Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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Abrams Presents Exiting a Partnership and Making Gain Disappear Today at Northwestern
Howard E. Abrams (Emory), Now You See it, Now You Don't: Exiting a Partnership and Making Gain Disappear (2009) at Northwestern today as part of its Advanced Topics in Taxation Colloquium Series hosted by Herbet Beller, Thomas Brennan, David Cameron, Philip Postlewaite, and Robert Wootton: In this Article, three methods of exiting are partnership are…
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So God Made a Law Prof
Following up on Monday’s post, The Best Super Bowl Commercial: So God Made a Farmer: (Hat Tip: Kim Brooks.)
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More on the California Tax Exodus
Bloomberg, Mickelsonian Reality Has Top Earners Weighing Relocation Forbes, California's Reverse Gold Rush? Tax Exodus L.A. Times, Texas Gov. Rick Perry Launches Ads to Lure California bBusinesses National Review, California’s Tax Man Cometh New York Times, Two-Tax Rise Tests Wealthy in California (Hat Tip: Mike Talbert.) Prior TaxProf Blog posts: Golfer Phil Mickelson Plans 'Drastic…
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Top Marginal Tax Rate Now Exceeds 50% in California, New York, and Hawaii
Gerald T. Prante and Austin John (both of Lynchburg College, School of Business and Economics) have updated their paper, Top Marginal Effective Tax Rates by State and by Source of Income, 2012 Tax Law vs. 2013 Scheduled Tax Law, to reflect the passage of the American Taxpayer Relief Act of 2012: This paper compares state-by-state…
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USC 16th Amendment Anniversary Conference
The USC Gould School of Law two-day 16th Amendment Anniversary Conference kicks off today: Panel #1: Edward McCaffery (USC), The Original Sin of Income Taxation Commentator: Kirk Stark (UCLA) Deborah Schenk (NYU), 100 Years without an “Income” Tax Commentator: Jason Oh (UCLA) Panel #2: Rebecca Kysar (Brooklyn), The “Shell Bill” Game Commentator: Ellen Aprill (Loyola-L.A.) Dan…
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McCaffery: The Case for Repealing Stepped-Up Basis
Edward J. McCaffery (USC), A Progressive's Silver Lining Playbook: The Case for Repealing Stepped-Up Basis: In this brief commentary, to appear in a later version in Tax Notes, I argue that, now that we have no meaningful estate tax for the vast masses of even wealthy individuals and families, it is time to call for…
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Borden & Reiss: Dirt Lawyers, Dirty REMICs
Bradley T. Borden (Brooklyn) & David J. Reiss (Brooklyn), Dirt Lawyers, Dirty REMICs: It is appropriate that the day-to-day practice of real estate law did not touch on the intricacies of the securitization of mortgages, let alone the tax laws that apply to mortgage-backed securities. Securitization professionals did not, however, account for the day-to-day practices of…
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Pepperdine Launches Two-Year J.D.
Pepperdine University School of Law has launched a two-year J.D. program: Pepperdine University School of Law is excited to announce an accelerated, two-year Juris Doctor (JD) degree option that is paired with the opportunity to simultaneously earn a certificate from the number one ranked Straus Institute for Dispute Resolution. This distinctive and innovative approach blends…
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Galle Presents Does Federal Spending ‘Coerce’ States? Today at Toronto
Brian Galle (Boston College) presents Does Federal Spending “Coerce” States? Evidence from State Budgets at Toronto today as part of its James Hausman Tax Law and Policy Workshop Series hosted by Ben Alarie: According to a recent plurality of the U.S. Supreme Court, the danger that federal taxes will “crowd out” state revenues justifies aggressive…
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The Atlantic: How the Job Market for Law School Grads Could Come Back to Life
The Atlantic: How the Job Market for Law School Grads Crumbled (and How It Could Come Back to Life), by Jordan Weissmann: Last week, it was reported that law school applications were on pace to hit a 30-year low, a dramatic turn of events that could leave campuses with about 24 percent fewer students than in…
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97% of Chicago Tax Return Preparers Violate City Regulations
Chicago Sun-Times, City Cracks Down on Tax Preparers: Mayor Rahm Emanuel was forced soften his plan to protect consumers against financial scams to satisfy businesses concerned about being stripped of their licenses for mere technical violations. But the mayor is apparently not backing down from his crackdown against alleged fraud by those who help Chicagoans…
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Defending the Current Tax Treatment of Carried Interest
Carried interest is taxed at the capital gains rate because it is a profits interest on a long-term capital asset. This tax policy encourages the risk taking that is required to start and grow companies. Changing the taxation of carried interest would upend a long-standing, successful policy that has helped America prosper for more than…
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Tax Reform to Advance Energy Efficiency
