Thursday, January 11, 2018
A Los Angeles Times article about the challenges faced by an initiative to preserve Californians federal tax deductions features a quote from Professor Kirk J. Stark, a consultant on the new initiative.
Monday, January 8, 2018
Professor Kirk J. Stark has been named a key consultant to California legislative leaders on an initiative to protect state taxpayers from potentially harsh consequences of the new federal tax bill that passed in December. A plan to introduce state legislation in response to the federal law is being spearheaded by California state senate president pro tem Kevin de León, who has said that the new tax scheme “disproportionately harms California taxpayers.” Among other proposals, Stark has suggested that California may wish to consider providing a new state income tax credit for voluntary donations to certain state-designated funds. In a recent paper, Stark and seven co-authors provide a detailed analysis of the federal income tax treatment of state charitable tax credits.
Friday, January 5, 2018
The Los Angeles Times interviewed Assistant Professor Kristen Eichensehr for a discussion on Americans’ consumer privacy protections. Unlike the European Union, which recently passed sweeping new privacy protection rules, Americans remain vulnerable to data breaches in the absence of new federal legislation. Eichensehr said Europeans begin any privacy discussion with a presumption that individuals have a right to control their personal information. “We don’t have a similar right in this country,” she observed.
Friday, January 5, 2018
KCRW’s “Press Play” and KPCC’s “Air Talk” interviewed Professor Kirk Stark about an idea floated in Sacramento that would allow Californians to donate their state taxes to a special fund as a charitable contribution. The move would serve to ease the burden in a provision of the new federal tax law, which caps your deductions at $10,000 from your state and local taxes on your federal return, although average Californians deduct about twice that. Stark is advising Democrats in California on the proposal. Listen to the KCRW Podcast. Listen to the KPCC Podcast.
Thursday January 4, 2018
Jim Barrall, senior fellow in residence at the Lowell Milken Institute for Business Law and Policy, commented in the Washington Post on executive pay packages, which have increased dramatically over the last 20 years, despite legislation which has intended to set limits. “Market forces drive CEO pay. There is a market for CEOs, just like there is for football coaches and actors, and some of them are well paid,” said Barrall. “History proves that when the tax code has been used to limit executive compensation, it has not worked and has had unintended consequences,” he added.
Wednesday, January 3, 2018
Professor Steven Bank was interviewed for a special edition of National Public Radio’s Marketplace that focused on the GOP’s new tax bill and what it means for Americans; Bank discussed the use of tax as a tool for social policy. Listen to the podcast.
Tuesday, January 2, 2018
Professor Kirk Stark is cited in a New York Times article that details the responses of lawmakers in high-tax states to the tax measure that President Trump signed into law in December. Stark, the Barrall Family Professor of Tax law and Policy at UCLA, has been named a key consultant to California state senate president pro tem Kevin de León, who is seeking to ease the impact of a provision in the federal law that caps the amount of state and local taxes that people may deduct from their federal returns. Stark, the Times reports, “has suggested that states encourage residents to donate money to their state governments, then let the governments credit those donations against their state income taxes. Such donations would qualify as charitable donations, which are still fully deductible on federal taxes.”
Friday, December 22, 2017
Professor Steven Bank appeared on a special edition of public radio’s Marketplace titled “Congress Passed a Tax Bill. Now What?” He weighed in on the use of taxation as a way of driving social policy by incentivizing behaviors like home ownership through mortgage interest deductions. Listen to the podcast.
Thursday, December 21, 2017
Can Delaware Be Dethroned?: Evaluating Delaware’s Dominance of Corporate Law is a new volume of edited essays on Delaware corporate law by leading academic and practitioner experts. The volume was edited by UCLA Law Professors Stephen Bainbridge, Iman Anabtawi, Sung Hui Kim and James Park. The volume is available on Amazon.
Tuesday, December 19, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, has a post on the impact of the tax cuts bill on performance-based compensation in The Conference Board’s Corporate Governance Center blog.
Monday, December 4, 2017
Professor Steven Bank talked with Mel Magazine on the potential effects the corporate tax rate cut will have on employment and wages. With the proposed tax plan, businesses may invest more in capital, making workers more productive, and in turn, more valuable in the labor market and able to earn a higher salary. As Professor Bank states, however: “The real argument for labor benefiting from the tax bill is the economy will generally grow and benefit labor because of that. It’s not about corporations taking the savings and using the savings to give everyone a raise. Companies don’t just give out bonuses and increase wages because they have a sudden windfall.”
