Number 4 - 2006 contains the following:
 

On 1 November 2005, the President's Advisory Panel on Federal Tax Reform issued its report, Simple, Fair, and Pro-Growth: Proposals to Fix America's Tax System. The centrepiece of the report consists of two proposals. This article describes and appraises these two proposals. Before doing so, the article gives an overview of the report, discusses the problems faced by the panel in defining revenue and distributional neutrality, and briefly considers three options the panel did not endorse.

Australia recently introduced a revolutionary new consolidation regime for taxing wholly-owned groups of resident entities. After explaining the legislative background and policy intent and briefly describing the new regime, the article discusses its core rules and examines some of the challenging issues that arise under the joint and several liability rule.

This article considers the rate-based taxes called subsidies levied in England in the fifteenth century. By way of background, the article gives an overview of the sources of the king's revenue, the role of direct taxes in the revenue mix, the taxation of the clergy, and the fifteenth and tenth as a quota-based tax. The article then examines each subsidy granted by Parliament in the fifteenth century.