Company type | Limited liability company |
---|---|
Industry | Professional services |
Founded | Emeryville, California (2010) |
Headquarters | Emeryville, California, U.S. |
Area served | Worldwide |
Key people | David Teece (Executive Chairman) David Kaplan (Executive Director) Tri MacDonald (Principal Executive Officer and President) Philip Rowley (Executive Director and Chief Revenue Officer) Dave M. Johnson (Senior Vice President and CFO) Eric Miller (Senior Vice President and General Counsel) [1] |
Services | Expert testimony Litigation and regulatory support Consulting Strategic advice Document and data analytics |
Number of employees | 1,300 (2022) |
Website | www |
Berkeley Research Group, LLC (BRG) is a global consulting firm that helps organizations with assistance in disputes and investigations, corporate finance, and performance improvement and advisory. [2] BRG is headquartered in Emeryville, California, with offices across the United States and in Asia, Australia, Canada, Latin America, the Middle East and the United Kingdom. As of January 2023, it has more than 1,300 employees across more than forty offices. [3]
BRG was co-founded in February 2010 by a group including Dr. David Teece, who has served as its executive chairman. [2] [4]
BRG provides economic, financial, and analytical advice for a range of disciplines:
BRG also advises clients in industry sectors with compliance, business process improvement, and strategy consulting. [2]
In January 2011, the California Institute for Regenerative Medicine (CIRM), a state agency created by voters with Proposition 71, the California Stem Cell Research and Cures Act, released an independent economic impact study authored by BRG professionals. [5] The report showed that the first $1.1 billion in grants created 25,000 job years and $200 million in new tax revenue through 2014. [6] Taxpayer funding generates 2,739 jobs annually. [7]
Special Advisor Dr. Laura D'Andrea Tyson and directors Dr. Kenneth Serwin and Dr. Eric Drabkin performed "The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings," a 2011 economic study commissioned by the New America Foundation. [8] The study assessed the effects of a one-time reduction in the tax rate applied to the repatriation of foreign subsidiary earnings on spending, output, and employment in the U.S. economy. [9] The study found that a temporary reduction to approximately 5.25 percent would lead to a significant increase in repatriations, making $942 billion available for domestic use by U.S. multinational corporations. [9]
In 2013, the same authors published "Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System." [10] Citizens for Tax Justice wrote that the study "flies in the face of overwhelming evidence that today many of these profits are really earned in the U.S. but characterized as 'offshore' in order to obtain existing tax benefits that would be expanded under a territorial system." [11]
In 2022, BRG published several articles: “Estimating the Benefits from Collaboration: The Case of SEMATECH” by David Teece, which was cited in the Economic Report of the President, [12] "ESI Triage Distribution in U.S. Emergency Departments” by Nicholas Chmielewski, which was published in Advanced Emergency Nursing Journal , [13] “International Trade and the Survival of Mammalian and Reptilian Species" by Michael A. Williams et al., which was published in Science Advances [14] , and Assets and Finances: Calculating Intellectual Property Damages, 2022-2023 ed. by Cleve Tyler, Greg Smith, and Deepa Sundararaman, which was published by Reuters. [15]
In 2023, David Ab h r, Neal Brody, Robin Cantor, and Dubravka Tosic published “Emerging Areas of Group and Class Actions Related to ESG Disclosures,” in ICLG Class and Group Actions Laws and Regulations 2023. [16]
BRG Review is a biannual, peer-reviewed journal that presents original research and analysis on topics of interest to audiences including economists, accountants, legal scholars, and industry leaders. [17]
ThinkSet is a digital publication that provides strategic business consulting news and analysis. In addition to articles, it hosts the ThinkSet Podcast, Intelligence That Works, Force Multiplier, and Insights from the Top. [18] [19]
Charles H. Ferguson, author of Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America, criticized Berkeley Research Group for focusing primarily "on helping companies avoid or influence legislation, public debate, regulation, prosecution, class-action lawsuits, antitrust judgments, and taxes." [24]
The Walter A. Haas School of Business is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university in the United States.
Laura D'Andrea Tyson is an American economist and university administrator who is currently a Distinguished Professor of the Graduate School at the Haas School of Business of the University of California, Berkeley and a senior fellow at the Berggruen Institute. She served as the 16th Chair of the White House Council of Economic Advisers from 1993 to 1995 and 2nd Director of the National Economic Council from 1995 to 1996 under President Bill Clinton. Tyson was the first woman to hold each of those posts. She remains the only person to have served in both posts.
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax.
