Bitter Sugar in the South Dakota Tax Haven

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, money has flowed from the sugar fields of the Dominican Republic to the burgeoning tax haven of South Dakota. Questions: What company does the article refer to? What have been the allegations against these sugar producers and what do these allegations have to do with the tax haven story? How… Read more »

Private Equity Firms and A Tax Strategy Investigation

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

Eric Schneiderman, the New York attorney general, is investigating abusive tax strategies at some of the nation’s largest private equity firms. As part of these efforts, last week, he subpoenaed documents from more than a dozen firms hoping to uncover conversion of certain management fees collected from their investors into fund investments, which are taxed… Read more »