Why would so many people with ties to Berkshire Hathaway – including Deloitte Touche Tohmatsu's COO Manoj Singh – go to bat for Rajat Gupta? [Jonathan Weil/Bloomberg]
The 10 Most Corrupt Tax Loopholes [VV]
Rep. King says Congress should retroactively kill estate tax if no deal this year King said the issue with the estate tax is the ability of people to give their children businesses or other assets without intrusion from the government. King said minimizing this intrusion helps keep these businesses around longer. King noted that he sold his own construction business to his son, and said if he had died first, that business may not be around today. "If the IRS had confiscated more than half the assets of King Construction, my son would not have had the opportunity to build on his father's life's work," he said. [The Hill]
PCAOB Hears Evidence Favoring Auditor Rotation [CW]
Retaliation Against Whistleblowers Surging The results of the Navex survey shows the importance of training and awareness programs for companies, to ensure the organization’s commitment not to engage in retaliation and to encourage employees to report misconduct, Atkins says. Seventy-five percent of the respondents say the best way to curb retaliatory behavior is through training, and half note that their companies do online training annually for employees and management. [CFO]
The Real Lesson About Capping Itemized Deductions [TaxVox]
Andrew Cuomo did not like that New York was dead last in the TF's State Business Tax Climate Index. NOT. ONE. BIT. [Tax Foundation]
Throwing Out Insiders Won't Fix Corporate Boards [HBR via Felix Salmon]