Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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Fiscal Cliff Tax Bill Will Reduce Charitable Donations
Wall Street Journal op-ed: The Taxman's Uncharitable New Rule: Washington's Fiscal-Cliff Deal Will Mean Less Philanthropy and More Government Dependency, by Ari Fleischer: The Occupy Wall Street, what's-yours-is-mine-sentiment is alive and well, at least judging by the furious reaction to a recent message I sent out on Twitter concerning the tax increase that President Barack…
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Case Western Dean: There’s No Oversupply of Lawyers
Bloomberg Law: Dean: There's No Oversupply of Lawyers: The U.S. Bureau of Labor Statistics projects there will be 74,000 new lawyer jobs this decade, while American law schools will produce more than 400,000 graduates. Despite those numbers, "it's not clear to me there's an oversupply problem at all," says Case Western Reserve Law School Dean…
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ABA Blawg 100 Results
Kudos to two members of our Law Professor Blogs Network for being selected by readers as the top law blog in their respective categories from among "the 100 best Web sites by lawyers, for lawyers, as chosen by the editors of the ABA Journal" — the 2012 Blawg 100: Best niche blog: Wills, Trusts &…
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HGTV: Opinionated Law Professor Settles Down In St. Louis
HGTV House Hunters Episode HNT-7109H (Jan. 3, 2013): Opinionated Law Professor Settles Down In St. Louis: Miriam Cherry has spent the past eight years moving around the country teaching law at various universities. But now that she has tenure, she can settle down in St. Louis, Missouri. There this opinionated and outspoken professor hopes to…
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Banker Sues Arizona State Law Prof, Wash. U. Law Review, for Defamation in Of Meat and Manhood Article
New Jersey banker Robert Catalanello has sued Zachary Kramer (Associate Dean for Intellectual Life and Professor of Law, Arizona State) for defamation in his article, Of Meat and Manhood, 89 Wash. U. L. Rev. 287 (2011). Mr. Catalanello also named Washington University School of Law (which published the article) and Western New England University School…
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WSJ Op-Ed: Message to Aspiring Lawyers — Caveat Emptor
Wall Street Journal op-ed: A Message to Aspiring Lawyers: Caveat Emptor — Number of New Jobs Annually: 21,800. Number of Graduates: 44,000, by Chris Fletcher: There is a crisis in law-school education, but don't expect the institutions to tell potential applicants about it. In short, there are far too many graduates for the number of…
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The 25 Most Influential People in Legal Education
National Jurist: The 25 Most Influential People in Legal Educationn: Brian Tamanaha (Professor, Washington U.) William Henderson (Professor, Indiana) Frank Wu (Chancellor & Dean, UC-Hastings) Erwin Chemerinsky (Dean, UC-Irvine) Kyle McEntee (Co-founder, Law School Transparency) Patricia White (Dean, Miami) Bryant Garth (Dean Emeritus and Professor, Southwestern) David Levi (Dean, Duke) Catherine Carpenter (Professor, Southwestern) The…
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Merritt and McEntee Launch Law School Cafe
Deborah J. Merritt (Ohio State) and Kyle McEntee (Law School Transparency) have launched a new website, Law School Cafe: Law School Cafe is a resource for anyone interested in reshaping legal education. Many law schools, workplaces, and bar associations are considering change; this site is designed to help you explore specific proposals. Cafe Tables The…
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More Fiscal Cliff Tax Commentary
Folllowing up on my prior posts (here and here): Fred Barnes (Wall Street Journal), The President Who Wants It All: The Essence of Bipartisan Deals Is Win-Win: Both Sides Are Satisfied. Obama's Approach Is He Alone Wins Bloomberg, Budget Deal Lets More Savers Switch to Roth 401(k) Neil Buchanan (George Washington), A Mismatch Between Tax…
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Tulane Joins Rankings Hall of Shame
Inside Higher Ed: Yet Another Rankings Fabrication: Tulane University has admitted that it sent U.S. News & World Report incorrect information about the test scores and total number of applicants for its M.B.A. program. The admission — as 2012 closed — made the university the fourth college or university in that year [joining Claremont McKenna,…
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Sullivan: Double Disappointment With the Fiscal Cliff Deal
Martin A. Sullivan (Tax Analysts), Double Disappointment With the Deal, Doc 2013-46 (Jan. 3, 2013): Martin A. Sullivan discusses the downsides of the fiscal cliff compromise. All Tax Analysts content is available through the LexisNexis® services.
