Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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CBPP: The Case Against Cutting State Personal Income Taxes
Center on Budget and Policy Priorities: Cutting State Personal Income Taxes Won’t Help Small Businesses Create Jobs and May Harm State Economies, by Michael Mazerov: There is almost nothing in economic theory or empirical research to support an assertion that cutting state personal income taxes will have a significant impact on the emergence, success, or…
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Faculty Development, Faculty Incentives, and Law School Innovation
Stephen Daniels (American Bar Foundation), William M. Sullivan (Denver) & Martin Katz (Dean, Denver), Analyzing Carnegie's Reach: The Contingent Nature of Innovation, 62 J. Legal Educ. ___ (2013): Our interest is curricular innovation, with a focus on the recommendations of the 2007 Carnegie report – Educating Lawyers. Recognizing that meaningful reform requires an institutional commitment,…
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NYU Tax Law Review Publishes New Issue
The Tax Law Review has published a new issue (Vol. 65, No. 4 (Summer 2012)), Tax Law and Healthcare Reform. 65 Tax L. Rev. 619-858 (2012): Deborah H. Schenk (NYU), Foreword, 65 Tax L. Rev. 619 (2012) Mark A. Peterson (UCLA), The Ideological and Partisan Polarization of Healthcare Reform and Tax Policy, 65 Tax L.…
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Rutgers Dean: Legal Profession Should Adopt Medical Residency Model
New York Times op-ed: To Practice Law, Apprentice First, by John J. Farmer, Jr. (Dean, Rutgers-Newark): The ABA, which sets the standards for accrediting law schools, met recently in Dallas at a time of existential crisis for legal education. The job market for law school graduates is collapsing; some schools have been misleading, or even…
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Zelenak: Custom and the Rule of Law in the Administration of the Income Tax
Lawrence Zelenak (Duke), Custom and the Rule of Law in the Administration of the Income Tax, 62 Duke L.J. 855 (2012): From the early years of the federal income tax to the present, the IRS has engaged in what might be termed “customary deviations” from the dictates of the Internal Revenue Code, always in a…
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Bloomberg: Reinsurance Tax Dodge Saves Hedge Fund Managers Billions
Bloomberg: Paulson Leads Funds to Bermuda Tax Dodge Aiding Billionaires: Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda. In April, the executives sent the money to a reinsurance company that they’d set up on the island 650…
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NY Times: From Stay-at-Home Moms to Back-to-Work Lawyers
New York Times: From Stay-at-Home Moms to Back-to-Work Lawyers: Since 2007, the Pace University School of Law in White Plains has been running a program aimed at helping lawyers who had left the field — typically stay-at-home mothers — re-enter the legal profession. Called New Directions, the course consists of 11 weeks of classroom refresher training…
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TIGTA: IRS Wastes Millions in Internet Access Fees for Employee Laptops and Blackberrys
The Treasury Inspector General for Tax Administration today released Inadequate Aircard and BlackBerry Assignment and Monitoring Processes Result in Millions of Dollars in Unnecessary Access Fees (2013-10-010): In Fiscal Year 2011, the IRS had approximately 35,000 active aircards and more than 4,400 BlackBerrys assigned to employees, providing them with mobile Internet and e-mail access. TIGTA found…
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2011 Tax Journal Rankings: NYU #1, Virginia #2, Tax Notes #3
Here are the Washington & Lee tax law review rankings, based on citations to articles published in 2004-2011: Impact Factor (citations/number of articles published) Citations in Law Reviews Citations in Cases (federal and state courts) Currency (how rapidly articles are cited) Combined (weighted combination of the above rankings) Here are the Top 25 tax journals…
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IBFD Meetings for Doctoral Tax Researchers and Early Career Tax Scholars
In 2013, for the 11th time, IBFD (International Bureau for Fiscal Documentation) will organize its Research Students Meeting for doctoral students. For the 2nd time, parallel meeting for Early Career Scholars will take place. The purpose of these meetings is to provide doctoral students and early career scholars (post-docs) with an opportunity to discuss their…
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Dodge: Disallowing Deductions Paid with Excluded Income
Joseph M. Dodge (Florida State), Disallowing Deductions Paid with Excluded Income: The idea advanced herein, as a thought experiment, is the possibility of expanding (by legislation) — or possibly interpreting (by Treasury regulation) — § 265(a)(1) to disallow deductions deemed to have paid out of tax-exempt (i.e., excluded) income. Although § 265(a)(1) already disallows deductions…
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Gilbert Posts Tax Papers on SSRN
Scott D. Gilbert (Southern Illinois University, Department of Economics) has posted two tax papers on SSRN: Taxes and the Present Value Assessment of Economic Losses in Personal Injury Litigation A Theory of Tax Effects on Economic Damages
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Shaviro Presents Should Social Security and Medicare be More Market Based? Today at Tulane
Daniel N. Shaviro (NYU) presents Should Social Security and Medicare be More Market Based? at Tulane today as part of its Faculty Workshop Series. Shu-Yi Oei is the discussant. Contemporary political debate about Social Security and Medicare often conflates the issue of the programs’ long-term fiscal sustainability with that of whether their design should be…
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Villanova Symposium: Taxation of Offshore Accounts, Executive Compensation
Norman J. Shachoy Symposium: U.S. Taxation of Offshore Activity and Regulation of Executive Compensation, 57 Vill. L. Rev. 421-673 (2012): Leslie Book (Villanova), Introduction: Offshore Accounts, Corporate Income Shifting, and Executive Compensation, 57 Vill. L. Rev. 421 (2012) Taxation of Offshore Accounts Michael C. Durst (Tax Analysts), Some Suggestions for Tax Reform, 57 Vill. L.…
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NY Times: Incomes Flat in Recovery, but Not for the 1%
New York Times: Incomes Flat in Recovery, but Not for the 1%: Incomes rose more than 11% for the top 1% of earners during the economic recovery, but not at all for everybody else, according to new data. The numbers, produced by Emmanuel Saez, an economist at the University of California, Berkeley, show overall income…
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Alford: Why Is Academic Legal Writing So Bad?
