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Tony Hayward Goes Out on a High Note

Posted on July 28, 2010 by Caleb Newquist

“We have followed the IRS regulations as they’re currently written.”

~ The outgoing BP CEO, explaining the $9.9 billion tax credit the company took in the second quarter.

Posted in Quote of the DayTagged BP, Tax Credits, Tony Hayward

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Next: Accounting News Roundup: BP’s Tax Break Could Bring Congressional Belly Aching; Steinbrenner’s Will Postpones Decision Estate Taxes; KPMG Foundation Awards Minority Scholars | 07.28.10

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  • Quote of the Day

Nikki Haley’s Accounting Skills Are Being Called into Question

  • Caleb Newquist
  • September 10, 2010

“Every time she touches a balance sheet, she leaves behind a tral [sic] of tax liens and penalties. If Rep. Haley really is an accountant, she is as incompetent as her mentor is at job recruitment.”

~ Trav Robertson, spokesman for South Carolina Gubernatorial candidate Vincent Sheheen, is talking out of his ass a little but the jab at Mark Sanford is duly noted.

  • Quote of the Day

At Least Someone Is Optimistic About the Tax Cut Stalemate

  • Caleb Newquist
  • December 2, 2010

“I think we got off to a good start yesterday. There are going to be ups and downs in this process but I’m confident that we’re going to be able to get it done.”

~ President Obama is making us nauseous.

  • Quote of the Day

Quote of the Day: Accountant Argues for Naked News | 03.17.10

  • Caleb Newquist
  • March 18, 2010

“She would be prepared to read the news without clothes and only wears the clothes because her employer requires it.”

~ An accountant representing Sian Williams, co-host of BBC Breakfast one, trying to convince a tax tribunal that her clothes should be tax deductible because she has “to look good on screen.” He failed.

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