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Accounting News Roundup: Tax Cut Debate Revisited; PwC London Staff to Pilot Electric Cars; Short Lifespan for Bank CFOs | 04.18.11

Greenspan Says U.S. Should Let Bush-Era Tax Cuts Expire [Bloomberg]
Former Federal Reserve Chairman Alan Greenspan said tax cuts put in place by former U.S. President George W. Bush should be allowed to expire and the U.S. should return to tax rates that were in effect under former President Bill Clinton to help address the budget deficit. We should “allow the Bush tax cuts to expire,” Greenspan said on NBC’s “Meet the Press” today, calling the economic crisis “imminent and dire.” We should “put the rates back to where they were during the Clinton administration,” he said.

$1.1 Billion Error in Australian MNC? Yes, Says Mum PwC Partner [inAudit]
In the latest development concerning the debt classification error in Australian MNC Centro Properties Group, a PricewaterhouseCoopers partner admitted he was silent on the matter on the belief that he needed not to say again what the firm’s accounting manager has already raised at a “high level.”

Pricewaterhouse-Coopers (PWC) to pilot electric cars with London-based staff [EB]
PricewaterhouseCoopers (PWC) will pilot electric cars with London-based employees as part of its sustainable travel strategy. The electric cars, which will be made available at the firm’s locations in Southwark and Westminster, can be charged onsite and through the Hertz and Source London charging network.

Prom Night Tax Tip [Tax Update Blog]
“Textbooks” has a funny definition in Iowa.

Top 10 tax tips from CPAs, also known as Letterman’s annual spoofing of taxes [DMWT]
6. H. Block, good guy. R.Block, complete greaseball.

PwC: U.S. Companies Pay World’s 6th-Highest Effective Tax Rate [TaxProf Blog]
However some people are calling this study “extraordinarily disingenuous.”

ANOTHER ONE: Chili’s Serves Alcoholic Mudslide To A Four-Year-Old [BI]
Maybe these casual dining restaurants are too casual.

Where Have All the Bank C.F.O.’s Gone? [DealBook]
CFOs seems to be a bit of a rest stop at some of the world’s largest banks.

Rep. Jesse Jackson Jr. Blames iPad For American Unemployment [HuffPo]
On Friday, Congressman Jesse Jackson Jr. (D-IL) addressed the United States’s current unemployment crisis and claimed the iPad was “probably responsible for eliminating thousands of American jobs.” Jackson, himself an iPad owner, expanded on his statement by pointing to the recent bankruptcy of Borders Books. “Why do you need to go to Borders anymore? Why do you need to go to Barnes and Noble? Just buy an iPad and download your book, download your newspaper, download your magazine,” the Congressman said.

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