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38 Vand. L. Rev. 1397 (1985)
Tax Expenditures and Tax Reform

handle is hein.journals/vanlr38 and id is 1411 raw text is: REVIEW ESSAY Tax Expenditures and Tax Reform TAX EXPENDITURES. By Stanley S. Surrey and Paul R. McDaniel. Cambridge, Mass.: Harvard University Press, 1985. Pp. 303. Reviewed by Allaire Urban Karzon* I. INTRODUCTION .................................... 1397 II. ORIGINAL TAX EXPENDITURE CONCEPT ............. 1397 III. ECONOMIC BACKGROUND FOR DEVELOPMENT OF TAX EXPENDITURE CONCEPT ............................ 1401 A. Establishing the Norm to Measure Deviations 1401 B. Explaining Code Complexity Through Tax Expenditures .............................. 1402 IV. INFLUENCE OF TAX EXPENDITURE ANALYSIS IN CUR- RENT TAX REFORM PROPOSALS ..................... 1403 V. SIGNIFICANCE OF OMISSIONS FROM TAX EXPENDITURE LIST .............................................. 1406 A. Tax-Free Receipt of Damages for Nonphysical Personal Injuries .......................... 1407 B. United States Taxation of Foreigners ....... 1408 C. Tax-Free Receipt of United States Portfolio Interest by Foreigners ..................... 1411 VI. CONCLUSION: ELIMINATION OF PEJORATIVE CONNOTA- TION FOR TAX EXPENDITURES ....................... 1413 1985 Vanderbilt Law Review. * Associate Professor of Law, Vanderbilt University School of Law. B.A. 1945, Welles- ley College; J.D. 1947, Yale Law School. 1397