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Making Camp a Marking Man

January 11, 2021 by admin

May 15th, Tax Notes

Chair of the Ways and Means Committee Dave Camp repurposes mark to market for derivatives in a much-improved form in his second iteration of tax reform and Viva Hammer discusses the merits of the proposal Making Camp a Marking Man

The income tax has made a problem for itself. It wants you to measure your tax obligation every year at the gong of a bell that rings at the same time each year. But some things the tax law calls income don’t answer to the gong of a bell. They happen whenever, and the tax law must decide what to do with income that behaves in a whenever kind of way.

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Filed Under: News

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