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In efforts to repeal the tax, device makers have unleashed a torrent of lobbying dollars and stepped up political contributions to sympathetic lawmakers, including Democrats like Senator Amy Klobuchar of Minnesota.
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Then there's the suite of tax devices employed by Apple to avoid paying at least $15 billion in U.S. taxes on $44 billion in foreign income from 2009 to 2012, as laid out in a 2013 report by an investigative subcommittee headed by then-Sen.
Then take the case of the English parliament, originally conceived as a tax collecting device.
A separate tax on device sales would effectively result in "double taxation," he said.
She called the Bermuda tax avoidance device "a double slap in the face of the American taxpayer, adding, "First we lose tax revenue, and then we provide American companies with an unfair advantage over U.S. companies and American workers".
The party wants to end the coalition's "bedroom tax"—a device to push social tenants out of properties too large for their needs as Labour does, and increase defence spending, as most Tories do.
It took the Revenue until 2005 to demonstrate in court that these EBTs were merely illegitimate tax avoidance devices.
Third, the more flagrant tax avoidance devices, such as the super-rich lobby's non-domicile loophole, should be closed.
The only way the IRS can stop the spread of this tax-saving device, Grundeman says, is to persuade Congress to change the law.
Good news for upper-bracket investors: beginning in 2010, a magnificent tax-planning device known as the Roth conversion will be available to savers in all income groups.
Assuming the Senate follows suit, the attack on GRATs could be the first step toward whittling away at some really great tax saving devices–just as people need them most.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com