Whistleblowers in Corporate Tax Departments: A Sign of Things to Come?
Posted by Traci Wheeler on Feb 8, 2012 in February, Legal, Tax | 0 comments
No corporate tax department wants an IRS auditor digging through their work papers and documentation. However, with the introduction of FIN 48 and now Schedule UTP, the transparency the IRS now has into a corporation’s tax positions is greater than ever. These two initiatives alone have created a lot more work for the tax department and increased the visibility the corporate tax department has within an organization. Corporate executives, who can be held responsible, are now paying more attention to tax risk management and the tax positions their companies are taking. But there may be another cause for concern that should raise the eyebrows of corporate tax departments and corporate executives alike.
read moreTax Professionals can be Actors Too?
Posted by Kelley Lear on Sep 6, 2011 in Compliance, Legal, Tax, Tax Planning | 0 comments
Has it been a year already? The Dodd-Frank Act first anniversary….ahhh, how exciting. Are you lifting your glass to toast to it’s enactment, or are you slugging down that drink to try to forget? I just finished watching and listening to a great video (global panel discussion) just shared by Deloitte called “The Dodd-Frank Act: Looking Back, Looking Forward”. They introduce the video with the following characterization of the Act: “…is an enormous and far-reaching act that has been loved and loathed from the moment it was conceived to today. Its place in history is a matter of opinion; its impact a matter of intense debate”.
read moreGoogle and the “Dutch Sandwich”…interested in $3B in tax savings?
Posted by Kelley Lear on Apr 12, 2011 in Blog, Legal, Tax, Tax Planning | 0 comments
The other day, I was lucky enough to stumble across a great post by Kelly Phillips Erb, JD and LLM in Taxation – otherwise known as “Tax Girl”. If you don’t already read her blog, it is www.taxgirl.com, and is usually pretty interesting. On March 20, 2011, she shared a video from a colleague outlining a strategy recently used by Google in order to minimize corporate income taxes. I actually remember quite a few blog posts and articles written about this strategy last October, but never had a chance to read more about it.
read moreU.S. Corporate Tax Rate – Highest in the World?
Posted by Kelley Lear on Mar 16, 2011 in Blog, Legal, Tax | 0 comments
Well. We’ve finally done it. We’ve reached the top… but not in a good way. According to a recent news release published by the Tax Foundation, the U.S. corporate tax rate will soon become the highest in the world. ! Honestly though – is it a surprise? For over 20 years, the U.S. corporate tax rate has been higher than the OECD average for similar nations.
read moreState Tax Revenue Climbs
Posted by Kelley Lear on Mar 2, 2011 in Blog, Legal, Tax | 0 comments
Some would say that the February 1st, 2011 article in The Wall Street Journal entitled “State Tax Revenue Climbs” by Conor Dougherty is somewhat optimistic or at least a bit encouraging. I however, am choosing to add this topic to my “Red Whine Wednesday” posts.
read moreCorporate Tax Reform does NOT have to be Hard
Posted by Jim Shedivy on Feb 17, 2011 in Blog, Legal, Tax | 0 comments
In response to a recent article published in the Washington Post entitled “Why corporate tax reform will be hard, in one graph,” Red Moon’s President Jim Shedivy provides his insight as to why corporate tax reform does not have to be hard. Listen to today’s podcast to hear 3 ways in which we could simplify the tax law relatively quickly. (Audio length: 3 min 30 seconds)
If you would rather read Jim Shedivy’s commentary, CLICK HERE to view the pdf version of Corporate Tax Reform does NOT have to be Hard.
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