Accounting News Roundup: Chinese Investors Say ‘Meh’ to Accounting Scandals; Cat Lady Beats IRS; A $90 Million Mistake Will Get You Fired | 06.13.11
Richest Americans Get $1.4 Million Tax Cut in Pawlenty Plan [Bloomberg]
The top 0.1 percent of U.S. taxpayers would save an average of $1.4 million in taxes under the economic plan of Republican presidential candidate Tim Pawlenty, according to an independent analysis. Pawlenty’s $11.6 trillion tax-cut plan, which reduces rates on income, capital gains, interest, estates and dividends, is almost three times larger than the proposals endorsed by House Republicans.
Chinese investors shrug off U.S. accounting scandal fallout [