The hottest Tax Substack posts right now

Judges should focus on providing practical solutions to concrete problems, rather than deeply philosophizing the law.
The case of Moore v. United States involves determining whether a tax is a property tax or an income tax, showcasing the complexity of tax law.
The Sixteenth Amendment allowed Congress to tax incomes without apportionment, highlighting the historical context and significance of constitutional amendments in shaping tax laws.

The Tesla board attempted to 'ratify' Musk's 2018 options package instead of granting a new one due to legal challenges and potential losses for the company.
Creating a new stock options grant for Musk would lead to massive expenses for Tesla and put the company in financial jeopardy.
Musk does not want a new package as the prospects for Tesla's stock price growth have diminished, making a new reward less appealing, and also resulting in potential tax issues for him.

The article provides a basic understanding of key decisions and material terms for forming and closing a venture capital fund.
Forming a traditional VC fund typically involves creating three entities: the General Partner (LLC), the Management Company, and the Venture Fund.
Compliance with key laws such as the Securities Act, Investment Company Act, and Advisers Act is crucial for post-closing obligations in venture fund formation.

Shifting to green energy entails new products, manufacturing processes, and economic shifts.
Industrial policy includes a range of government actions, such as subsidies, export support, and tariffs to promote specific industries.
A carbon tax could drive a transition to green energy by making fossil fuels cost-prohibitive and encouraging the development of alternative energy sources like hydrogen and solar power.

Legal battles in Michigan are fighting to make retroactive claims on tax auction profits, potentially leading to large claims against counties.
Challenges to the tax foreclosure system often overlook the high-interest rates on delinquent taxes as the true source of financial imbalance.
Former Wayne County Treasurer Ray Wojtowicz amassed a large war chest from tax profits, helping the county avoid bankruptcy.

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Detroit is considering implementing a Land Value Tax.
Economists and political enthusiasts support the Land Value Tax.
The concept of Land Value Tax can be complex and uninteresting to the general public.