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November 27, 2022

Footnotes: CEOs Get Optimistic; Rich People Love New York; Life at Deloitte Is One Long Meeting | 07.23.14

CEOs are mostly optimistic about the future, says KPMG study [KPMG]

Tale of the Tapes: IRS head confirms investigators have found backup tapes in Lerner probe IRS Commissioner John Koskinen, testifying before a House oversight subcommittee, stressed that he does not know "how they found them" or "whether there's anything on them or not." But he said the inspector general's office advised him the investigators are reviewing tapes to see if they contain any "recoverable" material. [Fox]

That poor bastard is still in fucking meetings [Twitter]

Tax Accounting to Be Simplified for Money-Market Funds [CFO Journal]

Actually, rich people don't leave New York due to high taxes [CNBC]

Making corporate tax dodgers patriotic Corporate America’s latest public relations disaster comes under the banner of “tax inversion.” In an inversion, a U.S. company shifts its legal headquarters to a country with a lower tax rate. Just last week, the U.S. drug maker AbbVie agreed to buy a foreign firm, Shire, in part to reduce its corporate tax rate, which is expected to drop from 22 percent to 13 percent. In most inversions, companies keep their headquarters’ physical activities — the people, the buildings — in the United States, as would AbbVie. Still, the practice has understandably provoked a furious backlash. [WaPo]

Ex-Jefferies Executive Litvak Gets Two Years for Fraud [BBW]

SEC Adopts Money Market Fund Reform Rules [SEC]

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