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September 26, 2023

you’ve got Congress to thank

Feet walking in revolving door.

TIGTA Does Some Digging on the Revolving Door Between the IRS and Large Accounting Firms

The Treasury Inspector General for Tax Administration released a report Tuesday [PDF] they initiated in response to a Congressional request from Sen. Elizabeth Warren (D-Mass.) and Rep. Pramila Jayapal (D-Wash.) to evaluate employees moving between large accounting firms and the IRS, a.k.a the “revolving door”. The Congressional request specifically noted interest in large accounting firms. […]

Google CFO Addresses Company’s ‘Evil’ Tax Savvy

When asked whether it is “evil” to pay a 6% federal tax rate, he laughed it off. “I don’t make the laws,” he said. “I’m just like every other corporation.” [Fortune]