Kellstadt Graduate School of Business

insideKellstadt

insideKellstadt Blog


insideKellstadt Blog

Read inside opinions from faculty and staff at DePaul University and Kellstadt. Check back often for new posts!

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By Nicholas Thomas, Instructor – As my first full academic year on the College of Business faculty comes to a close, I’d like to reflect on how DePaul’s professional development opportunities helped me transition to teaching and generated pride in DePaul.

I offer this examination with two purposes in mind. First, the myriad of professional development opportunities at DePaul made the transition into my first year a highly rewarding experience and I encourage my colleagues to participate in similar opportunities. Like a freshman transitioning to college in their late teens, my first year as a faculty member was, at times, overwhelming. As a new arrival to the DePaul faculty, I had heard stories from my predecessors about what the next decade of my life was going to consist of – teaching, service and research. While I had confidence in my abilities, I was still uncertain how I would transition to the culture at DePaul. The university is well-respected around the world and has high expectations of its faculty and staff.

During my new faculty orientation, I heard that development opportunities existed at DePaul, but at the time, I doubted I would have time or the energy to participate in any of them. Several weeks after getting settled, however, I was intrigued by an email from the DePaul Teaching Commons advertising the Teaching & Learning Certificate Program, a series of workshops designed to improve faculty skills in the classroom. I decided to attend. These workshops were free of charge, were offered at numerous times that fit within faculty members’ complex schedules, and were conducted in environments that mirrored what we provide for our students (modern facilities, passionate instructors, etc.).

As the days of the autumn, winter and spring quarters ticked away, I began to realize that DePaul offered a plethora of other development opportunities. I ended up participating in others at the university level (Ethics Across the Curriculum, DePaul Online Teaching Series) and in the College of Business (Technology Tuesdays). Through these sessions I was able to improve my teaching and service skills while simultaneously building professional relationships with colleagues across the university.

Second, I’d like to publicly show how much I appreciate the other faculty and staff who facilitated these development sessions. Their efforts ensured that I improved professionally and became integrated into the DePaul family. You could tell that all of them, regardless of being faculty or staff, took pride in their role in the development of their DePaul family. They would answer all questions, stay late to continue discussions, and welcome feedback on how their workshops could improve. Each of them is a valuable asset to DePaul, and it makes me proud to be associated with this community.

Nicholas Thomas is an Instructor in the School of Hospitality Leadership at DePaul University.

How Alumni Can Make the Most of Kellstadt Resources

Wednesday, May 16 2012 03:26:52 PM

By The insideKellstadt Team – As new alumni join the Kellstadt community this summer, it is the perfect time for a refresher on resources that benefit DePaul University graduates. Read on for quick tips on DePaul websites that keep you informed and connected.

insideKellstadt.com: This site pulls together resources from throughout the university and the business school.
- The Events tab includes listings from multiple calendars, including College of Commerce departments, the Career Management Center and the Office of Alumni Relations.
- The Connect tab links to business organizations (both student groups and national associations) and volunteer opportunities.

kellstadt.depaul.edu: The Kellstadt Graduate School of Business website puts a range of important details all in one place.
- The Academics tab lists facts about different degree programs, including Alumni Learning for graduates.
- The About tab links to FAQs and important contact information for the school.

mbacmc.depaul.edu: The Kellstadt Career Management Center provides guidance on career tactics.
- The For Alumni tab mentions how to be a mentor and how to hire fellow Kellstadt grads.
- The Step 1 tab leads to online resources and a chance to sign up for E-News, the CMC’s twice-monthly email newsletter.

alumni.depaul.edu: The main page for the Office of Alumni Relations is a portal for all DePaul alumni.
- The Class Notes page lets alumni submit news and updates about their lives.
- The Benefits & Services tab leads to university benefits, alumni discounts, alumni FAQs (including how to get a transcript), and more.

Getting to know all of these DePaul resources will let you better manage your career and stay connected to Kellstadt. If you have questions about the sites or about insideKellstadt, please contact the web team.
By Jay McIntosh, Adjunct Faculty – The maximum corporate income tax rate for 2012 is 35% in the United States. How does that number compare to other large, developed countries? And which measures would give the most complete picture of our rate versus the world?

Germany, the largest economy in Europe, has a corporate tax rate of approximately 16% and the United Kingdom, the second largest economy in Europe, has a maximum corporate tax rate of 25%. Japan, the third largest economy in the world (behind the United States and China) has a maximum rate of approximately 28%. Closer to home, Canada has the lowest rate of all of these countries at 15%.

One does not get a complete story, however, just by looking at the maximum federal rate. In the U.S., for example, many states have corporate income taxes that must be added to the federal tax to determine the effective tax rate. And in Germany, there is a municipal trade tax that can increase the effective rate to over 30%. Also, and this is a complexity that is the core of tax compliance and planning: What is income? Companies in the U.S. generally get more deductions against taxable income than in other countries and that reduces the amount of tax paid, but not the amount recorded as an expense for financial statement purposes. Generally accepted accounting principles require companies to record tax expense based on financial statement income, but companies pay income taxes based on taxable income. One way to increase government revenue without increasing the expense recorded by companies is close the gap between financial statement and taxable income. One could say “Mine the Gap” would be a good slogan for corporate tax reform.

Another point to consider is that taxes in the United States as a percentage of GDP are generally lower than in most of the countries that are members of the Organisation of Economic Co-operation and Development (OECD). Based on 2009 and 2010 statistics provided by the OECD, taxes as a percentage of GDP are 24.8% in the United States, 36.3% in Germany, 35% in the United Kingdom, 31% in Canada and 26.9% in Japan. How can that be the case? One reason is that, although the United States may tax corporate income at a higher rate, it is the only country of this group that does not have a federal tax on consumption. Germany, for example, has a value added tax (VAT) of 19%, Japan has a consumption tax of 5%, the United Kingdom has a VAT of 20%, and Canada has a federal goods and services tax of 5%. Another reason is that total federal, state and local corporate income tax revenue only comprises 6.9% of total taxes collected in the United States, based on 2009 data. That is a surprisingly low number given all the time, money and effort spent on corporate tax compliance and planning.

Jay McIntosh is Adjunct Faculty in the School of Accountancy and Management Information Systems at DePaul University.