Tax Chats
Dyreng and Hoopes
Taxes touch every aspect of society, including who rules, where factories are built, what people drink, what car they buy, when they have children, and when they die. Scott Dyreng (Duke) and Jeff Hoopes (UNC), two accounting professors, chat about taxes, including current events, with the energy of an over-caffeinated chihuahua. Listening is guaranteed to be far more entertaining than actually paying your taxes.
Episodes
Mentioned books
Nov 8, 2021 • 3min
Tax Short - How Much Tax Should a Socially Responsible Firm Pay?
Send us a textJeff briefly discusses how much tax a socially responsible firm should pay. He explains that a dollar of tax paid might translate to one fewer dollar used for other socially responsible objectives.
Nov 8, 2021 • 5min
Tax Short - How Salesforce.com Paid No Tax on $2.6 Billion in Profits
Send us a textScott describes how Salesforce.com used tax deductions from share-based compensation to reduce its U.S. tax bill to $0 despite reporting billions in profits to shareholders.
Nov 5, 2021 • 34min
The Tax on GAAP is Back (or at least proposed)
Send us a textWe discuss the recently proposed 15% corporate minimum tax to be applied to financial accounting earnings. The idea was proposed by Senator Elizabeth Warren in 2019. At that time, we wrote several articles that were published in by various media outlets:WSJ: https://www.wsj.com/articles/dont-let-warren-politicize-accounting-11557089967The Hill: https://thehill.com/opinion/finance/439693-warrens-corporate-tax-solution-is-fundamentally-flawedA few months later, 11 Senators wrote a letter to the FASB in favor of an accounting change that would improve tax enforcement. We wrote a letter to the FASB urging them to disregard any arguments for financial accounting changes that serve the objective of tax enforcement (the tax code can do this instead). The letters can be found on the last two links here: https://www.fasb.org/jsp/FASB/CommentLetter_C/CommentLetterPage&cid=1218220137090&project_id=2019-500
Nov 5, 2021 • 33min
A Billionaires Tax? Is it a wealth tax? Could it happen?
Send us a textWe discuss the recent proposal for a billionaire's tax. We describe the tax, discuss how it could force the very rich to pay more in tax, and the possible complications of such a tax.
Nov 4, 2021 • 32min
Building Back Better with SALT-y Tax Cuts for the Rich?
Send us a textWe discuss the recently proposed removal of the federal tax deduction for state and local taxes. The restriction would largely benefit wealthy or high-income taxpayers in states with relatively high tax rates (California, New York, etc.) More information can be found at www.taxchats.org
