Edward Kleinbard

Ivadelle and Theodore Johnson Professor in Law and BusinessUSC Gould School of Law

Edward Kleinbard
Work: (213) 740-4582
Fax: (213) 740-5502
699 Exposition Blvd. Los Angeles, CA 90089-0074 USA Room: 426
Personal Website: http://www.edwardkleinbard.com/

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last updated Tue, Aug 19, 2014

Edward D. Kleinbard is the Ivadelle and Theodore Johnson Professor in Law and Business at the University of Southern California's Gould School of Law, and a Fellow at The Century Foundation. Professor Kleinbard joined USC Law in 2009.

Before joining USC Law, Professor Kleinbard served as Chief of Staff of the U.S. Congress’s Joint Committee on Taxation. The JCT Staff are the nonpartisan tax resource to Congress, helping legislators to formulate legislation, writing analyses of legislative proposals or tax issues of interest to the Congress, and estimating the revenue consequences of legislative proposals.

Professor Kleinbard's work focuses on the taxation of capital income, international tax issues, and the political economy of taxation. His recent papers include Stateless Income (Florida Tax Review), The Lessons of Stateless Income (Tax Law Review), The Better Base Case (Tax Notes), Paul Ryan's Roadmap to Inequality (Tax Notes), Herman Cain's 9-9-9 Plan (Tax Notes), Tax Expenditure Framework Legislation (National Tax Journal) and An American Dual Income Tax: Nordic Precedents (Northwestern J. of Law and Social Policy). Professor Kleinbard has testified before the Congress on tax policy matters, and has written opinion pieces for the New York Times, the Huffington Post, CNN.com, and other media outlets.

Prior to his appointment to the Staff of the Joint Committee on Taxation, Kleinbard was for over 20 years a partner in the New York office of Cleary Gottlieb Steen & Hamilton LLP. Professor Kleinbard received his J.D. from Yale Law School, and his M.A. in History and  B.A. in Medieval and Renaissance Studies from Brown University.

Books

  • We Are Better Than This: How Government Should Spend Our Money (Oxford Univ. Press, 2014)