Roger Alford (Notre Dame), Why Is Academic Writing So Bad?: There is an interesting discussion by Stephen Walt over at Foreign Policy on why academic writing is so bad. It is a subject academics are reluctant to discuss, yet there is no doubt that much of what passes as legal scholarship is dull, disagreeable, undigestable.…
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Professor Allows Students to Cite CNN, But Not Fox News
Inside Higher Ed: A Professor vs. Fox News: Students in a political science class at West Liberty University were given an assignment recently to keep a "politics journal" in which they would record their reactions to various articles they had selected. The instructor at the West Virginia public institution included some possible news sources, such…
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WSJ: The New Capital-Gains Maze
Wall Street Journal Tax Report: The New Capital-Gains Maze, by Laura Saunders: Chances are your capital-gains taxes are going up this year—and if you aren't careful, you could end up paying more than necessary. … Under the old system, there were often only two rates: zero and 15%, depending on your income. Now, there are…
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Facebook to Get $429 Million Tax Refund Despite $1.1 Billion in U.S. Profits
Citizens for Tax Justice, Facebook's Multi-Billion Dollar Tax Break: Executive-Pay Tax Break Slashes Income Taxes on Facebook– and Other Fortune 500 Companies: Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits…
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Sullivan: Can States Swap Sales Taxes for Income Taxes?
Martin A. Sullivan (Tax Analysts), Can States Swap Sales Taxes for Income Taxes?, 138 Tax Notes 789 (Feb. 19, 2013): Among the 44 states with significant income tax revenue, only a few could repeal their income taxes, replace the lost revenue with sales taxes, and keep sales tax rates below 8% with their current sales…
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G-20 Vows Corporate Tax Crackdown
George Osborne (Chancellor of the Exchequer, UK), Pierre Moscovici (Minister of Finance, France) & Wolfgang Schäuble (Federal Minister of Finance, Germany), We Are Determined That Multinationals Will Not Avoid Tax: Germany, France and Britain want competitive corporate tax systems that attract global companies to our countries and help our economies to grow. They are a…
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TaxProf Blog Weekend Roundup
Saturday: CBO Rejects GOP Charge That It Slanted Report on Taxing U.S. Multinational Corporations Julie Sullivan, USD Provost and Former Tax Prof, Named President of University of St. Thomas National Jurist Backtracks on Use of RateMyProfessors.com in Law School Rankings 2013 State and Local Tax Rates Sunday: Should Law Reviews Take Race, Gender, and Sexual…
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Should Law Reviews Take Race, Gender, and Sexual Orientation of Authors Into Account When Selecting Articles?
Stephen Bainbridge (UCLA), Should Law Review Editors Take Race, Gender, Sexual Preferences, etc…. Into Account When Selecting Articles (Feb. 14, 2013) Josh Blackman (South Texas), Journals on Scholastica “Ask Authors To Submit Demographic Information” for “Diversity Initiatives” (Feb. 11, 2013) Josh Blackman (South Texas), Should Law Reviews Consider Race When Selecting Articles? (Feb. 13, 2013)…
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Top 5 Tax Paper Downloads
There is quite a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads on SSRN, with new papers debuting on the list at #4 and #5: 1. [347 Downloads] Important Developments in Federal Income Taxation, by Edward A. Morse (Creighton) 2. [321 Downloads] Why Tax Revenues Must Rise, by Edward D. Kleinbard (USC)…
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NY Times: The Myth of the Rich Who Flee From Taxes
New York Times: The Myth of the Rich Who Flee From Taxes, by James B. Stewart: It’s an article of faith among low-tax advocates that income tax increases aimed at the rich simply drive them away. As Stuart Varney put it on Fox News: “Look at what happened in Britain. They raised the top tax…