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September 22, 2023

Accounting News Roundup: Grant Thornton Global CEO Gets Another Turn; (Rich) Florida Man Envies Peers’ Tax Treatment; Undercover at Liberty Tax | 03.11.14

Ed Nusbaum appointed to second term as global CEO of Grant Thornton [GT]
Get excited; Ed is. "“I am honoured and look forward to working alongside our 38,000 people in 120 countries in our continued mission to provide quality services, thought leadership in the profession, and help our clients and people unlock their potential for growth."

IRS’s Lerner Under Scrutiny as Issa Builds Contempt Case [Bloomberg]
The Oversight Committee has written a report that will undoutbedly drag this out until mid-November: "Lois Lerner, who oversaw the U.S. Internal Revenue Service’s scrutiny of Tea Party groups, was looking for someone from every branch of government to help resolve the issue that eventually cost her job. In e-mails being released today by a congressional committee, Lerner wondered why Congress wasn’t getting more criticism, hoped that the Federal Election Commission would 'save the day' and wrote that political nonprofit groups 'itching for a constitutional challenge' might file a court case that leads the IRS to accelerate the release of specific information about groups denied tax-exempt status."

Her face looks like he just tried telling her a Polack joke.

Miami Dolphins owner wants to swap $4 million tax bill for stadium renovations [MH]
Florida man feeling left out: "The Miami Dolphins want to stop paying property taxes for Sun Life Stadium in exchange for privately funding a $350 million renovation, a deal that would put South Florida in the running again for Super Bowls but also endanger about $3.8 million that funds schools, libraries and other government services, according to people familiar with the talks. Miami-Dade Mayor Carlos Gimenez met with Dolphins owner Stephen Ross about two weeks ago, and Gimenez said he wants the team to find a way for the arrangement to not dent the budgets of the school board or Miami Gardens, where Sun Life Stadium is the city’s top taxpayer. Under the proposal, Sun Life would revert to county ownership and be free of property taxes, in the same way that the county-owned homes of the Miami Marlins and the Miami Heat are government facilities and exempt from taxation."

Rubio tax proposal breaks from Camp plan [The Hill]
Accelerated depreciation for everyone! "
Sen. Marco Rubio’s ideas for overhauling the tax code, which he previewed on Monday, would contrast sharply with the plan from the House’s top tax writer, Rep. Dave Camp (R-Mich.). Rubio said that legislation he’s preparing with Sen. Mike Lee (R-Utah) would allow companies to 'take a full and immediate deduction for all investments.' "

Deep Undercover at Liberty Tax [Thriveal]
Greg Kyte wanted the Liberty Tax
 experience. And to wear the Statue of Liberty costume.
FBI: Facebook Selfie Sunk Bank Robbery Suspect [TSG]
When you're new to Facebook, it's a good idea to famaliarize a bit before taking selfies with an uzi: "
Investigators allege that Jules Bahler, 21, robbed three Michigan banks over an eight-day period ending last Wednesday. During the first two heists–at banks in Pontiac–Bahler passed a note to a teller and demanded money. On March 5, Bahler walked into a Chemical Bank branch in Bay City and 'displayed what appeared to be a black sub machine gun and demanded money,' according to an affidavit sworn by FBI Agent Sean Callaghan. After a teller gave Bahler $7000, he fled the bank. The prior Pontiac robberies, Callaghan noted, netted Bahler a combined $8300. A police sergeant Thursday pointed the FBI to Bahler’s Facebook page, which included photos of him posing with 'what appeared to be a sub machine gun and wearing clothes matching those used in the aforementioned bank robberies,' reported Callaghan. […] Bahler, a Brooklyn native who uses the online handle 'King Romeo,' captioned the image, 'Bought my first house And chopper today..lifes great.' Upon spotting the image, a friend of Bahler’s cautioned him, 'U tripping brotha I wouldn't show that shit off like that cops be watching this shit brotha.' "


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