Thursday, November 30, 2017
Professors Sean Hecht and Lynn LoPucki were quoted in a Los Angeles Times article discussing how Peabody Energy, the nation’s largest private-sector coal company, has been ruled immune from a California lawsuit blaming fossil fuel companies for sea level rise related to climate change. Peabody filed for bankruptcy in 2016, shielding them from “torts committed in the past,” said LoPucki.
Thursday, November 16, 2017
Bloomberg BNA spoke with James Barrall ’75, senior fellow in residence at UCLA Law, about the Senate Finance Committee’s removal of a provision from the tax overhaul proposal that would have restricted an employee benefit plan—a plan that provides tax breaks for highly compensated employees. “Most companies are likely to continue using performance-based compensation,” commented Barrall.
Thursday, November 16, 2017
Professor Lynn LoPucki was quoted in the New York Times on how corporations filing for bankruptcy will engage in “court shopping” to find a court that provides features attractive to the executives, bankers and lawyers trying to get an edge in the proceedings. The vast majority of companies — more than 76 percent — now file for bankruptcy in a different state from where they are based, LoPucki said.
Tuesday, November 14, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, has a post on CEO pay ratio planning in The Conference Board’s Corporate Governance Center blog.
Monday, November 13, 2017
The seven-year-old Thomas A. Kirschbaum Scholarship in Tax Law at UCLA School of Law goes to the most promising students in the field and brings with it connections to a tight-knit group of alumni, faculty and students. The scholarship attracts students who are poised to make an impact as leaders in tax study and practice. Recipients enjoy a substantial financial award and inclusion in a vibrant network of premier tax attorneys and scholars, who share insights and career prospects. Read more about the scholarship and its recipients.
Monday, November 13, 2017
Professor Steven Bank was interviewed on NPR’S “Marketplace” about the Republicans’ proposal to delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth.
Monday, November 6, 2017
Professor Scott Cummings speaks with the Los Angeles Times about a state law known as Costa-Hawkins, which restricts local power to regulate rent increases in certain cases and on certain buildings, such as single-family homes. “I’m in the camp that says we need dramatic intervention to protect low- and moderate-income people so they can maintain a space in our city,” says Cummings.
Friday, November 3, 2017
In a Howler Magazine “Dummy” podcast, Professor Steven Bank discussed a lawsuit brought by the North American Soccer League against the U.S. Soccer Federation; Bank talked about what he reads into a Federal judge’s questioning of attorneys involved in the case. Listen to the Podcast.
Friday, November 3, 2017
Professor Jason Oh spoke to KPCC about how the GOP’s tax plan, which proposes eliminating the deduction for state and local income taxes, will affect Californians. That deduction can be significant for many Californians, said Oh. “Because of how high state and local taxes are in California, more Californians itemize than in many other states.” Listen to the Podcast.
Thursday, November 2, 2017
Professor Steven Bank was interviewed by KPCC for a segment that explored whether the estate tax is saving America from becoming an aristocracy. Listen to the Podcast. (Segment begins at 6.25)
Thursday, October 26, 2017
Professor Steven Bank was featured in a KPCC “Marketplace” podcast that discusses the proposed 25% pass-through tax rate. Listen to the Podcast. (Start at 6:00)
Thursday, October 19, 2017
Professors Kirk Stark and Eric Zolt wrote an op-ed for The Washington Post that argues that the still-struggling middle class, which has been promised a tax cut by the GOP through tax reform, is actually enjoying historically low tax rates and can’t be helped by cutting taxes. “What the middle class needs is not meager tax cuts but a muscular commitment to robust public institutions designed to benefit middle-income individuals,” write Stark and Zolt.
Thursday, October 12, 2017
Professor Steven Bank was quoted in a Crain’s New York Business article about a North American Soccer League lawsuit against the U.S. Soccer Federation. According to Bank, the NASL faces a formidable challenge in court.
Monday, October 9, 2017
The annual Tax Law Program e-newsletter features faculty news and scholarship, student news, and program events associated with UCLA School of Law’s Tax Law Program.
Wednesday, October 4, 2017
Professor Jason Oh talked to Bloomberg BNA for a discussion about the various decisions lawmakers may face in order to pay for tax rate cuts, which will have to be offset by revenue raisers. “Few decisions are binary,” said Oh. “There are a spectrum of decisions they can make on many provisions.”
