Forget Going Public, U.S. Companies Want to Get Bought [WSJ]
“The event of the IPO now is just not exciting,” says a guy.
Four KPMG partners arrested in tax evasion investigation [Accountancy Age]
Rumors must be swirling around the Belfast office, where the "chairman" who leads the audit and transaction services team and the head of tax are among those arrested for alleged tax evasion. Then there's the fact that, "all four men are directors in a property investment company called JEAP Ltd, which sustained significant losses when the property market crashed in 2008," which is eyebrow-raising but not necessarily criminal.
Deutsche Bank created complex tax avoidance strategies [FT]
There are three things certain in life: death, taxes and tax avoidance strategies. DB apparently came up with some new ideas for AB InBev, Cargill and some others but "never executed" them. That has to be disappointing if you fancy yourself a (wo)man of international tax intrigue.
In other news:
- FYI: "The CFO job is not just sitting in the back office with the accounting folks."
- How to Send a Fax from Your Smartphone [Lifehacker]
- Chinese accounting standards and IFRS [Paul Gillis]
- Don’t bother depreciating things up to $2,500 [Joe Kristan]
- Are you allowed to have action figures on your desk at work? [r/accounting]