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Valeant and the VIE [China Accounting Blog]
Valeant Shows the Perils of Fantasy Numbers [NYT]
For employees expected to be shunned because of a very saddened and perplexed state.
— Dark Accounting (@DarkAccounting) October 30, 2015
Would Speaker Ryan Boost the Chances for Tax Reform? Not Until 2018 [TaxVox]
"Next year, we get out to the client site for the audit. Client has a new controller running things. He tells us “Oh, I had to make a huge adjustment to deferred rent when I started–I can’t believe you guys didn’t catch that it was all wrong." [ADB]
Experienced Hire – Negotiating with B4 [Open Items]
Has ‘Diversity’ Lost Its Meaning? [NYT]
"Ernst & Young LLP had not shown that the FBI had marked its bid for an accounting and auditing services contract more harshly than that of rival PricewaterhouseCoopers', the U.S. Government Accountability Office said in a decision made public Wednesday, denying EY’s protest." [Law360]
IRS Commissioner Koskinen Impeachment Trial Would Be Historic [Forbes]
Rihanna releases NSFW footage from 'Bitch Better Have My Money' music video [EW, Earlier]
Condom shares fall after China abandons one-child policy [The Guardian]
They want to replace a mildly progressive tax with a decidedly regressive tax and make the argument about fairness? You can have an articulate argument about whether income taxes deter economic development. You can have an argument about whether such taxes lead to out migration of people and firms. Heck you can have a philosophical argument about whether society should be able to tax the fruit of your labor (or your trust fund). But you cannot argue with a straight face that replacing an income tax with a broad based sales tax (one that taxes necessities) is fair. That insults people’s intelligence. [