Jeff Hoopes has received the 2023 Bullard Faculty Research Impact Award which recognizes a professor whose research has had a significant impact on the practice of business. This award was created through the generosity of Clifford E. “Clif” Bullard Jr. (BSBA ’76), CEO of the Bullard Restaurant Group, and his wife Rachelle Bullard. Their goal was to inspire and provide incentives for faculty members to consider the impact on the business world as they choose research topics and communicate their results. Jeff is the Research Director for the UNC Tax ..read more

UNC Tax Center Research Director was quoted in a USA Today fact check article on Donald Trump’s presidential salary donations. “Since money is fungible, it is unknowable whether he donated his salary, or whether he donated any more than he otherwise would have had he not got the salary, etc,” Hoopes said. “I would not support the claim that we could know that from his tax returns ..read more

Ed Maydew recently presented his working research paper at the 2022 Journal of Accounting and Economics Conference held at UNC on October 13-15, 2022. His research has been posted on NBER and was featured by  MarketWatch, Yahoo! Finance and Accounting Today ..read more

Designating Accounting as STEM – Courtney Knoll, Ph.D., CPA, Executive Director, UNC Tax Center and Associate Dean of the UNC Master of Accounting Program; Kelli Knoble, CPA, UNC Tax Center Leadership Council member; and Scott Showalter, CPA spoke at a meeting of the House Select Committee on Advancing Women in STEM.  NCACPA called on legislators to build on the state’s existing financial literacy initiatives by establishing and expanding course offerings through grade 12 to include high-quality accounting classes and to target resources at students who are underrepresented in the ac ..read more

Research by the UNC Tax Center shows just six publicly traded U.S. companies, including Amazon and Warren Buffett’s Berkshire Hathaway Inc., would have paid half the estimated $32 billion in revenue generated by a 15% corporate minimum tax signed into law last month. “Who actually pays a lot is just not very many firms at all,” said Jeff Hoopes, UNC Kenan-Flagler Business School professor and the center’s research director. “My guess is it will not be the same firms every single year.” The study, co-authored by Hoopes and Research Associate Christian Kindt, received coverage in ..read more

Jeffrey L. Hoopes* University of North Carolina at Chapel Hill hoopes@unc.edu Christian Kindt University of North Carolina at Chapel Hill christian_kindt@kenan-flagler.unc.edu We use public data to estimate firm-specific estimates of the minimum tax on book income included in the Inflation Reduction Act. We take into account all major adjustments to financial statement income included in the law, using what we consider the best available public data. Our estimates suggest that just under 80 firms would have been subject to the tax and the tax would have raised approximately $32 billion had the ..read more

In my class, the very first tax law I mention, on slide two of day one, is named “An Act for Granting to His Majesty Several Rates or Duties Upon Houses for Making Good the Deficiency of the Clipped Money”. It was passed in England in 1696. It is known as the window tax, and it was a tax based on the number of windows you had in your house. In class we focus on this window tax, and I rarely mention what the tax was to pay for, specifically, “making good the deficiency of the clipped money”.  What is that? Well, back when coins were made of precious metals like gold and silver, one thing t ..read more

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