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Douglas Shackelford - UNC-Chapel Hill. Chapel Hill, NC, US

Douglas Shackelford Douglas Shackelford

Dean and Meade H. Willis Distinguished Professor of Taxation, UNC Kenan-Flagler Business School | UNC-Chapel Hill

Chapel Hill, NC, UNITED STATES

Doug Shackelford is a seasoned academic leader, business education innovator and internationally recognized tax scholar.

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Biography

Douglas A. Shackelford is the dean of UNC Kenan-Flagler. He is a seasoned academic leader, business education innovator and internationally recognized scholar.

An award-winning researcher and teacher, his work focuses on taxes and business strategy. His current areas of interest include the effects of shareholder taxes on equity prices, taxation of multinationals and disclosure of corporate tax information.

Dr. Shackelford served as the first associate dean of MBA@UNC, the innovative online MBA program, from 2010 until he became dean on Feb. 1, 2014. He served as senior associate dean for academic affairs from 2003-2007, and associate dean of the Master of Accounting Program from 1998-2002.

He is the former director of the UNC Tax Center, which he founded in 2001.

Dr. Shackelford is a research associate at the National Bureau of Economic Research (NBER) in Cambridge, Mass. He has published widely in accounting, economics, finance and law journals.

He has held visiting faculty positions at Stanford University, Universiteit Maastricht in the Netherlands and Oxford University.

A CPA, he was a senior tax consultant with Arthur Andersen in Boston and Greensboro from 1981-85.

Industry Expertise (3)

Education/Learning Research Accounting

Areas of Expertise (6)

Accounting Taxation and Business International Taxation Online Education Business Education Tax Strategy

Accomplishments (3)

Associate Dean, MBA@UNC (professional)

Dr. Shackelford served as the first associate dean of MBA@UNC, the innovative online MBA program, from
2010 until he became dean on Feb. 1, 2014.

UNC Tax Center, Founder and Former Director (professional)

2016-01-26

UNC Kenan-Flagler established the UNC Tax Center to build bridges between tax scholars, policymakers and practitioners. Although interested in similar issues, the three groups typically have limited contact with each other. The UNC Tax Center has increased their interactions through such events as its annual tax symposium in Chapel Hill as well as joint conferences with the Brookings Institution, American Tax Policy Institute, National Bureau of Economics Research and National Tax Association.

Associate Dean, Master of Accounting Program (professional)

The Master of Accounting Program is celebrating its 30th year. Born from an Accounting concentration within the undergraduate business degree, the Kenan-Flagler MAC program has been remarkably successful in turning out highly qualified graduates who, in turn, have helped shape the accounting profession.

Education (2)

University of Michigan: Ph.D., Business Administration 1990

University of North Carolina at Chapel Hill: B.S.B.A., Business Administration 1980

Affiliations (3)

  • Oxford University Said Business School Centre for Business Taxation International Research Fellow
  • National Bureau of Economic Research
  • Certified Public Accountant North Carolina

Media Appearances (3)

Meet the dean

Financial Times  online

2015-06-26

Dean Shackelford says there is a need for “global competency” among students and curriculum.

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Career goals determine students' course format options

Financial Times  tv

2015-06-26

Doug Shackelford discusses the use of technology to enhance learning and access to a Carolina education.

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How a Mega Co. Can Join in on Tax-Cutting Deals: Real M&A

Bloomberg Business  online

2014-07-10

Doug Shackelford lists the risks of large U.S. companies utilizing full-on inversion.

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Event Appearances (4)

White House Council on Women and Girls and the Council of Economic Advisers

Expanding Opportunities for Women in Business  White House, Washington, D.C.

Testimony before the U.S. Senate Committee on Finance

“C, K, or S: Exploring the Alphabet Soup of Small Business Choices in Advance of Tax Reform”  Washington, D.C.

Testimony before the U.S. House of Representatives Committee on Ways and Means

Subcommittee on Select Revenue Measures, “Corporate Tax Reform"  Washington, D.C.

Testimony before the U.S. House of Representatives Committee on Ways and Means

“President’s Economic Growth Proposals”  Washington, D.C.

Articles (6)

The Effect of Tax and Nontax Country Characteristics on the Global Equity Supply Chains of U.S. Multinationals Journal of Accounting and Economics

2015-04-01

The research examines the global equity supply chains of U.S. multinationals to explore how tax and non-tax country characteristics affect whether firms use foreign holding companies and where they locate them.

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The Impact of Headquarter and Subsidiary Locations on Multinationals' Effective Tax Rates National Bureau of Economic Research

The researchers examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006-11. They find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the U.S., and some high-tax European countries continue to face substantially higher worldwide taxes than their counterparts in havens and other less heavily taxed locations.

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Graham, John R., Jana“Accounting for Income Taxes: Primer, Extant Research, and Future Directions Foundations and Trends in Finance

This monograph comprehensively reviews the Accounting for Income Taxes (AFIT) literature. It identifies four distinctive aspects of AFIT, covers the rules surrounding AFIT and provide a discussion of the descriptive studies related to AFIT.

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Location, Location, Location UNC Kenan-Flagler

2012-01-13

Dean Shackelford determines the actual magnitude of taxes on American businesses.

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Taxation and the Financial Sector National Tax Journal

In the aftermath of the financial crisis, a variety of taxes on financial institutions have been proposed or enacted. This paper reviews the justifications for special taxes on financial institutions, and addresses what kinds of taxes are most likely to achieve the various stated objectives, which often are in conflict. It then critically assesses the principal taxes that have been proposed or enacted to date: financial transactions taxes, bonus taxes and taxes on firms in the financial sector based on size, bank liabilities or excess profits.

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Capital Gains Taxes and Asset Prices: Capitalization or Lock-In? Journal of Finance

This paper demonstrates that the equilibrium impact of capital gains taxes reflects both the capitalization effect (i.e., capital gains taxes decrease demand) and the lock-in effect (i.e., capital gains taxes decrease supply). Depending on time periods and stock characteristics, either effect might dominate. Using the Taxpayer Relief Act of 1997 as our event, we find evidence supporting a dominant capitalization effect in the week following news that sharply increased the probability of a reduction in the capital gains tax rate and a dominant lock-in effect in the week after the rate reduction became effective.

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