Tax clawbacks: doing it right

(Blog Post) ... a tax clawback does represent a kind of escalation. It sits awkwardly with norms and ideals that are less a matter of law than we think but that are nevertheless an important part of American political culture. In our better moments, we dislike "collective punishment" and try not to change the rules of the game out from under people midstream. On balance, I think the benefits of a well designed tax clawback could exceed its costs. But a poorly designed ... Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Mar 18, 2009 - 12:06 PM PDT
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Edited by: Kaizar Campwala - Mar 18, 2009 - 12:07 PM PDT

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Peter L. Combs
3.0
by Peter L. Combs - Mar. 18, 2009

An interesting look at some of the reactions to the Bailout Bonuses and the Clawback Concept. Loads of more hyperbole but little genuine legal content.

According to most scholars..a targeted Tax against eh AIG Bonus recipients will likely be viewed unconstitutional. Especially considering The Fed voted in favor of them at the last AIG board meeting...The Fed has a few seats as they are majority stock holders..These are legal contracts..like it or not..(I hate it)

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Dwight Rousu
3.3
by Dwight Rousu - Mar. 18, 2009

The article is lightly informative, but does not have complete clarity and direction.

Clawbacks should have been written into the legislation of the past and should be written into the legislation of the future. The bad policies of unconditional giveaways to the culpable corporations that was started under Bush involve much more money than the bonuses and should be the prime focus of clawbacks. The bonuses are a red herring. Bright red, but still herring.

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Naomi Isler
3.0
by Naomi Isler - Mar. 18, 2009

The idea of a clawback as a preventive/corrective/punitive measure sounds tempting. I just have the uneasy sense that once it went through a legislative process, and then an administrative process to write enforcing regulations, it would be just that - a tempting idea with no teeth.

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