September 26, 2022

Accounting News Roundup: Small Ladies Get Small Sentences; Wal-mart’s Accounting Tricks; Tax Avoidance Problem Solving | 12.11.14

How Wal-Mart Made Its Crumbling China Business Look So Good for So Long [Bloomberg]
After years of heralding China as one of its best markets, Wal-Mart (WMT) in August said its performance there was among the worst in its major countries. A management shake-up and job cuts have followed. Although the reversals seem abrupt, cracks in the foundation of Wal-Mart’s retail business in China have been developing for years, hidden by questionable accounting and unauthorized sales practices, according to employees and internal documents reviewed by Bloomberg.

Utah tax accountant sent to prison for income tax crimes [Salt Lake Tribune]
It wasn't Greg Kyte, we assure you.

Luxembourg tax files: Juncker ‘solved problems’ for Amazon move [The Guardian]
The plot thickens.

Former CPA from Heber City sentenced to federal prison in tax case [Deseret News]

Madoff's Secretary Gets Lighter Sentence Due to Her 'Unusually Small Stature' [Compliance Week]

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