Articles and Book Chapters

  • "Competitiveness Has Nothing to Do With It", Tax Notes, forthcoming (2014)  - (SSRN)
  • "Through a Latte, Darkly: Starbucks’ Stateless Income Planning," 139 Tax Notes 1515 (Jun. 24, 2013). - (SSRN)
  • "Corporate Capital and Labor Stuffing in the New Tax Rate Environment" (Mar. 26, 2013) - (SSRN)
  • "Why Tax Revenues Must Rise"  (Feb. 14, 2013) - (SSRN)
  • "Stateless Income’s Challenge to Tax Policy, Part 2," 136 Tax Notes 1431 (2012) - (SSRN)
  • "Paul Ryan’s Roadmap to Inequality," 136 Tax Notes 1195 (2012) - (SSRN)
  • "The Better Base Case," 135 Tax Notes 1237 (2012) (with Joseph Rosenberg) - (SSRN)
  • "The Lessons of Stateless Income," 65 Tax Law Review 99 (2011) - (SSRN)
  • "Stateless Income," 11 Florida Tax Review 699 (2011) - (SSRN)
  • "The Role of Tax Reform in Deficit Reduction," 133 Tax Notes 1105 (2011) - (SSRN)
  • "Herman Cain’s 9-9-9 Plan," 133 Tax Notes 469 (2011) - (SSRN)
  • "Stateless Income’s Challenge to Tax Policy," 132 Tax Notes 1021 (2011) - (SSRN)
  • "Tax Expenditure Framework Legislation," 63 National Tax Journal 353 (June 2010). - (SSRN)
  • "An American Dual Income Tax: Nordic Precedents," 5 Northwestern Journal of Law and Social Policy 41 (2010). - (SSRN)
  • "Constitutional Kreplach," 128 Tax Notes 755 (2010) - (SSRN)
  • "The Congress Within a Congress: How Tax Expenditures Distort Our Budget and Our Political Process," 36 Ohio Northern University Law Review 1 (2010) (publication version of the Fourteenth Annual Woodworth Lecture, delivered in Washington, DC). - (SSRN)
  • "Systematic Underinvestment in Straddle Rules," 125 Tax Notes 1301 (December 21, 2009) (a compilation of invited essays, "Examining the Straddle Rules After 25 Years").
  • “Where Can We Stand to Gain Perspective?, Toward Tax Reform: Recommendations for President Obama’s Task Force,” Tax Analysts, 2009. - (PDF)
  • “A Revenue Estimate Case Study: The Repatriation Holiday Revisited,” 120 Tax Notes 1191(2008) (with Patrick Driessen).
  • “Rethinking Tax Expenditures,” an address to the Chicago-Kent College of Law Federal Tax Institute (2008). - (www)
  • “Rehabilitating the Business Income Tax,” The Hamilton Project at the Brookings Institution (2007). - (www)
  • “Designing an Income Tax on Capital,” a chapter in Taxing Capital Income, The Urban Institute Press (2007).
  • “Throw Territorial Taxation From the Train,” 114 Tax Notes 547 (2007).
  • “A Holistic Approach to Business Tax Reform,” 114 Tax Notes 90 (2007).
  • “Is It Time to Liquidate LIFO?,” 113 Tax Notes 237 (2006) (with George A. Plesko and Corey M. Goodman).
  • "IRS Should Release Schedules M-3, Not Entire Corporate Tax Returns," 106 Tax Notes 1485 (2006) (with Peter Canellos)
  • "Proposed Treasury Regulatiaons Offer Dealers and Traders Safe Harbor for Section 475 Mark-to-Market Valuations," 19 Journal of Taxation and Regulation of Financial Institutions 5 (September/October 2005) - (SSRN)
  • "The Business Enterprise Income Tax:  A Prospectus," 106 Tax Notes 97 (2005) - (SSRN)
  • “Taxing Convertible Debt: A Layman’s Perspective,” 56 SMU Law Review 453 (2003). - (Hein)
  • “Competitive Convergence in the Financial Service Markets,” 81 Taxes 225 (2003). - (Hein)
  • “A Short Course in Valuing Derivatives,” 94 Tax Notes 380 (2002).
  • “Contingent Interest Convertible Bonds and the Economic Accrual Regime,” 95 Tax Notes 1949 (2002) (with Erika W. Nijenhuis and William L. McRae).
  • “Disclosing Book-Tax Differences,” 96 Tax Notes 999 (2002) (with Peter C. Canellos).
  • “The U.S. Taxation of Equity Derivative Instruments,” Chap. 24 in The Handbook of Equity Derivatives. New York: John Wiley & Sons, Inc., 2000.
  • “Everything I Know About New Financial Products I Learned From DECS, Practicing Law Institute,” Tax Law and Practice Course Handbook Series #457 (1999 and following years) (with Erika W. Nijenhuis).
  • “Corporate Tax Shelters and Corporate Tax Management,” 51 The Tax Executive 231 (1999). - (Hein)
  • “The Role of Mark-to-Market Accounting in a Realization-Based Tax System,” 75 Taxes 788 (1997) (with Thomas L. Evans). - (Hein)
  • “Short Sales and Short Sale Principles in Contemporary Applications,” Chap. 17 in N.Y.U. Fifty-Third Institute on Federal Taxation. New York: Matthew Bender, 1995 (with Erika W. Nijenhuis).
  • “Risky and Riskless Positions in Securities,” 71 Taxes 12 (1993).
  • “Equity Derivative Products: Financial Innovation’s Newest Challenge to the Tax System,” 69 Texas Law Review 6 (1991). - (Hein)
  • “Beyond Good and Evil Debt (And Debt Hedges): A Cost of Capital Allowance System,” 67 Taxes 12 (1989). - (Hein)
  • “Business Hedges After Arkansas Best,” 43 Tax Law Review 393 (1988) (with Suzanne F. Greenberg). - (Hein)
  • “The Miracle of Compound Interest: Interest Deferral and Discount After 1982,” 38 Tax Law Review 4 (1983) (with Peter C. Canellos). - (Hein)