03/02/20

From Global Regulation & Policy

US Tax Reform, Simplification, and FATCA: “The Force Is Strong, Young Skywalker.”

On the first day of Federal Income Taxation class, my law students read this phrase, written in large letters upon the whiteboard: “The Force is Complex, Opaque, Uncertain, and Changing”. I exclaim, “For the students in the room serious about becoming tax lawyers, repeat this phrase as a mantra before class. And then continue repeating it throughout your life each day before work.”