Please ensure Javascript is enabled for purposes of website accessibility
December 6, 2022

Memorial Weekend Footnotes: Sands Goes with Deloitte; Fat Joe Blames ‘Fancy Guys in Bow Ties’; Where’s the Marijuana Tax Sweet Spot? | 05.24.13

~ That's it for us! Have a great weekend and we'll see you on Tuesday.

Sands Names Deloitte as Auditor Deloitte & Touche was chosen amid a competitive bidding process. It will be paid more than PwC but under $10 million a year, said a person familiar with the matter. PwC was paid around $5.9 million a year for its services, according to company filings. Most major companies use one of the Big Four accounting firms as their auditor, so when a company like Las Vegas Sands switches, it has limited options—and its choice may be even more constricted because audit firms tend to specialize by industry. Only three of the Big Four firms audit major gambling firms. [WSJ]

Apple Shows It's Time to Abolish Corporate Taxes [Bloomberg]

Jonathan Weil Is Simply Wrong Here About Apple's Taxes [Forbes]

Fat Joe Blames His Tax Evasion Problems On ‘Fancy Guys In Bow Ties’ [Radio]

Social Media: Ten Things Accountants Should Never Do [AWEB]

When (and If) You Should Ever Work For Free [Lifehacker]

Mary J. Blige owes more than $3.4M in federal taxes [USAT]

Seven thrilling [!!] facts about carbon taxes from the CBO [Wonkblog/WaPo]

IRS Safeguards Toothless in Tea Party Nonprofit Cases [Bloomberg]

The Joys of No Income Tax, the Agonies of Other Kinds [NYT]

Finding Just the Right Tax Rate In a contribution to the New York Times' Room for Debate, Kim Rueben argues if the tax rate for marijuana is too high, people will continue to buy weed from the guy on the street. However, setting the tax rate too low leaves revenue on the table and use might boom. [TPC]

McDonald's CEO Responds to 9-Year-Old Girl Who Claims Kids Are Being Tricked [ABC]

Boyfriend and Girlfriend Stab Each Other Over American Idol Winner [Gawker]


Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]