Las Vegas Sands Can Now Hire A Chinese Auditor [Forbes]
GOP moves away from entitlements and toward tax reform in budget deal [WaPo]
Overview Of The New 3.8% Investment Income Tax, Part 2: Passive Activities [Forbes]
Here are some suggestions the AICPA sent to the House Ways & Means Committee for tax reform. [AICPA]
Tom Coburn wants to take away the NFL, PGA, NHL, and LPGA's tax exempt status. [TP via TaxProf]
Norwalk-based FAF, FASB and GASB undergo rebranding… and no one cares. [The Hour]
Mike Tyson, Who Owes The IRS Millions, Says He Likes Taxes [HuffPo]
A random commenter suggests PwC ditching the Sands might have something to do with this. [Reuters]
The CFTC’s action against PwC probably came as a result of a shocking CME Group announcement late Wednesday: “It now appears that the firm [MF Global] made … transfers of customer segregated funds in a manner that may have been designed to avoid detection.” These transfers, CME Group said, appeared to have taken place after its audit team showed up last week at MF Global to take a look and found everything to be in order. CME Group couldn’t have been hoodwinked like that if PwC had been doing its job all along. You can’t circumvent controls unless there are none or there are holes. It was PwC’s job to review controls and the adequacy of policies and procedures to support them. [