Jeffrey Gramlich

Jeffrey D. Gramlich is Professor of Accounting and L.L. Bean/Lee Surace Endowed Chair at the University of Southern Maine, and Guest Professor at Copenhagen Business School. He joined the University of Southern Maine in July 2003 after two years as visiting professor at the University of Michigan Business School and 13 years as a professor at the University of Hawaii College of Business Administration. He delivers decision-oriented courses in financial accounting and financial statement analysis and valuation. Gramlich organizes the L.L. Bean/Lee Surace Colloquium Series to serve as an interface between current research and Maine business practitioners and students. His research appears in Journal of Accounting & Economics, Journal of Accounting Research, Contemporary Accounting Research, Journal of the American Taxation Association, Journal of Business Finance and Accounting, and Accounting Horizons, among others. His most publicized research documented whistle-blowing assertions that Chevron, Texaco and the Government of Indonesia colluded to defraud U.S. federal and state governments of an estimated $9 billion in tax revenue.

Academic Positions

L.L. Bean/Lee Surace Professor of Accounting, University of Southern Maine, (2003-present). Serve as the initial occupant of the University’s first endowed chair. Hired topromote rigorous research, enhance the development of relationships between theUniversity and the Maine business community, and teach courses in financial statementanalysis and financial accounting.

Guest Professor, Copenhagen Business School, Denmark (June 2006-July 2006; January2006; June 2005-July 2005; January 2005-February 2005; June 2004-July 2004; June2001-July 2001; May 1998-July 1999; May-July 1997; April-July 1996). Collaboratedon research with Danish colleagues and taught financial accounting in the Full-TimeMBA program, financial accounting and financial statement analysis in the B.Sc.-International Business program, and financial accounting in the Summer Universityprogram.

Visiting Professor, University of Michigan Business School, (2001-2003). InstructedMBA and undergraduate courses in financial statement analysis and valuation andinstructing the MBA core financial accounting course.

Professor of Accountancy, College of Business Administration, University of Hawaii -Manoa, (1994-2003). Promotion to Professor received in June 2000. Tenure andpromotion to Associate Professor received in June 1994.

Visiting Associate Professor, Department of Accounting and Auditing, College andGraduate School of Business Administration, University of Texas at Austin (1995-1996).Taught corporate tax to fifth-year students of graduate professional accounting programs.

Teaching and Research Assistant, College of Business Administration,University of Missouri - Columbia, Columbia, Missouri, 1985-1988.

Lecturer, University of Maryland - European Division, Heidelberg, Germany, 1984-1985.

Lecturer, University of Maryland - Asian Division, Tokyo, Japan, 1983-1984.

Teaching Assistant, School of Accountancy, University of Denver, Denver, Colorado,1980-1981.

Education

Ph.D. in Accountancy, 1988University of Missouri - Columbia, Columbia, Missouri

Certified Public Accountant (inactive). Passed all four parts of the May 1980 CPA examand became licensed in Colorado in 1981.

M.Acc. (Master of Accountancy), 1981University of Denver, Denver, ColoradoB.A. in Accounting, 1980

Western State College of Colorado, Gunnison, Colorado

Recent Publications

The McCain and Obama Tax Plans for Individuals

Abstract: Tax proposals offered by Senators John McCain and Barack Obama differ greatly. While Senator McCain aims to reduce the impact of taxes on the economy, Senator Obama wants to use taxes as a means of reaching economic and social goals.

Compared to the existing tax law, the proposals by Senators McCain and Obama cut taxes, with McCain’s plan cutting taxes by an estimated $1.4 trillion more than Obama’s plan over the coming ten years. But more taxpayers will receive tax cuts under Obama than under McCain since most of McCain’s tax cuts would reduce taxes for the very wealthy.

Senator McCain’s plan would generally keep the tax rates in effect in 2008 while Senator Obama’s plan would raise taxes on taxpayers earning more than $250,000 per year. Senator Obama’s plan would provide benefits to low- and middle-income taxpayers, primarily through exemptions and credits for senior citizens, working poor, and families. While the potential for overextended deficits is a larger feature of the McCain plan, increasing complexity is a likely result of the Obama plan.

The economic effects of state corporate tax accounting choices on the state corporate income tax with Sanjay Gupta (Arizona State University), Mary Ann Hofmann (Andrews University) and Jared Moore (Oregon State University). Under revision forNational Tax Journal.

Special purpose vehicles: Empirical evidence on determinants and earnings management with Mei Feng (University of Pittsburgh) and Sanjay Gupta (Arizona State University). Under submission to The Accounting Review.

Are uncontested director elections meaningful? with Paul Fischer (Pennsylvania State University) and Brian Miller (Pennsylvania State University).

Published in refereed journals:

Gramlich, J.D., W. Mayew, and M.L. McAnally, Debt reclassification, earnings persistence, and capital market consequences Journal of Business, Finance & Accounting (2006), pp. 1189-1212.

VanderLinden, D., and J.D. Gramlich, Enhancing Risk-Controlled Returns on Excess Japanese Yen Managerial Finance (2005), vol. 31, 10, pp. 35-47.

Gramlich, J.D., P. Limpaphayom, and S. G. Rhee, Taxes, keiretsu affiliation, and income shifting Journal of Accounting and Economics (2004), vol. 37, pp. 203-228.

Gramlich, J.D., and O. Sørensen, Voluntary management earnings forecasts and discretionary accruals: Evidence from Danish IPOs European Accounting Review (2004), vol. 13, 2, pp. 235-259.

Gramlich, J.D., and J.E. Wheeler, How Chevron, Texaco and the Indonesian government structured transactions to save billions in U.S. income taxes Accounting Horizons (June 2003), pp. 107-122.

Gabrielsen, G., J.D. Gramlich, and T. Plenborg, Managerial ownership, information content of earnings, and discretionary accruals in a non-US setting Journal of Business Finance & Accounting (2002), pp. 967-988.

Gramlich, J.D., M.L. McAnally, and J.K. Thomas, Balance sheet management: The case of short-term obligations reclassified as long-term debt Journal of Accounting Research (2001), pp. 283-295.

Choi, W.W., J.D. Gramlich, and J.K. Thomas, Potential errors in detection of earnings management: Reexamining studies investigating the AMT of 1986 Contemporary Accounting Research (2001), pp. 571-613.

External links

* [http://www.usm.maine.edu/~gramlich/home/gramlichvita2-25-07.pdf Curriculum Vitae]
* [http://knol.google.com/k/jeffrey-gramlich/the-mccain-and-obama-tax-plans-for/2k7f943jjgete/3# The McCain and Obama Tax Plans for Individuals]
* [http://www.electiontaxes.com Free, online tool to help individual taxpayers understand how their income taxes would vary under each presidential candidate’s plan]