Posts Tagged: shell company

Apple and Taxing Issues!

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

This week, the European Union (E.U.) ordered Ireland to collect $14.5 billion in unpaid taxes from Apple. According to Margrethe Vestager, the European Union’s commissioner for competition, Apple’s illegal deals with the Irish government allowed the company to funnel profit from two Irish subsidiaries to a “head office” with “no employees, no premises, no real… Read more »

A Feel-Bad Ending: Swell the Music for Rudy

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

If you look up memorable quotes by Rudy Ruettiger, they exact all the inspirational feelings you can muster about “acting on your dreams.” One of my favorites does not have such a pretty answer, now: –If you knew you couldn’t fail, what would your goals be? Sadly, the answer might be: –To attempt a “pump-and-dump… Read more »