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Advanced Introduction to U.S. Corporate Tax Law
This insightful book provides a nuanced guide to the intricacies of US corporate tax law. Jeffrey L. Kwall sheds light on the double taxation process, highlighting critical issues surrounding the system that requires both corporations and shareholders to pay tax on the same income.
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Critical Acclaim
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Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.
This insightful book provides a nuanced guide to the intricacies of US corporate tax law. Jeffrey L. Kwall sheds light on the double taxation process, highlighting critical issues surrounding the system that requires both corporations and shareholders to pay tax on the same income.
Chapters explain key topics including the taxation of contributions of property to a corporation, distributions (dividends and stock buybacks) by a corporation, and corporate asset sales and stock sales. Kwall also addresses noncorporate enterprises subject to corporate tax, as well as the circumstances under which corporations are not taxed.
Key Features:
● Analyzes key tax issues across all stages of the life cycle of a corporation
● Includes a detailed discussion of the tax aspects related to mergers and acquisitions
● Examines the tax treatment of corporations not subject to corporate tax, known as S Corporations
The Advanced Introduction to U.S. Corporate Tax Law is an essential resource for students and scholars in corporate law and governance, tax law and fiscal policy, and commercial law. It is also beneficial to researchers and practitioners seeking to understand corporate tax law and its wider applications.
This insightful book provides a nuanced guide to the intricacies of US corporate tax law. Jeffrey L. Kwall sheds light on the double taxation process, highlighting critical issues surrounding the system that requires both corporations and shareholders to pay tax on the same income.
Chapters explain key topics including the taxation of contributions of property to a corporation, distributions (dividends and stock buybacks) by a corporation, and corporate asset sales and stock sales. Kwall also addresses noncorporate enterprises subject to corporate tax, as well as the circumstances under which corporations are not taxed.
Key Features:
● Analyzes key tax issues across all stages of the life cycle of a corporation
● Includes a detailed discussion of the tax aspects related to mergers and acquisitions
● Examines the tax treatment of corporations not subject to corporate tax, known as S Corporations
The Advanced Introduction to U.S. Corporate Tax Law is an essential resource for students and scholars in corporate law and governance, tax law and fiscal policy, and commercial law. It is also beneficial to researchers and practitioners seeking to understand corporate tax law and its wider applications.
Critical Acclaim
‘For professors and students alike, Professor Jeff Kwall has provided a Rosetta Stone for understanding U.S. corporate tax law. This new text provides an articulate, cogent and comprehensive introduction to the study of U.S. corporate tax law. No tax student’s bookshelf will be complete without it.’
– Christian A. Johnson, Widener University, USA
‘For the uninitiated seeking an introduction to the extremely complex world of the United States tax treatment of corporations and their shareholders, I highly recommend Professor Kwall’s Advanced Introduction to U.S. Corporate Tax Law. His goal is to introduce “readers to the intricacies of the corporate tax law of the United States.” Therein, in a concise fashion, he addresses the major issues of corporate taxation in a well-organized, understandable fashion in ten chapters. Each begins with an introduction of the concept, followed by a discussion of the topic rich with practical examples that illustrate the application of the tax law to real world situations, and concludes with an effective summary. Professor Kwall has more than exceeded his goal.’
– Philip F. Postlewaite, Northwestern University, USA
– Christian A. Johnson, Widener University, USA
‘For the uninitiated seeking an introduction to the extremely complex world of the United States tax treatment of corporations and their shareholders, I highly recommend Professor Kwall’s Advanced Introduction to U.S. Corporate Tax Law. His goal is to introduce “readers to the intricacies of the corporate tax law of the United States.” Therein, in a concise fashion, he addresses the major issues of corporate taxation in a well-organized, understandable fashion in ten chapters. Each begins with an introduction of the concept, followed by a discussion of the topic rich with practical examples that illustrate the application of the tax law to real world situations, and concludes with an effective summary. Professor Kwall has more than exceeded his goal.’
– Philip F. Postlewaite, Northwestern University, USA
