Please ensure Javascript is enabled for purposes of website accessibility

Footnotes: Failure All Around | 07.09.12

IRS: Don't Forget Tax Credit for Day Camp [AT]

What The SEC And PCAOB Fail To Acknowledge About Chinese Fraud [RTA]

SEC Shuts Down IFRS Decision Time Line [CW]

So It Begins… Tony Nitti: "It’s a cheeky bit of strategy by the President.  By backing off his requirement that any lower and middle class extensions be permanent, Obama is attempting to show the voting public that he’s willing to work with his Republican adversaries to come to an agreement. Should the Republican party not be willing to make its own concessions — either real or largely illusory, as the President’s may well be — in order to reach an agreement to extend the cuts, they risk alienating the very lower and middle class voters who may well decide the upcoming election." [Double Taxation]

Obama Proposes Nothing Radical on Taxes. Too Bad. [TaxVox]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

dog with pink heart glasses

Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

There’s a lot happening this week. Which YAY because hooooo boy can it get boring around here when there isn’t. First things first, check out what the AICPA is working on and when you’ve had a chance to review their idea, reach out with your feedback if you want. Comments are closed on Footnotes because […]

sad black dog

Friday Footnotes: KPMG Client’s Spectacular Failure; PwC Gets Defensive; Kids Doing Taxes | 3.10.23

Some things are happening today. Bank Fail Friday is back! What does Silicon Valley Bank’s collapse mean for the financial system? [The Economist] Two ways. Gradually, then suddenly. That is how Silicon Valley Bank (svb), the 16th-largest lender in America, with about $200bn in assets, went bust. Its financial position deteriorated over several years. But […]