American Council for an Energy-Efficient Economy, Tax Reforms to Advance Energy Efficiency: At the beginning of President Obama’s second term, tax reform has become a frequently-cited concern. Both Democrats and Republicans are supporting tax reform and actual work on legislation is likely to begin in 2013. Key elements of reform are likely to include simplifying…
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SSRN Tax Professor Download Rankings
SSRN has updated its monthly rankings of 750 American and international law school faculties and 3,000 law professors by (among other things) the number of paper downloads from the SSRN database. Here is the new list (through February 1, 2013) of the Top 25 U.S. Tax Professors in two of the SSRN categories: all-time downloads…
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Howse: The Brilliant Future of America’s Law Schools
Robert Howse (NYU), The Brilliant Future of America's Law Schools (PrawfsBlawg): The conventional wisdom — served up one suspects with more than a soupcon of Schadenfreude by certain journalists — is that America's law schools are a declining industry. Application for JD slots are down-we all know that. But even assuming that's a longer-term trend…
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Davis: How Tax Law Differentially Values Fertility, Sexuality & Marriage
Tessa Davis (Tulane), Reproducing Value: How Tax Law Differentially Values Fertility, Sexuality & Marriage, 19 Cardozo J.L. & Gender 1 (2012): Section 213 of the Internal Revenue Code permits a deduction for an individual’s fertility expenses, but it does not do so evenhandedly. This paper focuses on the current discriminatory effects of § 213 doctrine…
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Avi-Yonah: Should the U.S. Dictate World Tax Policy?
Reuven S. Avi-Yonah (Michigan), Should the U.S. Dictate World Tax Policy? Reflections on PPL Corporation v. Commissioner: The Supreme Court’s decision to grant certiorari in the PPL case offers it a unique opportunity to change the law regarding foreign tax credits that has significantly impeded the ability of other countries to engage in meaningful tax…
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DeBoer: Religious Hospitals and the Federal Community Benefit Standard
Michael J. DeBoer (Faulkner), Religious Hospitals and the Federal Community Benefit Standard — Counting Religious Purpose as a Tax-Exemption Factor for Hospitals, 42 Seton Hall L. Rev. 1549 (2012): This Article argues that this inattention to the religious identities and missions of religious hospitals should end, and it recommends that the religious purpose of religious…
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Brooks Presents Taxation, Risk, and Portfolio Choice Today at NYU
John Brooks (Georgetown) presents Taxation, Risk and Portfolio Choice: The Treatment of Returns to Risk Under a Normative Income Tax, 66 Tax L. Rev. ___ (2013), at NYU today as part of its Colloquium Series on Tax Policy and Public Finance convened by Daniel Shaviro (NYU) and William Gale (Tax Policy Center; visiting at NYU): Many articles…
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Blank Presents Collateral Compliance Today at UCLA
Joshua D. Blank (NYU) presents Collateral Compliance at UCLA today as part of its Tax Policy and Public Finance Colloquium hosted by Jason Oh and Kirk Stark: As most of us are aware, the failure to comply with the tax law can lead to civil and criminal tax penalties. But tax noncompliance has other consequences…
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U.S. PIRG: The State Revenue Cost of Offshore Tax Havens
U.S. PIRG, The Hidden Cost of Offshore Tax Havens: State Budgets Under Pressure from Tax Loophole Abuse: Tax havens are countries or jurisdictions with minimal or no taxes. Corporations and individuals shift earnings to financial institutions in these countries to reduce their U.S. income tax liability—costing the federal government $150 billion in lost revenues each…
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Taxpayer Sues IRS, Claims Agent Coerced Him Into Having Sex to Avoid Adverse Audit
Huffington Post: Vincent Burroughs Accuses IRS Agent Dora Abrahamson of Coercing Sex by Using Threat of Tax Penalty: An Oregon man has filed a lawsuit against an IRS agent with whom he had sex, claiming he was coerced into the relationship because the woman showed up at his door "provocatively attired" and threatened him with…
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Brauner & Stewart: Tax, Law and Development
Yariv Brauner (Florida) & Miranda Stewart (Melbourne), Introduction, in Tax, Law and Development (Edward Elgar Apr. 2013): This book is the first collection of independent legal scholarship exploring the relationship between tax, law and the quest for human development. While acknowledging fully the challenge of tax competition in a global economy, this book rejects calls…
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Villanova Seeks to Hire Graduate Tax Program Director
Leslie Book is stepping down from his administrative duties as Director of Villanova's Graduate Tax Program to return to his full-time faculty position, and Villanova is looking to hire his replacement: The Villanova University School of Law and the Villanova School of Business seek a distinguished tax practitioner to lead its esteemed Graduate Tax Program, to…
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