“Transfer pricing is the corporate equivalent of the secret offshore accounts of individual tax dodgers.”
~ Senator Carl Levin (D-MI), in a less colorful manner.
Related Posts
Memo to the World: You’ll Just Have to Live with the Big 4 Whether You Like It or Not
- Caleb Newquist
- June 4, 2010
“[T]here are plenty of industries where there are four big players. The world just has to get on with it.”
~ John Griffith-Jones, chairman of KPMG in the UK and co-chairman in Europe on the concern that four accounting major accounting firms are not enough.
Quote of the Day: That Profit Really Put Patrick Byrne in a Good Mood | 04.01.10
- Caleb Newquist
- April 2, 2010
“Dear Sam, I apologize. Sincerely, Patrick”
~ Patrick Byrne, finally responding to Sam Antar.
In bizarro world.
FASB Fair Value Proposal Brings the Hate
- Caleb Newquist
- June 17, 2010
“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”
~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.