London court orders Grant Thornton to release reports in Tchenguiz suit [Reuters]
Twitter Getting $22 Mil Tax Break for Helping Charities Tweet [VW]
FASB and IASB to Form Revenue Recognition Transition Group“Revenue is a key performance indicator and is important to every business,” said IASB chairman Hans Hoogervorst in a statement. “Our joint transition group will help to ensure that stakeholders are reading the words in the new revenue standard in the way that we intend that they be read.” [AT]
Our Secretive Senate There’s a group called Taxpayers for Common Sense that is sending a letter to Senators Baucus and Hatch urging them “to make all correspondence with the committee relating to this tax reform public in real time.” On behalf of Tax Analysts, I signed on to that letter. For more than 40 years, Tax Analysts has fought (and sometimes quite literally that) for transparency in the making and administering of our tax laws. [Chris Bergin/Tax Analysts]
Coffee drinking linked to 50% lower risk of suicide [io9]
Grover Norquist: Tax cuts are not people, my friend. [@GroverNorquist]
When a mugger passes you in the street unmolested he/she has not given you your wallet. Similarly, tax cuts do not "Give" you anything.
— Grover Norquist (@GroverNorquist) July 26, 2013