“When the going gets tough, the tough take accounting.”
~ New York Times columnist David Brooks, who says that the weak economy leads many wannabe humanity majors into the arms of the double-entry system.
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BP CFO Explains the Ixnay on the Ividenday
- Caleb Newquist
- June 18, 2010
“It’s an extraordinary thing for a company to do, but it’s an extraordinary thing we’re in.”
~ BP CFO Byron Grote, on the company’s decision to suspend its dividend, on a conference call with investors.
What Happens When Congress Says, “We’ve Got Time. We’ll Get to It”
- Caleb Newquist
- October 16, 2010
“Ever since the tax cuts were enacted in 2001 and 2003, policy makers have known the law would expire at the end of 2010. That ‘drop dead’ date offered an auspicious way to galvanize a systematic effort to reform a tax system that is badly in need of repair. Instead, policy makers pretty much ignored the issue until just before the 2010 Congressional recess, when politically tinged efforts to extend some or all of the tax cuts finally began — a ‘debate’ that was too little, too narrow, and too late.”
~ William G. Gale, Miller Chair at the Brookings Institution and co-director of the Urban-Brookings Tax Policy Center
The IRS Did the Exact Opposite of What Chuck Grassley Wanted
- Caleb Newquist
- June 22, 2010
“These changes appear to be limiting the scope of whistleblowers and the type of recoveries that would be eligible for an award. The fewer people eligible for rewards, the fewer people coming forward with information that might check out as tax fraud.”
~ Senator Charles Grassley (R-IA), wants more whistleblowers to get paid.