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December 4, 2022

Footnotes: The Lew Guy; E&Y, KPMG Big Audit Client Winners; Where’s the Hate for Tax Subsidies? | 02.27.13

Senate approves Lew as new Treasury chief [Reuters]

E&Y, KPMG Top 2012 for Audit Client Wins [AT]

Shares of Papa John's drop after accounting error The Louisville, Ky., company said in a regulatory filing that it found a material weakness in its internal controls and it is implementing remedial measures including a review of joint venture agreements. The company noted that the "corrected accounting treatment" isn't expected to have a meaningful impact on operating results going forward. [AP]

Private Equity’s Tax-Advantaged Rivals [DealBook]

Cops: Florida Man, 36, Assaulted Teen Relative With Taco Bell Burrito Police allege that Erik Brown, 36, throttled the 16-year-old boy in the face with the burrito during a February 15 domestic dispute at a Port St. Lucie residence. The victim told cops that he was having a “verbal altercation” with his mother and Brown, his brother-in-law, when Brown “asked his mother to bring him the burrito,” according to an arrest affidavit. Brown then allegedly threw the burrito “with force” at the victim, striking the boy in the face with the fast food item. While interviewing the teen, cops noted that he had “burrito cheese, sauce and meat all over his clothing and face.” [TSG]

Happy Birthday to the Kennedy Tax Cuts [TF]

Are We in Danger of a Beer Monopoly? [NYT]

What if the Outrage over Excessive Welfare Extended to the Tax Code? In much public discourse, direct government aid for the poor is easily dismissed by the pejorative “welfare.”  Yet, spending-like subsidies administered through the revenue code provoke far less outrage. This is true even though many of these tax preferences are economically indistinguishable from direct spending and often add far more to the deficit. [TaxVox/TPC]

Why Wal-Mart Should Be Pushing for Socialism [Gawker]

'Marijuana cannon' used to fire drugs over US border seized in Mexico [Guardian]

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