Unstructured Finance

Essential reading: Cadbury gets tax bill in India, and more

March 6, 2013

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

* India says Cadbury evaded taxes. Joe Palazzolo and Julie Jargon – The Wall Street Journal. India has accused Cadbury PLC of dodging about $46 million in taxes by pretending to produce candy at a factory that didn’t exist. Link

Essential reading: Tax-exempt bonds get scrutiny, and more

March 5, 2013

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

Ray Dalio went into this year even more bullish than we thought

March 5, 2013

By Matthew Goldstein

Hedge fund titan Ray Dalio is really bullish on stocks and all things risky–at least he was in early January.

Essential reading: Wegelin withers under U.S. tax scrutiny, and more

March 4, 2013

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

 * Wegelin’s fall to tax-haven poster child. Reed Alberotti – The Wall Street Journal. In the span of just one year, Wegelin & Co. went from being one of the most prestigious banks in Switzerland to the verge of being sentenced on U.S. criminal charges and becoming essentially defunct. Link    

The retailization of the single family home rental play

March 4, 2013

By Matthew Goldstein

It started slowly but the push by Wall Street into the single family rental market is fast becoming a Main Street play as well.

Calendar

March 1, 2013

Some important tax and accounting events in the week ahead:

 Sunday, March 3 – Wednesday, March 6

* National Association of State Boards of Accountancy annual conferences. Tucson, Arizona.

Essential reading: Washington State tax law ruled void, and more

March 1, 2013

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

 * Law on tax changes is struck down in Washington State. Kirk Johnson – The New York Times. A voter-approved referendum restricting the Legislature’s ability to raise taxes is unconstitutional, Washington State’s highest court ruled on Thursday. Link

Essential reading: Obama sees leverage in tax fight, and more

February 28, 2013

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

 * White House counts on G.O.P. to bend on cuts’ effects are felt. Michael Shear – The New York Times. White House strategists say they believe that a constant drip of bad news will emerge in Congressional districts across the country in the weeks ahead, putting Republicans on the defensive for their refusal to raise taxes. Link 

Essential reading: EU financial transactions tax to go global, and more

February 27, 2013

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

* A new European tax on financial transactions is set to go global. Howard Schneider – The Washington Post. The levy is due to take effect next year and will be a significant money-raiser for the 11 nations that have signed on, bringing in an estimated $45 billion annually. Link 

Essential reading: Treasury nominee gets tax questions, and more

February 26, 2013

U.S. President Barack Obama walks with Jacob Lew in 2012. REUTERS/Jonathan Ernst

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

* Treasury pick tries to cast his history as right for the job. Jessica Silver-Greenberg – The New York Times. Jacob Lew had a $56,000 investment in the Citigroup fund, leading to questions from Republican senators about whether the investment had been put there to dodge taxes. Link