Tax Policy: Not boring anymore

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According to the New York Times, tax policy used to be fairly boring and predictable. But in the past decade, it has become dynamic in a way that tax advisers don’t like: It changes with the political party in power. Questions: According to the article, changes for tax advisers with the political party in power… Read more »

Total – French Oil Giant Quits American Petroleum Institute (API)

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According to the Washington Post, Total is the first major petroleum company to leave the influential trade group, the American Petroleum Institute (API). Question: Why did Total leave the influential API trade group?’ What other oil companies have left trade groups? Name the trade groups and companies. How much has Total invested in the U.S…. Read more »

Dollar General Pays Employees to Get COVID vaccination

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According to the Washington Post, Dollar General workers who get the COVID vaccine will be rewarded with four hours of pay. This makes the company one of the first major retailers to incentivize inoculations for its workforce. Questions: What is the base rate for Dollar General workers? What barrier does the company hope to break down… Read more »

New IRS tax law focuses on top paid coaches

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According to Accounting Today, highly paid college sports coaches (and some hospital executives) are are targets of a 21 percent excise tax by the IRS if these nonprofit employees receive $1 million or more in salary. Questions: What is the big loophole in the law? Who pays the tax? Employee or nonprofit organization? What is… Read more »

New SEC disgorgement provisions

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According to the Insights Commentary, the U.S. Congress recently passed the National Defense Authorization Act (“NDAA”) for Fiscal Year 2021, which includes important changes to the Securities and Exchange Commission’s (“SEC”) ability to seek disgorgement. Although President Trump vetoed the bill, the House of Representatives and Senate voted to override the veto on December 28,… Read more »

Icelandic Eiderdown

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According to Business Insider, real eiderdown is one of the warmest natural fibers you can find, but it doesn’t come cheap; an eiderdown double duvet could cost you over $8,000. Questions: Which part of the processes do you think is most expensive? How much is produced each year? Is harvesting the down a destructive process… Read more »

FASB Wraps Up 2020 with FASB Roundtable Discussions

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According to Accounting Today, the Financial Standards Accounting Board’s recent roundtable discussions centered on new guidance about lease implementation for public and nonpublic organizations, and what we can expect for non-public implementation next year. Questions: Why didn’t participants at the Sep. 2020 FASB Roundtable want sweeping changes to lease guidance? According to the article, why… Read more »

A lookback at 2020

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One of the most read articles by the BV Wire in 2020 was one summarizing the thoughts on the impact of the crisis on valuations by the Business Valuation Update Editorial Advisory Board, in both the U.S. and around the globe. Questions: Edwina Tam, partner at Deloitte in Hong Kong, suggested that issues to be considered… Read more »

Humans: 1 Robots: 0

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According to Engadget.com, Walmart announced that they have decided to cancel their original plans to have robots to track and check inventory after they discovered that actual human employees were capable of performing the tasks just as well. Questions: According to the article, which function(s) were humans better at? When did Walmart start testing the… Read more »

China’s New Tough Stance on Tech

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According to the New York Times, despite the fact that Jack Ma and other entrepreneurs have prospered under Beijing’s laissez-faire attitude toward the business side of the internet, new investigations by China’s authoritarian government indicate that the dynamic is shifting as the companies have grown in power. Questions: What is the investigation into Alibaba about?… Read more »