Gary McGill
Director/Professor/Senior Associate Dean | University of Florida
Gainesville, FL, UNITED STATES
Gary McGill is an expert in federal income taxes, international taxes and accounting for income taxes.
Biography
Gary McGill is an expert in federal income taxes, international taxes and accounting for income taxes. He is the senior associate dean of the Warrington College of Business, the director of the Fisher School of Accounting, J. Roy Duggan professor and the director of the Hough Graduate School of Business.
Areas of Expertise (6)
Taxation
Business
Accounting
International Tax
Federal Income Tax
Accounting for Income Taxes
Media Appearances (3)
If you pay no taxes, will you end up with more money under GOP tax plan?
PolitiFact online
2017-11-29
Lower-income Americans could get another hit from the Republican tax proposal if budget cuts are needed to offset the loss of federal tax revenue for programs that help the poor, said Gary McGill, director of the Fisher School of Accounting at the University of Florida.
How would the GOP tax bills affect families strapped from battling cancer?
PolitiFact online
2017-11-13
The ad’s claim is "a very questionable statement," said Gary McGill, director of the Fisher School of Accounting at the University of Florida’s Warrington College of Business. "Medical expenses could have wiped out most of their income so that they would have owed no income tax, especially if she lost her job too. So the scenario in the ad is not plausible. It doesn’t pass the smell test."
PolitiFact: Nancy Pelosi on target about what Donald Trump might save under his tax plan
Tampa Bay Times online
2017-05-04
"We don't really have enough detail from Trump's tax returns to properly analyze the impact of reforms," said Gary McGill, director of the Fisher School of Accounting at the University of Florida. "And even the reform plan is not so much a plan but a high level of general objectives."
Articles (3)
Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing
Real Estate EconomicsBrent W. Ambrose, et al.
2022-02-03
The federal government has long promoted homeownership through various provisions in the US income tax code. The Tax Cuts and Jobs Act of 2017 (TCJA) renewed interest and debate about the treatment of housing via the tax code, particularly with respect to the mortgage interest deduction and the limitation on deductions for state and local taxes. We document the extent that the TCJA magnifies the long-standing unequal treatment of debt and equity financing of homeownership in the tax code.
Evolution in the Tax Code: (Almost) the End of Homeowner Tax Savings?
SSRNBrent W. Ambrose, et al.
2021-04-19
The federal government has long promoted homeownership through various provisions in the U.S. income tax code. The Tax Cuts and Jobs Act of 2017 (TCJA) renewed interest and debate about the treatment of housing via the tax code, particularly with respect to the mortgage interest deduction and the limitation on deductions for state and local taxes. We document the extent that the TCJA magnifies the long-standing anti-mortgage debt bias in the tax code.
The geometry of international tax planning after the Tax Cuts and Jobs Act: A riff on circles, squares, and triangles
National Tax JournalMichael P Donohoe, et al.
2019-05-16
The enactment of the so-called Tax Cuts and Jobs Act of 2017 (TCJA) significantly changes the landscape for tax planning and compliance by U.S. multinational corporations (MNCs). The promised shift to a more territorial system actually results in a greater likelihood that more of a U.S. MNC’s foreign income is subject to current U.S. taxation. The TCJA complicates effective tax planning for such firms, forcing them to reexamine their existing global structures and financial arrangements.
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