2018

The New York Times (August 3, 2018)

Edward Kleinbard was quoted on how wealthy taxpayers take advantage of a philanthropic giving loophole. “They’re a fraud on the American taxpayer,” said Kleinbard. “They’re a way for the affluent to have their cake and eat it, too.”

The American Prospect (June 28, 2018)

Edward Kleinbard was quoted about how the massive spending cuts supported by the 2017 Republican Tax Act affect Americans differently based on their socioeconomic status. Kleinbard explained that regardless of the distribution of taxes, “government spending invariably is very progressive: Lower-income Americans get disproportionately more value from government spending, relative to their incomes, than do the affluent, because they rely much more on public schools, social services and health care.”

Bloomberg (May 29, 2018)

Edward Kleinbard was interviewed about inequitable access to private placement life insurance as a way to pass wealth onto heirs. The biggest problem with PPLI is that its tax benefits are not available to all on roughly equal terms,” said Kleinbard. The product adds “to top-end inequality without being used to meet genuine insurance needs at all.”

Los Angeles Times (April 15, 2018)

Edward Kleinbard published an op-ed about the tax health of the United States. Following the tax reform act from 2017, it is likely conservatives will argue for cutting Social Security and Medicare benefits to pay for the larger deficit, according to Kleinbard. “Tax policy is a bore, until they come to take your Social Security and Medicare away … Tax Day is as good as any other to reflect soberly on the price our country will pay for systematically undertaxing itself,” he wrote.

Background Briefing with Ian Masters (April 15, 2018)

Edward Kleinbard was interviewed about an op-ed he wrote on the tax health of the United States.

BBC Mundo (April 3, 2018)

Edward Kleinbard was quoted about President Donald Trump’s attacks on Amazon’s business practices.

Wall Street Journal (March 26, 2018)

Edward Kleinbard was quoted about the unintended effects of the tax reform bill rushed through Congress in 2017. “It’s a great example of what happens when legislation is rushed,” Kleinbard said. “There’s a great deal of anxiety about this issue, enormous anxiety.”

Wall Street Journal (February 13, 2018)

Edward Kleinbard was quoted on how the new tax laws will negatively impact foreign firms. “It’s bad news for foreign-based multinationals,” said Kleinbard. “The bottom line is that this will be very expensive for some firms, and will incentivize them to undergo costly restructurings,” Kleinbard said.

CNBC (February 5, 2018)

Edward Kleinbard was quoted about the new tax law and who qualifies for the 20 percent deduction. Kleinbard said that the discounted tax rate phases out at higher incomes very quickly.

Newsweek (February 4, 2018)

Edward Kleinbard had comments cited about Apple’s repatriation tax bill. “Apple is paying a record tax because for the last two decades, it has been the world champion at global tax avoidance,” Kleinbard said.

The New York Times (January 27, 2018)

Edward Kleinbard was cited on whether corporate tax cuts will increase wages or investment in the United States.

Financial Times (January 25, 2018)

Edward Kleinbard was quoted about how the Walt Disney Company’s acquisition of 21st Century Fox’s entertainment assets will impact its tax bill.

Bloomberg (January 25, 2018)

Edward Kleinbard was quoted about the impact of shareholders of companies that must pay a repatriation bill to bring foreign profits back to the United States. In the first few years the revenue generated from shareholders could outpace the revenue generated from multinationals’ actual repatriation tax payments, according to Kleinbard.

Financial Times (January 25, 2018)

Edward Kleinbard was quoted on why the new tax regulations are unlikely to bring real investment and economic growth to the United States.

Wall Street Journal (January 24, 2018)

Edward Kleinbard was quoted on whether American companies will capitalize on a new U.S. tax law that reduces the royalties paid on the overseas use of intellectual property or other intangible assets. “I don’t think any firm would be well served by betting the ranch on the stability of the new tax law,” said Kleinbard.

Los Angeles Times (January 22, 2018)

Edward Kleinbard was quoted on why Apple’s repatriation of foreign profits should not be celebrated. “Effectively, they’ve repatriated $97 billion,” explained Kleinbard. “Apple is paying a record tax because for the last two decades, it has been the world champion at global tax avoidance. They’ve accumulated vast earnings outside the United States and paid tax essentially nowhere on that income to speak of.”

The Washington Post (January 18, 2018)

Edward Kleinbard was quoted about the benefits Apple will reap after it pays an initial tax to repatriate its foreign profits. “On the one hand, this is a record payment. On the other hand, it shows how successful they’ve been at gaming the system” around the world, said Kleinbard.

Wired (January 18, 2018)

Edward Kleinbard was quoted about how Apple’s $38 billion tax payment is a good deal for the company. “The magnitude of the tax just signifies the magnitude of Apple’s successful tax avoidance strategies over the last couple of decades,” says Kleinbard. Although Apple is getting off easy with a tax bill of “only” $38 billion, Kleinbard thinks the company’s effective tax rate will be a bit higher in the future, thanks to a combination of the mandatory 10.5 percent tax on certain foreign assets and a general crackdown on tax avoidance overseas.

Los Angeles Times (January 16, 2018)

Edward Kleinbard was quoted about the benefits of the new federal tax plan for independent contractors. “Every Uber driver, as far as I can see, gets a benefit,” said Kleinbard.

Los Angeles Times (January 15, 2018)

Edward Kleinbard was quoted about the impact on stock prices if companies choose to repatriate profits. Kleinbard said he expects “a significant amount of debt repayment to take place” with the repatriated cash.

The Washington Post (January 4, 2018)

Edward Kleinbard was quoted about a proposed California law that would help taxpayers circumvent new federal tax rules about deductions. “As a technical matter, I think that it is an idea that has worked on a smaller scale in other circumstances like Arizona’s program to indirectly subsidize parochial school education,” said Kleinbard.