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 »

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 »

Navient – Student Loan Corp. Look Out!

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The call has gone out for the U.S. Securities and Exchange Commission to investigate possible insider trading of shares of student loan company Navient Corporation. Questions: 1. Who has asked the SEC to do this? 2. Why do the Senators suspect this? 3. What are the implications of the details surrounding the trades? Source: Nasiripour,… 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 »

Sifting through the numbers

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According to Bloomberg.com, General Electric (GE) Co.’s last quarter earnings were 28 cents a share. They were also 13 cents a share, 19 cents a share and 15 cents a share — all at the same time. How can this be? Questions: 1. What do the numbers include or exclude? 2. What are the new… Read more »

It all depends on you!

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According to the New York Times, Disney has decided to commit to a legacy move by doubling down on the concept of streaming. At its side will be a little-known company known as Bam Tech. Questions: 1. Describe Bam Tech’s record of service and why it is so attractive to Disney. 2. From a strategic… Read more »

Poor EDGAR!

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According to Reuters, the U.S. Securities and Exchange Commission (SEC), Wall Street’s top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse. Questions: 1. What type of risks did the internal memo detail? 2. When was the discovery made? 3. What types of entries could bring the… 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 »

Big Business for Kids’ Sports

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According to Time, a range of private businesses are mining deep, do-anything parental love for kid’s who want to train to pursue sports at the national level. The U.S. youth-sports economy–includes everything from travel to private coaching to apps that organize leagues and livestream games; it is now a $15.3 billion market, according to WinterGreen… Read more »