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Footnotes: Stay Classy, KPMG San Diego | 08.08.12

Indigestion for ‘les Riches’ in a Plan for Higher Taxes [NYT]

IRS Workers Discouraged From Finding Fraud, Report Says [WSJ]

Misunderstanding Tax Reform: The Case of The Olympic Tax Elimination Act Senator Rubio and Congressman Schock are correct that these high taxes on Olympic medal winners are symptomatic of our broken code, but they misunderstand the problem and offer the wrong solution. Such ad hoc exemptions to the tax code are precisely the problem. Far from addressing the fact that “our tax code is a complicated and burdensome mess,” Senator Rubio and Congressman Schock offer yet another unjustifiable loophole into the federal income tax code. [Tax Foundation]

Deloitte role comes in for critical review [FT]

What’s Next in the Standard Chartered Case [DealBook]

KPMG San Diego Celebrates 50th Anniversary [KPMG]