I don't imagine that too many people have given much thought to how Donald Trump or Hillary Clinton would fit into the accounting profession, but Peter Reilly did and I'm grateful: The only two roles I could see for Trump in public accounting are client from hell or managing partner. Public accounting firms at the […]
As you’ve probably heard, over the weekend, the New York Times obtained a few pages of Republican presidential nominee and stale cheese cracker Donald Trump’s tax return and shared them with the world. Lots of people have been pining for months for any morsel of Trump’s returns and now that we have that morsel, people […]
Anyone with experience amending heavily scrutinized 990s is welcome to chime in: Hillary Clinton's family's charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors. What was the problem, […]
“The rich are not paying their fair share in any nation that is facing the kind of employment issues [that America is] – whether it’s individual, corporate or whatever taxation forms are.”
~ Secretary of State Hillary Clinton
The whole UBS/IRS tug of war has achieved a whole new level of ridiculousness because now, Secretary of State Hillary Clinton will meet with the Swiss Foreign Minister on July 31, just prior to the deadline settlement date of August 3rd.
We’re expecting a lovely exchange of smiling, glad-handing, back-slapping, etc. but would implore with Secretary Clinton to do the right thing and get the Swiss Minister to pony up the Toblerones.
The Swiss deserve part of this blame for not seeing the genius in this offer but our American representatives in this case have not been pushing for it, deciding instead, that our need for a reformed healthcare system should motivate our Swiss friends to turn over the 52,000 American names.
The Swiss, who no doubt laugh at our bureaucratic nightmare of a healthcare system, are instead more concerned about their sovereignty and their long tradition of client confidentiality. They have vowed not to turn over any names and this doesn’t really fit in with the IRS’s plans to get billions in back taxes on the UBS accounts, hence the need to call in the big guns.
Swiss minister to meet Clinton ahead of UBS deadline [Reuters]