Bloomberg Tax
Feb. 4, 2019, 5:01 PM UTC

Bernie Sanders’ Plan May Spur Types of Tax Dodges It Aims To Stop

Allyson Versprille
Allyson Versprille
Reporter

Senator Bernie Sanders’ recent proposal to rein in estate tax avoidance could create a scenario that is more like the Greek myth of the Hydra: cut off one head and two grow back in its place.

“It’s hard to win at this game if you’re Congress,” said Beth Shapiro Kaufman of Caplin & Drysdale in Washington. Once lawmakers draft new rules, “They can be used in some cases to the government’s advantage and in other cases to the taxpayer’s advantage. It’s hard to write a rule that just says, ‘The taxpayer always loses’ because there aren’t such rules.”

The ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.