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July 2012 California Bar Exam Results
The July 2012 California bar passage rates by school are out. Here are the results for first-time test-takers for the 21 California ABA-approved law law schools, along with each school's U.S. News ranking (California and overall): Bar Pass Rank (Rate) School US News Rank CA (Overall) 1 (93.7%) Stanford 1 (2) 2 (90.2%) UC-Irvine…
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McLaughlin: Extinguishing and Amending Perpetual Conservation Easements
Nancy A. McLaughlin (Utah), Extinguishing and Amending Tax-Deductible Conservation Easements: Protecting the Federal Investment after Carpenter, Simmons, and Kaufman, 13 Fla. Tax Rev. 217 (2012): Taxpayers are investing billions of dollars in conservation easements intended to permanently protect unique or otherwise significant land areas or structures through the federal charitable income tax deduction available to…
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U.K. Taxation of Non-resident Entertainers and Sportsmen
Alan Simpson (J.D. 2012, Washington U.), Note, Taxation of Non-resident Entertainers and Sportsmen: The United Kingdom's Definition of Performance Income and How It Ought to be Measured, 11 Wash. U. Global Stud. L. Rev. 693 (2012): This Note analyzes the U.K. approach to taxation of income earned for U.K. performances by foreign entertainers and athletes…
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Columbia Journal of Tax Law Publishes New Issue
The Columbia Journal of Tax Law has published its seventh issue (Vol. 4, No. 1): Andrew P. Morriss (Alabama) & Lotta Moberg, Cartelizing Taxes: Understanding the OECD’s Campaign against “Harmful Tax Competition”, 4 Colum. J. Tax. L. 1 (2012): “Formed in 1961 to promote global economic and social well-being, the Organisation for Economic Co-operation and…
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Rattner: 2012 — The Year in Charts
New York Times: America in 2012, as Told in Charts, by Steven Rattner: The weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and political themes of 2012. To supplement the torrent of rhetoric, I offer charts to help provide facts and context for the debate…
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Grinberg: The Battle Over Taxing Offshore Accounts
Itai Grinberg (Georgetown), The Battle Over Taxing Offshore Accounts, 60 UCLA L. Rev. 304 (2012): The international tax system is in the midst of a contest between automatic information reporting and anonymous withholding models for ensuring that nations have the ability to tax offshore accounts. At stake is the extent of many countries’ capacity to…
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Ending Student Loan Exceptionalism: The Case for Risk-Based Pricing and Dischargeability
Peter Zuckerman (Wachtell, Lipton, Rosen & Katz, New York), Note, Ending Student Loan Exceptionalism: The Case for Risk-Based Pricing and Dischargeability, 126 Harv. L. Rev. 587 (2012): This Note proposes a two-part solution to the growing student loan crisis associated with higher education in general and law schools in particular. On the front end, it argues…
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House Approves Fiscal Cliff Tax Deal
The House last night approved H.R. 8 by a vote of 257-167 to avert the fiscal cliff. The bill now goes to the White House for President Obama's signature. Highlights of the bill include: Raise the marginal tax rate to 39.6% on income over $450,000 (joint) and $400,000 (single). Raise the tax rate on dividends…
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PIRG: Reforming the Deductibility of Corporate Legal Settlements
US PIRG: Subsidizing Bad Behavior: How Corporate Legal Settlements for Harming the Public Become Lucrative Tax Write Offs, with Recommendations for Reform: BP’s recent $4.5 billion legal settlement with the Justice Department for its misdeeds in the Gulf oil spill was historic for being the largest ever criminal settlement. But it was historic for another…
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NY Times: Relief for Student Borrowers
New York Times editorial: Relief for Student Borrowers: College graduates who began their careers during the Great Recession faced several long-term economic obstacles. These included lower earnings, higher unemployment rates and greater career instability — all of which made it more difficult to buy homes and save for retirement. It also made it harder to…
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Sanchirico: Taxing Public Companies
Chris Sanchirico (Pennsylvania), New Ways to Think About a Tax on Public Companies: Suppose someone proposed a special tax on businesses that make their ownership shares publicly available in affordable, easy-to-sell units. Such an idea would probably generate a lot of push-back. Efficiency advocates might complain that it taxed the very attributes that make equity…
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Deborah Jones Merritt: Are Law Schools Like A&P and NASA?
Deborah Jones Merritt (Ohio State), Tried and True: Why do smart people stick to outmoded ideas? Why do creative scientists or business people lose their ingenuity when it comes to their own business models? Pondering these questions, a reader pointed me to this classic essay in the National Geographic Adventure Blog. In the essay, best-selling author Laurence Gonzales discusses epic…
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CBO on Fiscal Cliff Deal: $1 in Spending Cuts ($15 Billion) for Every $41 in Tax Increases ($620 Billion)
The Senate early this morning passed H.R. 8 by a vote of 89-8 to avert the fiscal cliff. The bill now moves to the House. Highlights of the bill include: Raise the marginal tax rate to 39.6% on income over $450,000 (joint) and $400,000 (single). Raise the tax rate on dividends and long term capital…
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Campos: The Crisis of the American Law School
Paul Campos (Colorado), The Crisis of the American Law School, 46 U. Mich. J.L. Reform 225 (2012): The economist Herbert Stein once remarked that if something cannot go on forever, it will stop. Over the past four decades, the cost of legal education in America has seemed to belie this aphorism: it has gone up…