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January 29, 2023

Accounting News Roundup: Apple’s Tricky Thing, PwC’s Oscar Counters, Millennials’ Confidence | 02.01.17

Tricky stuff

CNBC reports that Apple missed the January 3rd deadline to pay $13.9 billion into escrow for back taxes the EU says the company owes Ireland. It’s not for a lack of money, however. Apple has over $246 billion in cash sitting around. No, EU Competition Commissioner Margrethe Vestager admits that forking it over isn’t as simple as cutting a check:

“It’s a tricky thing to do because it’s a large sum so of course you have to figure out how to do that. It’s not as an escrow account in some of the other cases where it might be 25 or 30 million euros … and therefore I do respect that it’s a complicated matter and it may take a little more time.”

In the event that I ever end up on the hook for billions in back taxes, I hope the authorities are as understanding.

Counting gigs

PwC has over three weeks to milk its role as ballot tabulators for the Academy Awards. And since no one over 25 is going to watch the heavy petting of the #BallotBriefcase on Snapchat, it makes sense to pay the Huffington Post an exorbitant amount of money for a blog post about the process. Fun fact: the partners in charge, Brian Cullinan and Martha Ruiz, have to memorize all 24 the winners. All of them! That’s got to be the hardest part of the job right after not being able use the bathroom.

Millennials

Deloitte has done a Millennial survey for six years and hey, look, people born after 1982 aren’t as confident as they used to be:

2016 seemed to have a significant effect on young people, as Deloitte’s sixth annual Millennial Survey, found that young people are less likely to leave their current jobs, are more concerned about purpose in their work, and not optimistic about where their countries are headed as 2017 begins.

I feel like I’ve been hearing about millennials being concerned about the purpose of their work for six years. How is it possible for millennials to be even more concerned about purpose in their work? Will millennials’ concern about the purpose of their work peak once they’ve all been evicted and/or foreclosed on? Where does the concern about the purpose of the work end? Millennial surveys are so stupid.

Previously, on Going Concern…

Rachel Andujar wrote an advice column to someone thinking about starting over. I wrote about EY CEO Mark Weinberger’s statement on the immigration ban.

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