Tax Break

Tax and accounting this week

January 23, 2012

Some notable events in tax and accounting during the week ahead:


  • Republican president candidate Mitt Romney to release his tax returns, which he has said will show a tax rate of around 15 percent, likely kept low by the tax treatment afforded private equity compensation like that he earned at Bain Capital before entering politics.
  • The Government Accounting Standards Board to meet in Norwalk, Connecticut.
  • President Barack Obama will give his State of the Union speech to Congress and is expected to repeat calls for higher taxes on the wealthy and tax breaks to bring American manufacturing jobs home.


  • Financial Accounting Standards Board open board meeting in Norwalk, Connecticut.


  • The Senate Permanent Subcommittee on Investigations will hold a hearing on the IRS permitting mutual funds to directly invest in commodities despite statutory restrictions.

Thursday and Friday

  • The International Accounting Standards Board meeting in London.

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