Paul L. Caron
Dean
Pepperdine Caruso
School of Law
2013
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The Legal Profession and Legal Education: Is It Time to Burn the Ships?
Georgetown Center for the Study of the Legal Profession, Report on the State of the Legal Market: Introduction – Time to Burn the Ships? As we enter 2013, the legal market continues in the fifth year of an unprecedented economic downturn that began in the third quarter of 2008. At this point, it is becoming…
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Hamilton Project Hosts Program Today on Entitlements, Taxation, and Revenues in the Federal Budget
The Hamilton Project hosts a program today on Real Specifics: 15 Ways to Rethink the Federal Budget—Part II: Addressing Entitlements, Taxation, and Revenues: Budget battles continue in Washington even after the White House and Congress cut a last-minute deal to avert the so-called “fiscal cliff.” With the imminent threat of default removed for now, the…
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Joint Tax Committee: Explanation of Tax Legislation Enacted in the 112th Congress
The Joint Committee on Taxation yesterday released General Explanation of Tax Legislation Enacted in the 112th Congress (JCS-2-13): This document … provides an explanation of tax legislation enacted in the 112th Congress. The explanation follows the chronological order of the tax legislation as signed into law. For each provision, the document includes a description of…
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3d Circuit Denies CARDS Tax Shelter
Crispin v. Commissioner, No. 12-2275 (3d Cir. Feb. 25, 2013): Neal D. Crispin appeals the decision of the United States Tax Court that he was not entitled to an ordinary loss deduction for his participation in a Custom Adjustable Rate Debt Structure (“CARDS”) transaction and that he is liable for an accuracy-related penalty under §…
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GW Law Faculty Launched ‘Near Coup’ to Oust Dean Paul Berman
The George Washington Hatchet, Law Faculty Plotted to Oust Dean: Faculty say they launched a near coup to remove the former dean of the GW Law School, who unexpectedly announced last fall he would resign after holding the position for just 18 months. Paul Schiff Berman stepped down in January and moved to a new…
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Could Taxing Violent Video Games Actually Save Lives?
The Atlantic: Could Taxing Violent Video Games Actually Save Lives?, by Jacoba Urist: Guns, troubled young men, and violent video games. Together, they form a tragically familiar background story to America's recent shooting massacres in Columbine, Aurora, and Newtown. But the Constitution protects guns, and mental health is expensive and complicated to treat. So some…
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Medical Marijuana Providers Face 75% Federal Tax Rate
CNN: Marijuana Dealers Get Slammed by Taxes: Thanks to a decades-old law targeting drug runners, entrepreneurs in the nascent medical marijuana industry face a unique burden: an effective federal income tax rate that can soar as high as 75%. The hefty levy is the result of a 1982 provision to the tax code, known as…
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Rothschild: It is Time to End the Carried Interest Loophole
New York Times op-ed: A Costly and Unjust Perk for Financiers, by Lynn Forester de Rothschild (CEO, E. L. Rothschild): Of the many injustices that permeate America’s byzantine tax code, few are as outrageous as the tax rate on “carried interest” — the profits made by private equity and hedge fund managers, as well as…
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TIGTA to Investigate Whether IRS Improperly Steered $500 Million in Contracts to Computer Company
The Treasury Inspector General for Tax Administration has agreed to investigate whether an IRS employee improperly steered more than $500 million in government contracts to Signet Computers, after receiving this letter from House Committee on Oversight and Government Reform Chair Darrell Issa. Washington Post, House Committee Investigating $500 Million in Contracts Between IRS, Computer Company:…
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NLJ: Law School Rankings by Graduates in BigLaw Jobs
National Law Journal: The Go-To Law Schools: A Special Report: This annual special report focuses on what, for many law students, is the bottom line: whether they stand any chance in hell of landing a coveted associateship at a major law firm. We found that the picture was marginally brighter — but that isn’t saying…
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Johnston: Income Inequality: 1 Inch to 5 Miles
David Cay Johnston (Syracuse), Income Inequality: 1 Inch to 5 Miles, 138 Tax Notes 1007 (Feb. 25, 2013): The average increase in real income reported by the bottom 90% of earners in 2011, compared with 1996, if measured at one inch, would extend almost five miles for the top 1% of the top 1%. All…
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Google Law Review Rankings
My friend and colleague Rob Anderson (Pepperdine) has expanded his Google Law Review Rankings to cover 216 law reviews based on articles published in 2007-2011 (with links to the most-cited articles for each journal). Here are the Top 25, along with each journal’s ranking in the Washington & Lee law review rankings: Rank Law Review…
