Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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Law Grad Denied Ohio Bar Admission for Spending Extra 30-60 Seconds on 6 Essay Questions
In re Application of Parker, Slip Op. No. 2013-Ohio-190: Jasmine Shawn Parker of Covington, Kentucky, is a 2011 graduate of the Chase College of Law and has applied as a candidate for admission to the Ohio bar. … At the conclusion of the July 2011 bar exam, one of the applicants approached Lee Ann Ward,…
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Using the Estate Tax to Curb Inequality and Spur Economic Growth
Amy S. Elliott, Raising the Estate Tax Will Spur Economic Growth, Caron Argue, 138 Tax Notes 552 (Feb. 4, 2013): Paul L. Caron, Pepperdine University visiting law professor and author of the TaxProf blog, said he has a proposal that will please right-leaning deficit hawks and left-leaning redistributionists, all while spurring economic growth. He suggests…
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ABA Tax Section Publishes Winter 2013 Issue of News Quarterly
The ABA Tax Section has published 32 News Quarterly No. 2 (Winter 2013): Point & Counterpoint: Tax Incentives for Homeownership—A Lincoln–Douglas Debate Neil H. Buchanan (George Washington), The Tax System Should Be Neutral with Respect to Homeownership, pp. 1, 14-15 Dennis J. Ventry, Jr. (UC-Davis), Tax Neutrality for Housing: The MID and Section 121, pp.…
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Mulligan: ObamaCare and Retirement Savings
New York Times: The Health Care Law and Retirement Savings, by Casey B. Mulligan (University of Chicago, Department of Economics): Because of its definition of affordability, beginning next year the Affordable Care Act may affect retirement savings. Employer contributions to employee pension plans are exempt from payroll and personal income taxes at the time that…
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Bartlett: Can Publicity Curb Corporate Tax Avoidance?
Financial Times: Can Publicity Curb Corporate Tax Avoidance?, by Bruce Bartlett: The IRS and the OECD have struggled for some years to deal with the problem of income shifting and tax avoidance, to little avail. This makes the international tax regime a ripe target for reformers. Some type of one-off reform that lowers rates and…
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Bank: Kaka, Beckham, and Taxes
Steven Bank (UCLA), Kaka, Beckham, and Taxes: With the transfer window winding down, Kaka, a favored target of both the New York Red Bulls and the Los Angeles Galaxy in MLS, as well as AC Milan in Serie A, appears to be staying put. At the same time, David Beckham, formerly of the Galaxy, has…
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Raskolnikov Presents Are Graduated Tax Penalties Efficient? Today at Columbia
Alex Raskolnikov (Columbia) presents Are Graduated Tax Penalties Efficient? at Columbia today as part of its Faculty Workshop Series: This essay searches for an efficiency-based justification of graduated tax penalties and finds none. The optimal deterrence approach successfully used in many areas of economic regulation is unhelpful in designing the real-life tax rules and sanctions…
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McMahon Presents The Comings and Goings of Disregarded Entities Today at Northwestern
Martin J. McMahon, Jr. (Florida) presents Now You See It, Now You Don’t: The Comings and Goings of Disregarded Entities, 65 Tax Law. 259 (2012), 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: While state law recognizes…
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NY Times: Law Schools’ Applications Fall as Costs Rise and Jobs Are Cut
New York Times: Law Schools’ Applications Fall as Costs Rise and Jobs Are Cut: Law school applications are headed for a 30-year low, reflecting increased concern over soaring tuition, crushing student debt and diminishing prospects of lucrative employment upon graduation. As of this month, there were 30,000 applicants to law schools for the fall,…
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WSJ: U.S. Ramps Up Offshore Tax Evasion Prosecutions, Nails 79 Year Old Widow
Wall Street Journal: U.S. Is Preparing More Tax-Evasion Cases, by Laura Saunders: The U.S. is expanding its crackdown of offshore tax evasion, preparing numerous criminal cases against suspected offenders, defense lawyers involved in the cases say. Four years after an agreement between the U.S. and Switzerland pierced a veil of banking secrecy by requiring Swiss…
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Rosenthal: Taxing Private Equity Funds as Corporate ‘Developers’
Steve Rosenthal (Tax Policy Center), Taxing Private Equity Funds as Corporate 'Developers', 138 Tax Notes 361 (Jan. 21, 2013): Private equity funds manage vast amounts of money: $2.5 trillion in 2010, much more than the $100 billion in 1994. They earn immense profits, largely from selling the stock of acquired and improved companies. This article…
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University of Saskatchewan Seeks to Fill a Tax Prof Chair
The University of Saskatchewan College of Law invites applications for the Estey Chair in Business Law: The Estey Chair in Business Law, established through the generosity of the Estey Family as well as through the support of alumni and friends of the College of Law, University of Saskatchewan, was created to honor the late Supreme…
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IRS’s e-file and Free File Open for Business
IR-2013-14, IRS Kicks Off 2013 Tax Season: The IRS today opened the 2013 filing season by announcing a variety of enhanced products and services to help taxpayers prepare and file their tax returns by the April 15 deadline. New and expanded services for taxpayers this year include a redesigned IRS.gov web site that’s easier to…
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Tax Foundation: Americans Pay 17.2% in Cell Phone Taxes
Tax Foundation: State and Local Governments Impose Hefty Taxes on Cell Phone Consumers: U.S. wireless consumers pay an average 17.18% in taxes and fees on their cell phone bill, including 11.36% in state and local charges, according to a newly released study that identifies and calculates wireless taxes and fees. In Nebraska, the combined federal-state-local…
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Sanchirico: Camp’s Investment Tax Plan: Implications for Lower Rates on Capital Gains?
