Michael Knoll

In the Media: Michael Knoll

Professor Michael Knoll disucsses implications of a settlement bewteen the IRS and UBS, which he says will entirely undermine a key component of Swiss banks' mystique. (8/10/2009). Marketplace.
R. Allen Stanford, accused of orchestrating a $9.2 billion investment fraud scheme, now has the government joining the line of people trying to retrieve money from him. "The IRS will get paid first," before investors, said tax expert and Penn Law Professor Michael Knoll. "At least out of money that can be reached within the United States." (CNN) (3/18/2009).
With the tax changes proposed by President Obama, "A number of people have assumed private equity would restructure how they do deals,” University of Pennsylvania law Professor Michael Knoll said (2/26/2009). Wall Street Journal.
Tax lawyers are urging private- equity and hedge-fund clients to restructure their partnerships so they can sidestep the higher taxes that President-elect Obama has vowed to impose on their profits. No matter the obstacles, the firms will try to find a way around higher taxes, said Michael Knoll, a University of Pennsylvania law professor and expert on the issue. “If Congress passes a bill changing the tax treatment of carried interest, the issue will not end there,” said Knoll. “There is simply too much money at stake.” (12/23/2008). Bloomberg.
A story about the challenges facing President-elect Barack Obama reports: "With the economy likely in recession, raising tax rates — even for the wealthiest Americans — isn't a good idea, says Michael Knoll, a professor of law at the University of Pennsylvania Law School." (11/6/2008). USA Today.
Professor Michael Knoll’s study is cited in a discussion about the proposed changes in the private equity tax rate (9/12/2007). The Wall Street Journal .
Professor Michael Knoll's study may be the first comprehensive, nonpartisan mathematical analysis of the fiscal effects of increasing taxes on so-called carried interest," according to Bloomberg (8/21/2007). Article.
With GlaxoSmithKline's billion dollar transfer price settlement to the IRS, Professor Michael Knoll comments that other companies will now "try to figure out their own litigation strategy." Philadelphia Inquirer. (9/12/2006). Article.
Penn Law announces seven new chair appointments: Matthew D. Adler, Leon Meltzer Professor of Law; Howard F. Chang, Earle Hepburn Professor of Law; Cary Coglianese, Edward B. Shils Professor of Law and Professor of Political Science; Jacques deLisle, Stephen Cozen Professor of Law; Sarah Barringer Gordon, Arlin M. Adams Professor of Constitutional Law and Professor of History; Michael Knoll, Theodore K. Warner Professor of Law and Professor of Real Estate; and Amy Wax, Robert Mundheim Professor of Law. (7/5/2006).

In the Media: Michael Knoll

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