This article first will explain our system of "transaction taxation" and will further explore the problems caused by the transactional focus of our tax system. It then will consider the current judicial responses to these problems and examine their inadequacies. Finally, it will set forth and explore the alternative responses suggested above in more detail.
Joshua D. Rosenberg,
Tax Avoidance and Income Measurement,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol87/iss2/3