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Accounting News Roundup: Demand for Consultants is Ridiculous; The New Inversion; Just Leave Already | 09.29.14

Chicago-area accounting firm to be acquired [Crain's]
The BKD merger is on.

This is the hottest job sector in Chicago [Crain's]
Her look, more news out of Chicago: "Chicago headcount at the Big Four accounting firms leapt by as much as 13 percent for the year ended in June and by bigger percentages at some smaller accounting firms. Though growth is across the board—auditing, tax and consulting—demand for consultants in those firms is “ridiculous,” says Ron Watkins, assistant dean of the U of I's College of Business.

Fed Questions Bank Maneuver to Reduce Hedge Funds' Dividend Taxes [WSJ]
Dividend arbitrage is the new inversion.

In Tax Inquiry Involving Apple and Starbucks, E.U. Pushes Forward [NYT]
“This investigation shows it’s not just business as usual for the commission,” said Andrea Biondi, director of the Center for European Law at King’s College London. “It could have major repercussions outside Europe, particularly for American companies.”

Invent A Church, Skip Taxes, Enrage IRS, Go To Jail [Forbes]
This happened in a town called Pass Christian: "The name seems fitting for a tax case about a church the feds say is pure tax scam. A Pass Christian physician named Timothy Dale Jackson was found guilty of four counts of felony tax evasion and one of obstruction of due administration of the internal revenue laws."

Kicking the Facebook Habit [NYT]
By writing an op-ed in NYT about it.