• Footnotes: The Sands Might Double Down; GFAFASB’s Rebranding; IRS Deadbeat Mike Tyson Likes Taxes | 04.29.13

    By | April 29, 2013

    Las Vegas Sands Can Now Hire A Chinese Auditor [Forbes]

    GOP moves away from entitlements and toward tax reform in budget deal [WaPo]

    Overview Of The New 3.8% Investment Income Tax, Part 2: Passive Activities [Forbes]

    Here are some suggestions the AICPA sent to the House Ways & Means Committee for tax reform. [AICPA]

    Tom Coburn wants to take away the NFL, PGA, NHL, and LPGA's tax exempt status. [TP via TaxProf]

    Norwalk-based FAF, FASB and GASB undergo rebranding… and no one cares. [The Hour]

    Mike Tyson, Who Owes The IRS Millions, Says He Likes Taxes [HuffPo]

    A random commenter suggests PwC ditching the Sands might have something to do with this. [Reuters]

    • Francine McKenna

      If admitting you may have violated FCPA would drive your auditor off, we would have seen EY quit Wal-Mart a long time ago. How many of these companies had auditors quit because they are on this list? http://www.fcpablog.com/blog/2012/3/21/top-ten-disgorgements-march-2012.html

      Auditors put up with much more serious illegal acts at clients. See PwC and AIG or JPM or almost any bank auditor. LVS problems are bigger than what’s been already acknowledged and that’s why PwC quit. You can count on it.