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September 24, 2023

Friday Footnotes: KPMG Loves the Ladies; A Bad Payday; Deloitte Comes For PwC | 9.13.09

EY analysis: Audit committees increasing their disclosures to shareholders [Compliance Week] Subscriber only content but I’m sure it’s interesting.

KPMG has 50% women on board [economia] Uh, good job I guess?

Google will pay over $1 billion after French investigation over dodged taxes [The Verge] Google has agreed to pay a nearly $550 million fine to settle an investigation in France over its tax practices, Reuters reports. The company’s European office is headquartered in Dublin, Ireland, and like other companies, it reaps tax benefits from operating in the country. French officials had been probing whether Google failed to report all of its taxable work in France. Along with the €500 million payment, a Google spokesperson said the company will also pay €465 million (about $515,000) in other tax payments.

AI for everyone, including accountants [Accounting Today] Let’s check in on how the job-stealing robots are doing.

Deloitte in ‘striking distance’ of PwC [Australian Financial Review] Deloitte’s CEO Richard Deutsch told the firm’s annual partners’ meeting the big-four consulting company is “within striking distance of” becoming as big as his former firm PwC, while demanding that anyone leaking information should leave the firm if they are unhappy.

Accountant by Day, Rockstar by Night [The Quadrangle] Watch this kid, he could be something.

FBI investigating potential $35M payroll fraud in upstate New York [New York Post] MyPayrollHR abruptly abandoned its offices in Clifton Park, north of Albany, last week and sent its 4,000 clients an automated message that said it was “no longer able to process any further payroll transactions,” according to the Albany Times Union. The message blamed “unforeseen circumstances” and advised companies to “find alternative methods for processing your payrolls.”

How Should We Tax the Rich? [Forbes] Assume, for the sake of argument, that you believe the wealthiest Americans are undertaxed. And you are desperately seeking new revenue to pay for your ambitious domestic spending plans. What would you do?

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