Spring Happenings

Dean's Reflections

The impressions that many people have of tax discussions are that they are very technical and unpleasant. While the topics might not be embraced warmly, they are very important to each of us. Tax concepts and policy go well beyond the paying of our personal taxes. They affect people and companies all over, and are often at the forefront of business decisions such as the manner of expanding companies and locating them.

Our nation’s tax policy needs to be addressed. Most business leaders agree that the U.S. economy will not be able to grow to new heights unless we modernize our tax system. Standing in the way are ideological differences between the parties that threaten a compromise on federal tax code that has not had meaningful overhaul in almost 30 years. One side seeks to close tax loopholes to reduce the federal deficit, while the other side believes new revenue should be used to reduce tax rates for individuals. Given these barriers, can we achieve meaningful change? Will it be possible to accomplish revenue-neutral corporate tax reform while balancing our national budget with common sense revenue-positive tax reform elsewhere? Can we achieve something fair for personal taxes and small businesses, as well? These are key issues that must be addressed and I hope that the difficulties facing this Congress that were on display during the sequester debate can be overcome.

This month’s feature explores the changes and key extensions to the current tax code for 2013 and what our featured experts believe might be possible to reform moving ahead. Walter Doggett of E*TRADE and David Einhorn of KPMG lend their expertise from highly respected tax and financial institutions to the Sellinger School’s discussion. I am glad the Sellinger School continues to enjoy relationships of this caliber. Having our students learn and interact with top individuals in various business disciplines ensures that they will receive a rigorous and well-rounded education at Loyola.

Speaking of our students and education, accolades for our business programs continue to come in. This past month Businessweek once again recognized Sellinger as one of the top undergraduate business schools in the nation. Our high ranking this year was largely determined by student assessments, so it is especially rewarding to all of us in Sellinger to have them recognize the value that a Loyola education provides. It is a testament to the rigor of our programs, our facilities, and most importantly our faculty, who also earned an “A” rating in the survey. Additionally on the graduate level, both the accounting and finance programs within our MBA program were recently ranked in the top 30 nationally by U.S. News & World Report. Loyola is the only business school in Maryland listed on this year’s undergraduate Businessweek report and these academic specialty lists by U.S News, further proof that we continue to be a strong leader for business education in our region.

Lastly, some outstanding speakers are coming to Loyola this month. The University welcomed Tony Blair, the former prime minister of Great Britain and Northern Ireland, for the inaugural Hanway Lecture in Global Studies on Tuesday, April 9. Needless to say, Mr. Blair’s lecture was enthusiastically received on campus. On April 11, Under Armour CIO Jody Giles will receive the Lattanze Executive of the Year award. This is a great event each year that our Lattanze Center for Information Value organizes to recognize leaders for their strategic application of information technology. Later this month, Norman Sedgely, Ph.D., the Sellinger France-Merrick Professor, has invited David Colander, Ph.D., to our Baltimore campus to speak on the financial crisis and its impact on the U.S. economy. Dr. Colander will be speaking on Tuesday, April 16, at 6:30 p.m. Finally, Domonique Foxworth, a former member of the Baltimore Ravens and former president of the National Football League Players Association, will be presenting on leadership. This event is sponsored by the Loyola Marketing Association and is scheduled for April 18 at 6:30 p.m. If you would like to attend the Colander lecture or Foxworth presentation RSVP to sellingerdean@loyola.edu.

Good luck with your taxes and enjoy the long awaited arrival of spring.