In the same way that Uber and Lyft turn regular cars into taxis, Airbnb has made every house on your street a potential hotel. Thanks to an accounting trick at Airbnb, most of the side income that hosts receive goes unreported to the IRS. Many host families will take this as an invitation to evade taxes on April 15, but Smith School professor Leslie Mostow says they should reconsider.
This week the International Consortium of Investigative Journalists began publishing articles drawing on more than 11 million documents from a Panamanian law firm that show the extent to which the global elite has set up secret bank accounts and shell companies, to stash their assets. A Smith School expert, David P. Weber, helped the journalists make sense of the records.
The Obama administration has finalized a new rule that places tougher restrictions on people managing retirement funds. The rule declares that advisers have a "fiduciary duty" to their clients. That means that after analyzing two potential investments with equivalent returns, advisers will be required by law to tell a client to pick the one with the lowest fees. Read
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Sara Herald, associate director of social entrepreneurship at the Dingman Center for Entrepreneurship, talks about Smith’s involvement in the Do Good Challenge.
The University of Maryland’s Robert H. Smith School of Business hosted the Second Annual Emerging Markets Case Competition, April 1-2, 2016. Through two rounds of presentations and Q&A, the team from the Smith School emerged victorious capturing the event’s $2,500 first prize.