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FOIA Request Seeks Affirmative Action Data From UC-Berkeley, UC-Davis Law Reviews
Following up on last week's post, Should Law Reviews Take Race, Gender, and Sexual Orientation of Authors Into Account When Selecting Articles?: Pacific Legal Foundation, PLF Seeking Information from Davis and Berkeley: Last week, a number of friends, colleagues, and outside attorneys emailed me this post from Josh Blackman. It seems that both UC Davis…
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TaxProf Blog Weekend Roundup
Saturday: American Taxation Association Midyear Meeting Dean Calls for Charter Law Schools Ex-Dean: The Problem With Legal Education: The ABA ABA May Pull Florida A&M's Accreditation Sunday: Reynolds: The Hollywood Tax Story They Won't Tell at the Oscars Top 5 Tax Paper Downloads Law Prof: I May File Law School Ethics Charges Harry Reid Hires…
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Reynolds: The Hollywood Tax Story They Won’t Tell at the Oscars
Wall Street Journal op-ed; The Hollywood Tax Story They Won't Tell at the Oscars, by Glenn Harlan Reynolds (Tennessee): It's easy to demand higher levies on the 'rich' when your own industry gets $1.5 billion in government handouts. At the Democratic National Convention last year, actress Eva Longoria called for higher taxes on America's rich.…
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Top 5 Tax Paper Downloads
There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads on SSRN, with a new paper debuting on the list at #3: 1. [344 Downloads] Why Tax Revenues Must Rise, by Edward D. Kleinbard (USC) 2. [259 Downloads] Occupy the Tax Code: Using the Estate Tax to Reduce Inequality, by Paul…
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Law Prof: I May File Law School Ethics Charges
Following up on my previous post, Subjecting Law School Officials to Professional Discipline for Deceitful Marketing to Prospective Students (Dec. 26, 2012): Ben Trachtenberg, an associate professor at University of Missouri School of Law who has written about law schools misrepresenting incoming student GPAs, LSAT scores and graduate employment data [Law School Marketing and…
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Harry Reid Hires G.E. Lawyer as Chief Tax Adviser
New York Times DealBook: A Revolving Door in Washington With Spin, but Less Visibility, by Jesse Eisinger (ProPublica): Obsess all you’d like about President Obama’s nomination of Mary Jo White to head the Securities and Exchange Commission. Who heads the agency is vital, but important fights in Washington are happening in quiet rooms, away from…
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American Taxation Association Midyear Meeting
The 19th Annual American Taxation Association 2013 Midyear Meeting concludes today in San Diego (program here): JATA Conference Research in Progress New Faculty and PhD Students Uncertain Tax Positions Tax Avoidance in an International Setting
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Dean Calls for Charter Law Schools
The Faculty Lounge: Loosening the ABA's Grip on Law Schools, by David Yellen (Dean, Loyola-Chicago): The ABA Standards and Rules of Procedure for Approval of Law Schools establish the basic framework within which almost all law schools operate. Many aspects of the Standards are appropriate and unobjectionable. However, in too many respects the Standards operate as…
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Ex-Dean: The Problem With Legal Education: The ABA
Wall Street Journal op-ed: Perverse Incentives of the Lawyers Guild: While Law School Enrollment Drops, ABA Rules Bust the Budgets, by James L. Huffman (Dean Emeritus, Lewis & Clark): Law schools are in trouble. Applications are down almost 50% to an estimated 54,000 this year from 100,000 in 2004. Little wonder. According to the National…
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ABA May Pull Florida A&M’s Accreditation
Diverse Issues in Higher Education: Florida A&M Law School Warned It Is Not Meeting Standards: Embattled Florida A&M University has been warned that its decade-old law school is not meeting the standards it needs to maintain its accreditation. … The ABA this week sent a letter to FAMU officials detailing problems it found with the…
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Call for Book Reviews: Michigan Law Review
The Michigan Law Review has asked me to post its solicitation of book reviews for its 2014 Survey of Books Related to the Law: The Michigan Law Review publishes an Annual Survey of Books dedicated to book reviews. Book reviews are not included in any other issue of the Michigan Law Review. The Survey includes…
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Tulane Hosts Tax Roundtable Today in New Orleans
Tulane hosts its annual Tax Roundtable today: The Tulane Tax Roundtable brings together tax scholars from around the country, resident Tulane Faculty, and Tulane students for discussion and debate about important tax policy issues of our time. The roundtable showcases the drafts and works-in-progress of its participants and subjects these works to rigorous analysis in…
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UW-TEI Host Tax Forum Today in Seattle
The University of Washington and Tax Executives Institute host a Tax Forum today in Seattle. Among the speakers in Kristin Hickman (Minnesota), An Update on Transfer Pricing – The Number One Tax Enforcement Issue Worldwide.