2010 Meeting of the Virginia Tax Study Group

Virginia Tax Study Group Meeting: Friday, March 26, 2010

Location: University of Virginia School of Law, Rm. WB 128

Time: 09:30 – 17:00, followed by cocktails and dinner

The next meeting of the Virginia Tax Study Group will take place at the University of Virginia School of Law on Friday, March 26, 2010, starting at 9:30 am and ending about 5:00 pm.  It will be followed by cocktails and dinner at the law school.

The meeting will be held in room WB 128 of the law school.  As in the past, you may park during the day without restriction in any of the law school lots (designated D-2) but please do not park in the spaces reserved for “visitors.”  The usual coffee and light refreshments will be available beginning about 8:30 am and during the morning recess.  Lunch will also be served in the law school building.

For those who wish hotel accommodations, we have reserved ten rooms in the Sponsors Executive Residence Center of the Darden School, which is across the street from the law school, for the nights of Thursday, March 25, and Friday, March 26.  If you would like accommodations for one or more of those nights, please call the Darden Gatehouse at 434-243-5000, identify yourself as a member or guest of the Virginia Tax Study Group, and give your credit card number.  The price of the rooms is $130 per night plus tax.

As you will see from the tentative schedule set forth below, the opening session for the program will be our usual “DC Panel” led by Mort Caplin, Rod DeArment, Cecily Rock, and Jon Talisman, who will advise on 2010 tax law developments.  The remaining sessions will all involve discussions of important, possible reforms of the tax system.  We have a highly distinguished group of experts, including representatives from each of the three branches of government, who will present and comment on these reforms.

As we have in past years, we will make available during the week of March 15 short papers of no more than 20 pages in length describing each of the proposals.  We will send you an email with the Website location containing the papers and password information for access, and will send a PDF of the papers upon request.  As usual, we have reserved a significant amount of time for audience involvement and hope that all of you will actively participate in the program throughout the day.

As a special treat, we plan to show at the very beginning of the program a short seven-minute video of President Kennedy’s historic 1961 visit to the IRS, the only President to do so.  We look forward to seeing all of you in March.

Tentative schedule

09:30 – 10:45:   DC Panel with Mort Caplin of Caplin & Drysdale, Rod DeArment of Covington & Burling, Cecily Rock of the Joint Committee on Taxation, and Jon Talisman of Capitol Tax Partners, will discuss what will happen in the tax world in 2010.

10:45 – 11:00:  break

11:00 – 12:15:  Jim Halpern, Judge, U.S. Tax Court, will present a paper that is tentatively entitled, “Tax Exceptionalism:  Is Tax Law Really Different from Other Areas of the Law?”  Jerry Libin, Sutherland, Asbill & Brennan, will present a paper on whether the tax system should have a GAAR.   Eric Solomon, Ernst & Young, will comment on both presentations.

12:30 – 13:45:  lunch.  Tom Barthold, Chief of Staff of the Joint Committee on Taxation, will address the group during the lunch.

14:00 – 15:30:  Rosanne Altshuler, Co-Director, Urban-Brookings Tax Policy Center, will present a paper entitled, “Capital Income Taxation and Progressivity in a Global Economy.”  Jane Gravelle, Congressional Research Service, will present a paper on reforms to increase the efficiency of the income tax system.  Steve Shay, Deputy Assistant Secretary (International Tax Affairs), Treasury Department, and Tom Barthold, Chief of Staff, Joint Committee on Taxation, will provide comment.

15:30 – 15:45:  break

15:45 – 17:00:  Nina Olson, National Taxpayer Advocate, will present a paper concerning the implementation of social programs through the tax system.  Kirk Stark, Professor of Law, UCLA Law School, will present a paper entitled, “The Federal Role in State Tax Reform.”  Larry Zelenak, Professor of Law, Duke Law School, will comment on both presentations.

17:15 – 20:00:  Cocktails and dinner at the law school.

We look forward to seeing all of you at the meeting.