So good afternoon, and welcome my name is tim bowman executive dean for administration and finance at the Harvard Engineering school of engineering and Applied Sciences. And in my six years of commissioner on the commission for institutes of Higher Education, and its my pleasure to welcome you to the afternoon session, and it is my honor to introduce to you our presenter and speaker for this session. Chuck im sorry already ive started off bad. Chuck door is associate dean for Academic Affairs and professor of education at Bowden College, after receiving his bachelor of arts from George Washington university chuck spent first ten years of his career as a High School Social studies teacher in maryland, california, and or very interestingly to me casablanca morocco received masters degree from stanford, university i think ive heard it have a harvard wannabe on west coast but im still looking that up and ph. D. From university of california berkeley. In 2012, 13 received a u. S. State to t
Good afternoon. There are lots of seats in the front and im told one of the seats as tickets underneath it so you need to sit in the front to get the tickets. [laughter] [inaudible conversations] for those that are faculty, give everybody a couple more minutes to just grab a seat. Im the executive dean for administration and finance at the school of engineering and Applied Sciences. In my six years on the institutes of Higher Education is my pleasure to welcome you to this afternoons session and its my honor to introduce the presenter and speaker. Already i started off bad. Associate dean for Academic Affairs and professor ofca education. After receiving his bachelor of arts, he spent the first ten years of his career as a High School Social studies teacher in maryland, california and casablanca morocco. His phd from the university of california berkeley in 2012 and 2013 he received a u. S. State Department Fulbright award to the university of cape town south africa and shes published
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
And jessica. Favorite pundits who spun of they left me out, too. Story the way they wanted it. We wouldnt have money if it werent for our tax dollars. All right. Kennedy hes the head of lets move on. The House Judiciary Committee. President trump again pushing back on a New York Times melissa i did read the report that down played the deal with mexico. Report. What part of it and there do you the times is reporting mexico think if you read it out loud had already agreed to many would change Public Opinion or aspects of the deal suggesting that the president is falsely would make it seem as if the claiming credit. President needs to be impeached . President trump taking issue with that. President trump the New York Times wrote a story like i already made the deal. Jessica ten separate incidences that could qualify as it is nonsense. We talked about it for months obstruction of justice, as well as the guidelines of how he and months and months and they wasnt going to be taking that would