Unstructured Finance

UF Weekend Reads

March 31, 2012

Don’t get pranked tomorrow. Remember, it’s April Fool’s Day. Here are the latest Weekend Reads as selected by Sam Forgione.

Diversity on Wall Street, or a lack thereof

March 30, 2012

By Matthew Goldstein

The shooting death of Trayvon Martin, an unarmed black teen in Florida, has evoked a lot of debate about race in America and the nation’s attitudes to what it means to be a minority.

PCAOB’s debate over auditor rotation moves to Congress

March 29, 2012

An ambitious reform agenda at the main U.S. auditor watchdog — already under fire from the accounting industry — has now drawn the ire of members of Congress.

Essential tax and accounting reading: Bain’s IRAs, E&Y cleared on Olympus, Biden attacks Romney tax plan, and more

March 29, 2012

* Germany to agree to tougher Swiss tax deal-paper. Emma Thomasson – Reuters. Germany is set to agree a revised deal with Switzerland on secret offshore accounts that involves higher rates of taxes than originally planned to meet objections from the opposition, a Swiss newspaper reported on Thursday. Citing unnamed sources, the Tages-Anzeiger daily said German state premiers meeting in Berlin on Thursday should sign off on the deal after the opposition Social Democrats (SPD) and Greens apparently accepted Swiss concessions to tighten the agreement. Link

Tax clips from the Web: The tax code as literature, canceled debt and TV pitchmen

March 28, 2012

Then-U.S. Senator Sam Brownback (R-Kansas) gestures as he talks about the U.S. tax code in 2007 REUTERS/Frank Polich

Tax tips for the unemployed and self-employed

March 27, 2012

In this video Reuters personal business editor Lauren Young offers the skinny on deductions you may be eligible for — but be sure to keep receipts!

Essential tax and accounting reading:oil tax breaks challenged, Dow pushes R&D credit, Buffett’s company in tax dispute, and more

March 27, 2012

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Bill ending oil company tax cuts clears Senate hurdle. Ayesha Rascoe and Richard Cowan – Reuters. Legislation repealing tax breaks for major oil companies passed its first hurdle in the Senate on Monday, but is unlikely to become law, as Republicans and Democrats seek to score political points over rising gasoline prices. The Senate voted 92 to 4 to proceed with consideration on the bill that would eliminate billions of dollars in tax breaks for the “big five” oil companies: Exxon Mobil Corp, BP Plc, ConocoPhillips, Chevron Corp and Royal Dutch Shell Plc. The lopsided vote in favor of moving ahead with consideration of the oil tax cuts bill reflected political maneuvering in the chamber, not actual support for the measure. Link

Tax aides on tax reform: come lobby now, time may be short after the election

March 26, 2012

Dome of the U.S. Capitol REUTERS/Jonathan Ernst

Message to U.S.-based multinational companies: it is not too soon to lobby lawmakers on U.S. tax reform.