Unstructured Finance

Essential reading: Democrats target corporate tax breaks, and more

February 4, 2013

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

 * Democrats target corporate tax breaks. James Politi – The Financial Times. Senate Democrats want to slash corporate tax breaks in search of new revenue, as an alternative to $1.2 trillion in impending across-the-board spending cuts, digging in against Republicans who are opposed to higher taxes and stoking calls for a revival of bipartisan deficit talks. Link

Essential reading: Early payouts of dividends, bonuses spur a windfall, and more

February 1, 2013

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

Pay close attention to the timings in JPMorgan’s internal report

February 1, 2013

By late January last year, not even the London Whale himself thought the massive derivatives bets that eventually cost the bank $6.2 billion were such a good idea.

Calendar

January 31, 2013

Some important tax and accounting events in the week ahead:

Tuesday, Feb. 5

* National taxpayer advocate Nina Olson joins a panel on 100 years of the federal income tax. Noon – 1:30 p.m. ET, the Urban Institute. Washington.

Essential reading: U.S. is preparing more tax-evasion cases, and more

January 31, 2013

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

 * U.S. is preparing more tax-evasion cases. Laura Saunders – The Wall Street Journal. The U.S. is expanding its crackdown of offshore tax evasion, preparing numerous criminal cases against suspected offenders, defense lawyers involved in the cases say. Link  

Essential reading: India sees end to Vodafone tax dispute, and more

January 30, 2013

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

* India sees end to Vodafone tax dispute. James Blitz and Lionel Barber – The Financial Times. India’s finance minister is confident that a $2.6 billion tax dispute with Vodafone is close to being settled as the Indian government attempts to win back international investor confidence. Link  

Essential reading: Mickelson and the sports star migration, and more

January 28, 2013

Golfer Phil Mickelson of the U.S. REUTERS/Hans Deryk

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

Mickelson and the sports star migration. Allysia Finley – The Wall Street Journal opinion. America’s top-grossing golfer Phil Mickelson drove himself into a bunker on Jan. 20 when he said that federal and California state tax hikes had made him contemplate making “drastic changes” in his life —including, it was widely assumed, moving to a no-income-tax state such as Texas or Florida. But he was only stating publicly what many professional athletes are mulling privately. Link

Hedge fund scorecard 2012: Mortgage masters win, Paulson on bottom again

January 28, 2013

Mortgage funds roared home with returns of almost 19 percent last year, trouncing all other hedge fund strategies and beating the S&P 500 stock index, which rose 13 percent.

Calendar

January 25, 2013

Some important events in the week ahead:

Monday, Jan. 28 – Wednesday, Jan. 30

University of Southern California Gould School of Law Tax Institute on business tax planning, estate tax planning and other topics. Los Angeles.

Essential reading: Republican governors open new front in tax debate, and more

January 25, 2013

Governor Sam Brownback has cut taxes in Kansas. REUTERS/Mike Segar.

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

 * Republican governors open new front in tax debate. Richard Stevenson – The New York Times. Overhauling the tax system is the subject of endless talk and little action in Washington. But Republican governors in a range of states are setting up limited but politically ambitious and potentially telling experiments in what might be possible nationwide. Link