Wednesday, October 4, 2017
Professor Steven Bank commented in Law 360 on an antitrust lawsuit brought by the North American Soccer League against the U.S. Soccer Federation, for applying a shifting set of standards meant to favor Major League Soccer, the nation’s premiere league. Bank said the NASL has an uphill battle to prove its antitrust claims.
Friday, September 29, 2017
Professor Eric Zolt was interviewed by Capitol Public Radio for an article on the GOP’s tax overhaul proposal, which calls for eliminating most itemized deductions — including possibly a deduction for state and local income taxes.
Thursday, September 28, 2017
Professor Steven Bank was interviewed by Howler Magazine in a podcast discussion of the North American Soccer League’s anti-trust lawsuit against the U.S. Soccer Federation, which recently demoted the NASL from division two to division three. The NASL is suing the USSF not only over this designation but over the governing body’s right to designate pro leagues at all.
Bank was also interviewed on the same topic by Inverted Triangle in a podcast on WRAL Sports Radio in Raleigh/Durham, North Carolina.
Thursday, September 28, 2017
Professor Jason Oh was interviewed by KPCC for a discussion of the GOP’s tax code overhaul, and how it will affect California homeowners. Under the proposal, California homeowners will likely pay higher taxes than they do now, said Oh. “But just barely. It’s a tough decision.”
Monday, September 18, 2017
Professor Kirk Stark was interviewed by Bloomberg Law in a podcast discussion of a recent South Dakota State Supreme Court ruling which found that companies selling goods over the internet cannot be forced to collect the state’s 4.5 percent tax on purchases.
Tuesday, September 12, 2017
Paul Habibi, a lecturer at UCLA Law and the UCLA Anderson School of Management, was featured in Business Wire and multiple other news outlets for his release of Housing Pays: Capturing the Economic and Fiscal Benefits of Increased Housing Production in L.A. Habibi’s report calculates that Los Angeles is risking a $583 million net benefit, generated through new housing taxes, if Mayor Eric Garcetti doesn’t meet a 2021 goal to build 100,000 new units.
Thursday, August 31, 2017
Professor Steven Bank spoke with Fox Business, addressing how the Republican tax plan poses a risk to the U.S. bond market. As White House officials and top House Republicans plan to scale back tax deductions on corporate interest, risking more borrowing overseas, the competitive advantage of the mammoth U.S. bond market will erode—according to experts. Bank explained the history of the corporate tax deduction for interest, which was known as a “capped” deduction in the early years.
Tuesday, August 29, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, published a Financial Times Agenda opinion piece noting that boards should be making certain their companies are preparing to disclose the ratios of their CEOs’ pay to that of their median compensated employees in their 2018 proxies.
Friday, August 11, 2017
Russell Korobkin, Vice Dean for Academic and Institutional Affairs and Richard C. Maxwell Professor of Law, authored a Los Angeles Times op-ed on President Trump’s erratic but potentially successful approach to the threat of hostilities with North Korea.
Tuesday, July 18, 2017
A member of the UCLA School of Law Class of 2017 has won a prestigious national student writing competition in tax law. Shelby Miner ’17 took top honors in Tax Analysts’ 2017 Student Writing Competition for her paper “The Use Tax Problem: Practicality or Propriety?” There, she proposes “a new method of determining whether a state has the authority to tax a company that has no physical presence within that state yet takes advantage of the state’s market to sell its goods.” In recognition of the award, Miner’s paper was published in State Tax Notes.
The Tax Analysts competition is open to law, business and public policy students and accepts papers on unsettled questions in international, federal or state tax law and policy. Winning entries are selected based on “originality, readability, organization, reasoning, and overall quality of content,” according to the competition guidelines. Miner’s paper was supervised by Eric M. Zolt, UCLA Law’s Michael H. Schill Distinguished Professor of Law.
During her tenure at UCLA Law, Miner took tax law classes and graduated with a certification in business law. She was also UCLA Law’s moot court president and received the Order of Barristers at graduation in May. Miner is a former competitive gymnast who majored in underwater archaeology as an undergraduate at the University of Minnesota and did field work excavating Roman shipwrecks in the Mediterranean Sea. She will begin her legal career as an attorney in the Army JAG Corps.
Monday, July 10, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, commented in the Washington Post on a controversial ruling involving employee pay gaps.
Tuesday, June 13, 2017
Professor Steven Bank was interviewed by the Los Angeles Business Journal regarding L.A.’s top-paid executives in public companies who received an increase in pay last year amid stock market gains.