Home      Login

Abstract: 

Increasing the rate of the initial tax on self-dealing from 5% to 25% may seem like a simple change. In fact, however, it represents a fundamental departure from the basic theory of the self-dealing tax structure. According to the legislative history, the original intention was to impose a “relatively light” first-level tax on acts of self-dealing, with the subsequent second level tax “intended to be sufficiently heavy to compel voluntary compliance . . .” See S. Rep. No. 552, 91st Cong., 1st Sess. 28-34 (1969).

Keywords: 

Affiliations:  .