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STOP THE HIATUS

April 21, 2005

One of the earliest tax blogs has emerged from hibernation. UCLA law prof Victor Fleisher has revived A Taxing Blog at a new address. He says he will be an "op-ed page" of the tax blogosphere, in contrast TaxProf Paul Caron's news and links approach.

An example is his discussion of the executive comp tax shelter made infamous by Sprint Communications, where executives transferred their stock options to family partnerships to avoid income and gift tax:

If you subscribe to the Bebchuk/Fried/Walker managerial power theory of CEO pay, as I do, then the only real constraint on executive pay is outrage. If shareholders aren't outraged by $50 million pay packages, maybe they would be outraged if they knew that CEOs were receiving a large portion of this pay on a tax-deferred basis and costing the company the benefit of an earlier tax deduction.

Welcome back, Mr. Fleischer.

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