UHLC Nota Bene

The O'Quinn Law Library collection now includes Taxation, Virtual Currency and Blockchain by Aleksandra Bal. Taxation, Virtual Currency and Blockchain is primarily a policy anaysis of the tax treatment of virtual currency transactions, but it also goes into some depth reviewing judicial decisions related to this topic.  Researchers looking for a bibliography of relevant cases and government papers might be interested in this book's review of the major publications addressing American and European law.  While primarity written for practitioners already familiar with the basic concepts, each chapter includes an introduction to the concepts that would make this book valuable to law students as well (even concepts like "income tax," not just concepts involving new technology). Taxation, Virtual Currency and Blockchain is is currently available on the New Books shelf at the far end of the law library reference desk.  This book's call number is K 4487.E43B35 2019...

Bloomberg BNA has just published the 2016 edition of the U.S. International Tax Guide ( KF1276.A2H47 ), which is now available in the law library . This handbook is an excellent source for U.S. tax attorneys involved in international tax. It provides an overview of topics related to general principles of international taxation, taxation of foreign persons' U.S. activities and U.S. persons' foreign activities. Matters pertaining to U.S. income tax treaties, and withholding and compliance are also discussed. There are numerous examples available throughout this book that will illustrate international tax concepts. There are also annotations to relevant primary sources of tax law including the Internal Revenue Code, Treasury Regulations, tax cases, administrative pronouncements, and the Internal Revenue Manual. This source is also available electronically on BloombergLaw.com .

Following concerns about tax avoidance raised by last month's leaking of the Panama Papers , the United States Department of the Treasury has announced several new regulations aimed at stopping money laundering and tax evasion. The new rules will require financial institutions to identify the owners of companies opening accounts and doing business with them, and to report their identities to the federal government.  Any owner of 25% or more of a company will be considered an owner under these rules.  Financial institutions will have two years to implement this rule by identifying the relevant owners. The Treasury Department is also considering a rule that would require limited liability companies incorporated in the US but owned by foreign entities to identify their foreign owners.

Wolters Kluwer has recently published, Practical Guide to U.S. Taxation of International Transactions , 10th ed. ( KF6445.M45 2015 ), by Robert J. Misey, Jr. and Michael S. Schadewald . This book begins with a discussion of the basic principles such as tax jurisdiction and source of income rules. The authors review the taxation of foreign income by U.S. citizens and the taxation of foreign persons conducting business in the United States. Other issues such as international tax practice and procedure, and tax treaties are also covered. This book, which is now available on the law library's new titles shelf, contains several relevant IRS forms and a subject index.

Edward Elgar (EE) has recently published the new two volume set, International Tax Law ( K4460.I59 2016 ) and is now available in the law library . Edited by Professor Reuven S. Avi-Yonah , this source contains articles from renowned scholars dealing with international taxation issues from a global standpoint and U.S international taxation. The twenty seven articles in this source discuss matters such as the structure of international taxation, international taxation of electronic commerce, foreign tax credits, issues related to the OECD , international tax arbitrage, and the issue of fairness as it relates to international taxation. This is perfect for the scholar or student interested in international taxation.

Reuven S. Avi-Yonah , the Irwin I. Cohn Professor of Law at the University of Michigan Law School has authored, Advanced Introduction to International Tax Law , which provides a summary of international tax law from a global perspective. The book is essentially divided into two parts: an overview of the international tax regime; selected contemporary issues. The first part, begins with a brief introduction and then discusses both territorial and source jurisdiction. Territorial jurisdiction allows a nation to tax an individual or company within its borders and source jurisdiction allows a nation to tax citizens regardless of residence. Inbound taxation (taxation of non-residents on income taxable from sources within that country) and Outbound (taxation of a countries citizens' income from sources outside that country's jurisdiction) is explored in detail for both passive and active income. Tax treaties, source rules, and transfer pricing are also explained. The second part, c...