
Archive for June 23rd, 2003
Posted by taxguru on June 23, 2003
Bush Cites the Cost Of Tax-Cut Repeal – The evil DemonRats are still trying to roll back the cuts that have already passed.
If deficit hawks were serious, they’d curb spending
Tax Amnesty — A Win-Win for Everybody – This idea comes up every ten years or so. It’s a tough sell to people who have been paying their taxes all along. Of course, it does seem to be a trend to reward lawbreakers who can go long enough without being caught, such as the millions of illegal immigrants that are most likely going to be awarded citizenship in the near future.
Finishing Off the Death Tax – The Marxist class warriors will do everything they can to prevent this from happening.
Australians pay too much in tax, report finds – Very similar to the situation we have here in the USA. Tax rules are so complicated that most people end up paying more than they should be.
Dotcom exiles turn up at new charities – Putting their experience to good use.
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Just Following Orders
Posted by taxguru on June 23, 2003
The WSJ has a very interesting story of a corporate accountant with WorldCom who made the entries, under orders of her bosses, to artificially inflate the book income. Even though the idea to do this wasn’t hers, she will be doing some prison time for just following orders.
It is definitely a tough spot for middle and low level employees to resist pressures to do illegal things. I saw a lot of this during my time as a internal auditor, investigating various fraudulent activities. If reporting these illegal things to the corporate audit committee or Internal Audit department doesn’t do any good, the only smart move is to quit. When the house of cards collapses, you can be fairly certain that the top dogs will have stashed enough away to take care of themselves and will leave their underlings hung out to dry.
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