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September 28, 2023

Footnotes: KPMG Revisiting Safeguards; The Corporate Tax Game; IRS Employees Have Been Bad at Something Besides Acting | 04.18.13

KPMG Plans Review Amid Trading Case [WSJ]

The PCAOB has created a list of all the global accounting firm networks and all their affiliate offices and whether or not they've had an inspection report issued. [PCAOB]

This game of deferral is only for the very few and only for the very sophisticated and their very, very sophisticated tax advisers. This is not a game of penny-ante stakes. To play at this table requires serious dough. But the odds are in your favor once you’re in the game. Because the game is fixed. The dealers range from the cowardly OECD to the lobbyists who have tremendous influence over the U.S. corporate tax system. A multinational corporation can avoid paying millions in taxes by parking income in tax havens and through other means. It’s all legal. Let the suckers make up the difference. [Tax Analysts]
24 Current And Former Irs Employees Indicted For Benefits Fraud Thirteen of the current and former IRS employees have been charged federally with making false statements to obtain unemployment insurance payments, food stamps, welfare, and housing vouchers. All thirteen, individually charged in separate indictments, are alleged to have falsely stated that they were unemployed while applying for or recertifying those government benefits. [DOJ]
Audit: IRS work on fraud needs improvement [The Hill]
Accountant accused of stealing $47k intended for taxes [LoHud]
Here's an interactive diagram from the Sunlight Foundation that illustrates tax lobbying in the 112th Congress. [SF via DCJ]
Reuters has George Soros' obituary up on its website. There's just one small problem with that. [Reuters]
DeKalb County police Sgt. Scott Biumi is charged with felony aggravated assault after allegedly pulling a gun on a customer in the drive-thru line of an area McDonald's on April 9. Video of the incident — captured by security cameras at the restaurant — appears to show a man in a business suit draw a gun and point it at a driver at the head of the line. The driver, 18-year-old Ryan Mash, told NBC affiliate WIZ-TV that he had no idea the man was a police officer. According to Mash, the man accused him of "holding up the line," then got out of his car and threatened him by sticking a gun to his neck. "He's like, 'Well, you don't know who you're messing with … there's some crazy people out there.' And that's when he pulled the gun on me, and kept on yelling at me for about thirty more seconds," Mash told the station. [HP]

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