The California Institute for Regenerative Medicine (CIRM) is a state agency that supports research and education in the fields of stem cell and gene therapies. It was created in 2004 after 59% of California voters approved California Proposition 71: the Research and Cures Initiative, which allocated $3 billion to fund stem cell research in California. In 2020 voters approved Proposition 14 that allocated additional funds to CIRM.
In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income tax calculations. Forty-one states, the District of Columbia, and many localities in the United States impose an income tax on individuals. Eight states impose no state income tax, and a ninth, New Hampshire, imposes an individual income tax on dividends and interest income but not other forms of income. Forty-seven states and many localities impose a tax on the income of corporations.
Freada Kapor Klein is an American venture capitalist, social policy researcher and philanthropist. As a partner at Kapor Capital and the Kapor Center for Social Impact, she is known for efforts to diversify the technology workforce through activism and investments. Her 2007 book Giving Notice: Why the Best and the Brightest Leave the Workplace and How You Can Help Them Stay examines the reasons people have for leaving corporate America as well as the human and financial cost.
Proposition 71 of 2004 is a law enacted by California voters to support stem cell research in the state. It was proposed by means of the initiative process and approved in the 2004 state elections on November 2. The Act amended both the Constitution of California and the Health and Safety Code.
Peter Schwartz is an American business executive, futurist, author, and co-founder of the Global Business Network (GBN), a corporate strategy firm, specializing in future-think and scenario planning. In 2011, Schwartz became an executive at Salesforce.com, where his roles include Senior Vice President of Strategic Planning and Chief Futures Officer.
LECG Corporation was an American consulting company based in Emeryville, California. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, conducted economic and financial analyses on disputes and issues, and provided strategic advisory and financial advisory services to clients. In March 2011, the company was liquidated as it was unable to service its debt obligations.
David John Teece is a New Zealand-born US-based organizational economist and the Professor in Global Business and director of the Tusher Center for the Management of Intellectual Capital at the Walter A. Haas School of Business at the University of California, Berkeley.
Roger L. Martin is the former Dean of the Rotman School of Management at the University of Toronto from 1998 to 2013 and an author of several business books. Martin has expanded several important business concepts in use today, including integrative thinking. He has been recognized by several business publications as one of the field's most important thinkers.
Christina Duckworth Romer is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former chair of the Council of Economic Advisers in the Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010.
The Applied Finance Group (AFG) is a global, institutional equity research firm founded in 1995 by Rafael Resendes and Dan Obrycki.
Duane J. Roth was chief executive officer and member of the board of CONNECT. He graduated from Iowa Wesleyan College.
Companies of the United States with untaxed profits deals with those U.S. companies whose offshore subsidiaries earn profits which are retained in foreign countries to defer paying U.S. corporate tax. The profits of United States corporations are subject to a federal corporate tax rate of 21%. In principle, the tax is payable on all profits of corporations, whether earned domestically or abroad. However, overseas subsidiaries of U.S. corporations are entitled to a tax deferral of profits on active income until repatriated to the U.S., and are regarded as untaxed. When repatriated, the corporations are entitled to a foreign tax credit for taxes paid in foreign countries.
Gabriel Zucman is a French economist who is currently an associate professor of public policy and economics at the University of California, Berkeley‘s Goldman School of Public Policy, Chaired Professor at the Paris School of Economics, and Director of the EU Tax Observatory.
The National Economic Research Associates or NERA is an economic consulting firm founded in 1961. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for government authorities, law firms, and corporations.
Repatriation tax avoidance is the legal use of a tax regime within a country in order to repatriate income earned by foreign subsidiaries to a parent corporation while avoiding taxes ordinarily owed to the parent's country on the repatriation of foreign income. Prior to the passage of the Tax Cuts and Jobs Act of 2017, multinational firms based in the United States owed the U.S. government taxes on worldwide income. Companies avoided taxes on the repatriation of income earned abroad through a variety of strategies involving the use of mergers and acquisitions. Three main types of strategies emerged and were given names—the "Killer B", "Deadly D", and "Outbound F"—each of which took advantage of a different area of the Internal Revenue Code to conduct tax-exempt corporate reorganizations.
Laoye Jaiyeola is a Nigerian economist who is former the CEO of the Nigerian Economic Summit Group.
Laura Kray is an American psychologist, professor and the Ned and Carol Spieker Chair in Leadership at the University of California, Berkeley. She is the Faculty Director of the Center for Equity, Gender, and Leadership. Her research looks to debunk myths surrounding the gender paygap.