term. Most models indicate that the long-term impact on GDP will be small. The impact will be smaller on GNP than on GDP because the law will generate net capital inflows from abroad that have to be repaid in the future. The new law will reduce federal revenues by significant amounts, even after allowing for the modest impact on economic growth. It will make the distribution of after-tax income more unequal, raise federal debt, and impose burdens on future generations. When it is ultimately financed with spending cuts or other tax increases, as it must be in the long run, TCJA will, under the most plausible scenarios, end up making most households worse off than if TCJA had not been enacted. The new law simplifies taxes in some ways but creates new complexity and compliance issues in others. It will raise health care premiums and reduce health insurance coverage and will have adverse effects on charitable contributions and some state and local governments. -
The Taxation of Dividends: Background and Overview
The Taxation of Dividends: Background and Overview (name redacted) Senior Specialist in Economic Policy (name redacted) Specialist in Public Finance March 10, 2014 Congressional Research Service 7-.... www.crs.gov R43418 The Taxation of Dividends: Background and Overview Summary The tax treatment of dividends has changed numerous times over the past century. Most recently, the American Taxpayer Relief Act (ATRA; P.L. 112-240) increased the tax rate on dividends, from 15% to 20%, for taxpayers in the top income tax bracket. The change was effective for 2013. Also effective in 2013 is the 3.8% tax on net investment income for taxpayers with modified adjusted gross income above certain thresholds ($200,000 for single, $250,000 for married filing jointly). Further increases in the tax rate on dividends may be considered as part of a base-broadening, rate-reducing tax reform. Rough estimates suggest that taxing dividends as ordinary income could raise enough in revenue to offset a 1.3% reduction in individual income tax rates, which would reduce the top marginal rate from 39.6% to roughly 39.1%. If the revenues were instead used to reduce corporate rates, the corporate tax rate could be reduced by roughly 4.6%, from 35% to roughly 33.2%. House Ways and Means Committee Chairman Dave Camp’s tax reform discussion draft, the Tax Reform Act of 2014, proposes that dividends be taxed as ordinary income, but provides an exclusion of 40% for dividend and capital gain income. Before 2003, dividends were taxed as ordinary income. The tax rate on dividends was reduced as part of the Jobs and Growth Tax Reconciliation Act of 2003 (JGTRRA; P.L.