TaxVox Blog: Camp’s Investment Tax Plan: Implications for Lower Rates on Capital Gains?, by Chris William Sanchirico (Pennsylvania): House Ways and Means Committee Chairman Dave Camp (R-MI) has proposed requiring most derivatives investors to pay tax on their annual returns even if they don’t realize their gains by selling their securities. This proposal, which requires…
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Sanchirico Presents Optimal Tax Policy and the Symmetries of Ignorance Today at Duke
Chris William Sanchirico (Pennsylvania) presents Optimal Tax Policy and the Symmetries of Ignorance, 66 Tax L. Rev. ___ (2012), at Duke today as part of its Tax Policy Workshop Series: What government-observable characteristics should determine the taxes that an individual pays and/or the transfers that she receives? This article focuses on a specific aspect of…
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Johnston: Praise, and Criticism, for an NYT Series on Corporate Welfare
Columbia Journalism Review: Praise, and Criticism, for an NYT Series on Corporate Welfare, by David Cay Johnston: Many of the most important stories develop for years before they get covered because no one makes an official announcement, there is no central point where events occur, and the facts are scattered, subtle, and sometimes buried. Gene…
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NY Times: For First Time, Workers See Total Cost of Their Health Insurance on W-2
New York Times: To Open Eyes, W-2s List Cost of Providing a Health Plan: As workers open their W-2 forms this month, many will see a new box with information on the total cost of employer-sponsored health insurance coverage. To some, it will be a surprise, perhaps even a shock…. The disclosures, required by the…
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WSJ: States Embrace Tax Reform to Drive Economic Growth
Wall Street Journal editorial: The State Tax Reformers: Washington may be a tax reform wasteland, but out in the states the action is hot and heavy. Nine states—including such fast-growing places as Florida, Tennessee and Texas—currently have no income tax, and the race is on to see which will be the tenth, and perhaps the…
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NY Times: Is U.S. Ready for a Carbon Tax to Tackle Climate Change?
New York Times: In Energy Taxes, Tools to Help Tackle Climate Change: The erratic weather across the country in the last couple of years seems to be softening Americans’ skepticism about global warming. … In his inaugural address, President Obama wove Hurricane Sandy and last year’s drought into a stirring plea to address climate change.…
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USC Tax Institute
The USC Gould School of Law Tax Institute concludes today with its Estate Planning session. I am honored to deliver the keynote address on Occupy the Tax Code: Using the Estate Tax to Reduce Inequality, 40 Pepp. L. Rev. ___ (2013) (with James R. Repetti (Boston College)): Inequality has been increasing in the United States.…
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Johnston: Dell’s Multiple Restructurings Aid It in Tax Avoidance
David Cay Johnston, Dell's Multiple Restructurings Aid It in Tax Avoidance, 138 Tax Notes 499 (Jan. 28, 2013): David Cay Johnston discusses a restructuring by Dell Inc. that would enable it and other U.S. multinationals to avoid being taxed on their U.S. profits. All Tax Analysts content is available through the LexisNexis® services.
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A Distributional Analysis of the Tax Systems in All 50 States
The Institute on Taxation & Economic Policy today released Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (4th ed. Jan. 2013): The 2013 Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States (the fourth edition of the report) assesses the fairness of state and local tax…
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Tax Foundation: Where Do State and Local Governments Get Their Revenue?
Tax Foundation: Where Do State and Local Governments Get Their Revenue?:
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CBPP: Pease Provision in Fiscal Cliff Deal Won’t Affect Charitable Giving
Center on Budget and Policy Priorities: “Pease” Provision in Fiscal Cliff Deal Doesn’t Discourage Charitable Giving and Leaves Room for More Tax Expenditure Reform: The recent “fiscal cliff” deal reinstated a limit on itemized deductions for high-income taxpayers known as the “Pease” provision, which policymakers created as part of the 1990 bipartisan deficit-reduction package but which…