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Accounting News Roundup: The Case Against the Corporate Income Tax; Deloitte Loves Nevada; CEOs and Colorful Language | 07.17.14

We Don't Need a Corporate Income Tax [Bloomberg View]
Megan McArdle has a plan: "[T]here is no such thing as a fair, simple corporate tax code that can’t be gamed. And the harder we try to squeeze them for each extra dime, the harder — and more expensively — they will resist. So here’s my proposal: Let’s not try. Let’s eliminate the corporate income tax, or at least lower the rate so far that they won’t spend so much time and energy trying to avoid it. […] Eliminate the corporate income tax and take the money from people. That’s what you’re doing anyway, so do it in a simpler, fairer and more progressive way, by raising income taxes on the wealthy and taxing capital income (dividends plus capital gains) more like ordinary income."

When One Pay Raise a Year Isn't Enough [WSJ]
Think twice before going down this road: "As companies try to retain top employees and hit growth targets, some are ditching the annual salary review and doling out raises and bonuses several times a year. The practice can be risky, compensation experts and executives say, since workers who respond well at first could grow unhappy if the rewards slow down."

ICYMI: Life at Deloitte includes bitching about tourists:

Nevada’s $16 million no-bid project with Deloitte reveals firm’s growing influence in health care [LVS]
In total, Deloitte has won $45 million in contracts related to Nevada's healthcare exchange.

Graphic Language: The Curse of the CEO [Bloomberg]
Fun with words!

Taxpayer Advocate Wants Exam Added to IRS Voluntary Tax Preparer Program [AWEB]
The AICPA still won't stand for it.

Nestle Apologizes For 'Penis' Shape On Candy Bar [HP]
Man complains about candy bar with a penis on it. Eats it anyway.

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