Avoiding the Taxman in Paradise!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

If you have not had a chance to read about the Paradise Papers, you owe it to yourself to read this article about Nike. Nike is avoiding taxes by charging themselves for intellectual property. This is a story involving grey areas and loopholes, tax havens and zero tax rates, and the movement of money and… Read more »

Will Virtual Wally World Rise Above its Current Fashion Stigma?

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To make deeper inroads into online fashion, Wal-Mart Stores Inc said it will soon offer Hudson’s Bay Co. owned department store chain Lord & Taylor dedicated space on its website. Questions: 1. When will the new fashions be offered? 2. What are the financial terms of the deal? 3. Despite its large presence, who is… Read more »

Vulnerable for a Takeover?

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Broadcom LTD made an unsolicited $103 billion bid for Qualcomm to set the stage for a major takeover of the chipmaker and dominate the market of semiconductors used in mobile phones. Questions: 1. What is Qualcomm’s take on this bid? 2. Would this deal cause a monopoly? 3. What are the terms of the deal?… Read more »

A New Service from Amazon

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According to Reuters, Amazon, the world’s largest online retailer, announced the premier of Amazon Key – a lock and camera system that users control remotely to let delivery associates slip goods into their houses. Questions: 1. What will be the cost? 2. How do you maintain privacy? 3. What is Wal-Mart testing that is a… Read more »

The GE Plunge

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General Electric Co.’s stock has tumbled the most it has seen in six years. This is due to a deteriorating outlook stoked by fears that the company will cut its dividend for only the second time since the Great Depression. Questions: 1.What is causing the drop, according to Jeff Windau, an analyst at Edward Jones?… Read more »

Hong Kong’s Duty

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According to Bloomberg, even though Hong Kong’s stock market hit record highs this month, the turnover is too low. Now the exchange operator is considering asking the government to remove or reduce a tax on stock transactions. Questions: 1. What is the current stamp duty on both sides of the trade and what does that… Read more »

Risky Takeover?

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According to Reuters, Qualcomm, a U.S. smartphone chipmaker, has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry. Questions: 1. What are Qualcomm’s chips used for? 2. What is the EU Commission’s greatest concern about this merger? 3. What was… Read more »

Where in the world is Catalonia?

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Under a separatist plan, the Catalan government has claimed a mandate for independence. Two million votes or so have been counted in support of a split with Spain. Questions: 1. Where is Catalonia located? 2. What is the history of this separatist plan? 3. Why should accounting and business students know about this? 4. According… Read more »

Has your credit information been stolen?

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As you probably already have heard, Equifax, one of three major credit reporting agencies, revealed that highly sensitive personal and financial information for around 143 million U.S. consumers was compromised in a cybersecurity breach that began in late spring. Later we learned of a second breach, that included about 100,000 Canadians and up to half… Read more »