“It is an important step towards a single global principle-based standard that would make it absolutely clear when revenue is recognised-and why.”
~ Sir David Tweedie is pretty happy with how the converged revenue recognition standard turned out.
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The IRS Did the Exact Opposite of What Chuck Grassley Wanted
- Caleb Newquist
- June 22, 2010
“These changes appear to be limiting the scope of whistleblowers and the type of recoveries that would be eligible for an award. The fewer people eligible for rewards, the fewer people coming forward with information that might check out as tax fraud.”
~ Senator Charles Grassley (R-IA), wants more whistleblowers to get paid.
Dick Durbin Isn’t Buying This Fiscal Commission Report
- Caleb Newquist
- November 11, 2010
“I told them that there are things in there that inspire me, and there are things in there that I hate like the devil hates holy water. I’m not going to vote for this thing.”
~ The Illinois Senator doesn’t like the sales pitch from Erskine Bowles and Alan Simpson.
Spreading the Sacrifice Around
- Caleb Newquist
- November 18, 2010
“Everybody must sacrifice so this quiet killer won’t eat us alive before we have a chance to fix what was our doing.”
~ Former Senate Budget Chairman Pete Domenici who, along with Alice Rivlin, rolled out their fiscal deficit solution today that includes a 6.5% national sales tax.