IN 1587 THE English jurist Sir Edward Coke popularised the legal principle that whoever owned a piece of land also owned the ...

One day a US presidential election will feature a serious debate about the serious fiscal challenge facing the American economy. But this election is not that election. In a middle-way estimate newly ...

U.S. philantropist and oil magnate John D. Rockefeller gives a dime to a child. After “robber barons” like Rockefeller amassed a staggering amount of wealth in the late 19th century, the progressive ...

IF YOU want to put a policymaker on the spot, ask them what the top rate of income tax should be. The question befuddles everyone. On May 8th President Donald Trump broke with decades of Republican ...

Virtually all economists, citing years of data and analysis, characterize tariffs as tax hikes rather than tax cuts, because much of the additional cost of the tariff is passed on to consumers through ...

The overriding fact about the American economy in the past four decades, and even more so in the past four years and the past four quarters, is the massive upward redistribution of wealth and income.

With multiple reports confirming speculation that Vice President Kamala Harris will back President Biden’s tax hike plan, reactions have started pouring in from prominent figures in political and ...

(Bloomberg Opinion) -- The US Supreme Court heard arguments on Tuesday over a dispute over a $14,279 tax bill — and the slightly more consequential question of what counts as income under the federal ...

Patel v. Commissioner, 165 T.C. No. 10 (Nov. 12, 2025), gave the US Tax Court its “first opportunity to examine when the codified economic substance doctrine applies.” Patel at *16. The Tax Court made ...

Last October, a District Court in Colorado turned the economic substance doctrine on its head. In Liberty Global, Inc. v. US, a District Court granted the Government’s motion for summary judgement and ...

The United Kingdom has big economic problems. Growth is largely stagnant, inefficient spending on bloated welfare programs is ...