No Love For Retroactive Tax Legislation [Forbes]
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: Forbes
legislation document folder on the desk of the judge. Concepts of law, legal."nGettyAsk the business community whether state legislatures should have the power to enact retroactive tax legislation, and the answer will be a resounding “no.”Indeed, Richard Pomp, a law professor at the University of Connecticut School of Law, calls it a reprehensible practice, adding that it is “basic to the rule of law that legislation should operate prospectively.”Pomp says there are five policies behind the “visceral aversion scholars and courts have always felt towards retroactivity.” The first is one of fundamental fairness: “There is a special injury where the law that was in place in the past is retroactively altered. It amounts to nothing more than changing the rules in the middle of the game. Even children understand the unfairness of that,” he says.Second, “the function of the law is to provide a stable framework by which people can be fairly confident of the effects of their actions on their l
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Sec Filings
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- 3/26/24 - Form DEFA14A
- 3/25/24 - Form DEFA14A
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