An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers

The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes.

#accounting-and-accountants, #bristol-myers-squibb-company, #corporate-taxes, #federal-taxes-us, #internal-revenue-service, #legal-profession, #pricewaterhousecoopers, #tax-evasion, #tax-shelters, #whitecase

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Greensill Capital: The Collapse of a Company Built on Debt

Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.

#accounting-and-accountants, #banking-and-financial-institutions, #bankruptcies, #bluestone-resources-inc, #cameron-david, #credit-suisse-group-ag, #federal-financial-supervisory-authority-bafin-germany, #gfg-alliance-ltd, #greensill-capital, #greensill-lex, #gupta-sanjeev-1971, #insurance, #justice-james-c-ii, #labor-and-jobs, #softbank-corporation, #suits-and-litigation-civil, #tokio-marine-holdings-inc

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A Love Letter to My Accountant

My relationship with him is the most positive one I’ve ever had with a man over money.

#accounting-and-accountants, #art, #black-people, #content-type-service, #coronavirus-2019-ncov, #federal-taxes-us, #finances, #quarantine-life-and-culture, #tax-preparers-and-preparation, #writing-and-writers

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Brexit Deal Done, Britain Now Scrambles to See if It Can Work

Britain is finally departing from the European Union, but its formal exit is only the beginning of a high-stakes experiment to unstitch commercial relations across an integrated continent.

#accounting-and-accountants, #banking-and-financial-institutions, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #johnson-boris, #regulation-and-deregulation-of-industry

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Paul Sarbanes, Former Maryland Senator, Dies at 87

Early in his career, Mr. Sarbanes introduced the first article of impeachment against Richard Nixon. Decades later, he wrote legislation in response to fraud scandals involving Enron and other companies.

#accounting-and-accountants, #deaths-obituaries, #enron-corp, #lobbying-and-lobbyists, #sarbanes-paul-s, #senate, #united-states-politics-and-government

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Here’s How Moving to Work Remotely Could Affect Your Taxes

The rules are complicated and vary by state, so accountants are advising taxpayers to keep track of how many days they spend working in each state.

#accounting-and-accountants, #coronavirus-2019-ncov, #federal-taxes-us, #federal-state-relations-us, #income, #income-tax, #new-york-state, #states-us, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #united-states

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Behind Wirecard’s Collapse: Allegations of Lies, Spies and Missing Billions

Markus Braun built Wirecard to “conquer the world,” but those aspirations attracted skeptics. Its accounting scandal has sent shock waves through Germany.

#accounting-and-accountants, #banking-and-financial-institutions, #braun-markus-1969, #credit-cards, #cyberattacks-and-hackers, #ernstyoung, #financial-times, #frauds-and-swindling, #germany, #mobile-commerce-and-payments, #phishing-computer-fraud, #wirecard-ag

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Wirecard’s Ex-C.E.O., Markus Braun, Is Arrested in Germany

The payment company is ensnared in an accounting scandal after it admitted that $2 billion in its accounts probably did not exist.

#accounting-and-accountants, #braun-markus-1969, #germany, #securities-and-commodities-violations, #wirecard-ag

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Chinese Coffee Chain’s Scandal Renews U.S. Calls for Oversight

The implosion of a Chinese competitor to Starbucks has bolstered the cause of American politicians aiming to stop opaque Chinese companies from raising money in the U.S.

#accounting-and-accountants, #china, #coffeehouses, #communist-party-of-china, #company-reports, #frauds-and-swindling, #international-trade-and-world-market, #law-and-legislation, #luckin-coffee, #nasdaq-stock-market, #pensions-and-retirement-plans, #rubio-marco, #securities-and-commodities-violations, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government, #venture-capital

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Your 8 Most Vexing Tax Questions, Answered

Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.

#accounting-and-accountants, #federal-taxes-us, #income, #income-tax, #mortgages, #pensions-and-retirement-plans, #personal-finances, #real-estate-and-housing-residential, #rebates-and-refunds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-preparers-and-preparation

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