hero image
Gary McGill - University of Florida. Gainesville, FL, US

Gary McGill 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.

Industry Expertise (3)

Business Services

Accounting

Banking

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.

view more

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."

view more

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."

view more

Social

Articles (3)

Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing

Real Estate Economics

Brent 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.

view more

Evolution in the Tax Code: (Almost) the End of Homeowner Tax Savings?

SSRN

Brent 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.

view more

The geometry of international tax planning after the Tax Cuts and Jobs Act: A riff on circles, squares, and triangles

National Tax Journal

Michael 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.

view more

Media

Publications:

Documents:

Photos:

Videos:

Associate Dean Gary McGill | Dear Warrington Grads

Audio/Podcasts:

Languages (1)

  • English