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Martin Lobel
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Martin Lobel is a partner in Lobel, Novins & Lamont, a Washington, DC, law firm, and chairman of the board of Tax Analysts (www.tax.org), a source for journalists.

Entries by Martin Lobel

Unintended Consequences? Board of Directors Subject to Being Jailed for Corporate Criminal Actions?

(0) Comments | Posted July 1, 2014 | 2:41 PM

This week's decision by the Supreme Court in the Hobby Lobby Stores case and its earlier decision in Citizens United that corporations have certain personal rights raises issues of what criminal penalties can be imposed. This is particularly important now that the Justice Department is imposing criminal penalties on corporations...

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Why We Are Losing the Tax Reform Debate

(3) Comments | Posted April 1, 2014 | 1:45 PM

The tax reform debate is being lost because of the way it is being defined in the media, and by the politicians beholden to their wealthy contributors. Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of...

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Increase Taxes or Cut Tax Subsidies for the Rich?

(30) Comments | Posted March 14, 2014 | 3:09 PM

How you ask a question often decides a discussion. If you ask persons on the street whether they would prefer to increase taxes on the rich or cut tax subsidies for the rich, the chances are that you will get far different answers even though the economic effect is the...

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Should We Subsidize Multinationals or Repair Our Infrastructure?

(2) Comments | Posted January 28, 2014 | 9:49 AM

Are we better off increasing subsidies to "American" multinational corporations so they can "compete" more effectively against "foreign" multinational corporations even though that would increase their incentives to export jobs and profits, or are we better off cutting those tax subsidies and using that money to repair our infrastructure, create...

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We Cannot Solve Income Inequality Without Tax Reform

(1) Comments | Posted June 24, 2013 | 5:43 PM

Everyone admits that our current tax system is broken and many "reform" proposals are being considered. But, our current tax code is too fragile to support most of the current "reform" proposals that powerful interests want to layer on it. Instead, we need to strengthen and simplify the tax code...

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G-20 Proposal to End Tax Evasion Won't Work

(1) Comments | Posted May 2, 2013 | 10:40 AM

The G-20 just proposed that countries automatically exchange tax-relevant bank data to help stop international tax evasion. International tax evasion is a serious problem. But the proposal, strongly supported by Treasury, will not work to prevent the biggest source of tax evasion -- multinational corporations use of transfer pricing to...

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Why Is Treasury Protecting Tax Havens for Multinationals?

(1) Comments | Posted April 22, 2013 | 5:56 PM

Everyone -- except Treasury, apparently -- agrees that our international tax system, which is based on transfer pricing, is broken. Because U.S. multinational companies are allowed to expense foreign costs as they are incurred and can wait to pay tax on foreign income until it is repatriated, they can avoid...

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Exempting Foreign Profits From Taxes Will Hurt US Economy

(0) Comments | Posted March 14, 2013 | 3:17 PM

At a time when everyone seems to agree we must do more to create jobs in the United States, multinational corporations are aggressively pursuing a stealthy campaign to eliminate taxes on their "foreign" profits. As President Obama reaches out to the business community for support of his legislative proposals, the...

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Newsflash: Tax Cuts Are Expenditures That Increase the Deficit

(24) Comments | Posted April 15, 2010 | 12:52 PM

Cross-posted from Nieman Watchdog

Tax cuts are expenditures which increase the deficit. That simple fact, which is taught in every econ 101 course, seems to have eluded many Republicans, Tea Party members and the news media.

Tax expenditures, aka tax subsidies, special interest provisions, exemptions, deductions, credits, deferral...

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