April 28, 2023

2023 UNC Tax Symposium

The UNC Tax Symposium brings together scholars from different areas who share a common interest in current tax research. The symposium will be held in Chapel Hill on Friday morning and Saturday morning, April 28 and 29, 2023, and will be sponsored by the KPMG Foundation and the UNC Tax Center.

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  • Write-Off: The Tax Blog

    Why do quarters have ridges, and what does it have to do with taxes (and inflation!)

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Recent News & Media

Jeff Hoopes awarded the 2023 Bullard Faculty Research Impact Award

April 10, 2023

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 of the UNC Tax Center, and an Associate Professor in the Accounting. A committee with representatives from both the academic and professional community found his work on the effects of public and private tax disclosures to show the kind of impact that this award was designed to honor. More

CbC Reporting

What do we know about CbC Reporting?

January 31, 2021

In 2015, to address the lack of data and transparency on corporate taxation and firm tax avoidance strategies, the Organization for Economic Co-operation and Development (OECD) released the Base Erosion and Profit Shifting (BEPS) Action 13 Report which established the annual Country-by-Country Reporting (CbCR) guidelines for multinational enterprises (MNEs). More

TCJA Effects Tracker

Taxing the Way to Lower Pay: The Impact of Section 4960 Excise Tax on Nonprofit Compensation

May 09, 2023

We examine the effect of Internal Revenue Service code (IRC) section 4960 of the Tax Cuts and Jobs Act of 2017 (TCJA) which imposed a 21% excise tax on nonprofit employee compensation over $1 million per covered individual. Using a difference-in-differences analysis on IRS Form 990 data for almost 40 thousand nonprofit employee-year observations from 2015 to 2020, we find a lower growth rate for treated employee compensation post section 4960. Our results are robust to the use of alternative treatment specifications as well as control samples, e.g., employees earning more than $1 million but not covered under section 4960; medical professionals specifically exempt from section 4960. We also find that CEO turnover is higher for treated CEOs post section 4960. Our findings contrast those of prior research on Section 162, the parallel provision which applies to executive compensation in for-profit publicly listed firms, which found no decrease in compensation. More