The Center for New Revenue aims to fund the work of government, and to promote our common endeavor. It is a North Carolina not-for-profit taxable corporation (as explained below), founded in 2011.
The Center looks at sources for new and more sensible revenue. For now, the main outlet for this work is http://newrevenue.org. Conferences are a possibility for the future. The Center is focusing on three main areas.
1. Revenue from marijuana. This subject has been kept in the closet, as the folks thinking about it the most are taxpayers — ganjapreneurs, cannabisnessmen — folks who seek to profit from legal marijuana sales. Naturally enough. Current topics of interest include (1) a potency base for marijuana taxation, (2) the monopoly alternative to the taxation for marijuana, and (3) the denial of the advertising deduction under Internal Revenue Code section 280E and its state analogues.
2. International taxation. This focus may be quixotic, because big capital has the votes. An ongoing cause is opposition to a Tax Repatriation Holiday for income of U.S. multinationals artificially shifted offshore and trapped there.
3. Taxation of carbon and pollutants. A jet fuel tax is at the top of the list here, since it’s hardly regressive.
The Center’s founder, Pat Oglesby, worked for the Joint Congressional Committee on Taxation from 1982 to 1988, first as a Legislation Attorney and then as the Foreign Tax Counsel; he then, thanks to Senator Lloyd Bentsen, held the position of Chief Tax Counsel of the Committee on Finance of the United States Senate for two years. More at http://newrevenue.org/pat-oglesby-cv-2/ or here.
The Center’s informal Board of Advisors consists of old friends of the founder: LaBrenda Garrett-Nelson, of Washington, D.C., and Laurens, South Carolina; Joseph Murphy, of Boone, North Carolina; Mary Norris Oglesby, of Chapel Hill, North Carolina; Robert Schofield, of Georgetown, South Carolina; and Albert Varner, M.D., of San Rafael, CA. Advisors do not necessarily agree with (or even keep up with) views expressed on this blog, or by the Center or the founder in any manner.
The Center is a nonprofit corporation under North Carolina law, but seeks no donations, so there is no plan to seek qualification as a tax-exempt entity under section 501(c) of the Code.
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