Today is the always-to-be-dreaded office golf day. My suggestion for an all-office chess tournament in its place went nowhere. I tee off with the first group, so this will be a quick roundup. At least it will be over early.
Tax Analysts has this item today ($link):
President Obama on July 25 signed a law renaming code section 219(c) as the Kay Bailey Hutchison Spousal IRA, the White House said in a statement.
It’s obnoxious how politicians think they’re so awesome that they should be naming things after one another. But if we are going to start naming popular tax provisions after politicians, why stop there? Maybe all tax laws should be named after the schmucks responsible for them. I have some ideas:
- The Barack Obama individual tax for not buying health insurance you don’t want.
- The Chuck Grassley Sec. 409A excise tax on deferred compensation foot-faults.
- The Nancy Pelosi PCORI fee
- The Max Baucus Net Investment Income Tax.
This could be fun. Feel free to name your own in the comments.
TaxProf, The IRS Scandal,Day 78
Jim Maule, The Tax Cost of Contract Procrastination
Tax Justice Blog, Nike’s Tax Haven Subsidiaries Are Named After Its Shoe Brands
Robert D. Flach has your Friday Buzz!
Christopher Bergin, Baucus and Camp: Tax Reformers or Dedicated Dreamers? (Tax Analysts Blog)
Peter Reilly, Why Tax Reform Is Impossible
News from the profession. Ernst & Young Trusts That Everyone Knows Those ‘Sexy Boys’ Aren’t Building a Better Working World (Going Concern)