IRS updates tax gap estimates

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IRS updates tax gap estimates

The Internal Revenue Service released a new set of tax gap estimates Thursday for tax years 2011, 2012 and 2013, but they indicate the tax
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First, do no harm: Another elective procedure on goodwill accounting is too risky for investor health

As the Financial Accounting Standards Board considers additional interventions in the way public companies account for goodwill, they would do well
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Oil falls about 1% on surprise US crude build, Saudi crude output

NEW YORK (Reuters) – Oil shed more than 1% on Wednesday, logging a second straight day of losses after U.S. crude stockpiles unexpectedly rose and as Saudi Arabia maintained a faster-than-expected recovery of its oil production. FILE PHOTO: …
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How Juul's reputation went from high-tech cool to hazardous

The pendulum swing in the reputation of Juul Labs — from a less-harmful cigarette alternative to a public danger — has engulfed the vaping company in crisis. The company ousted its CEO on Wednesday, suspended advertising and committed to back the …
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PMC Bank says it has enough liquidity and depositors' money is fully safe

Mumbai: Allaying fears of the depositors and customers, Punjab & Maharashtra Cooperative Bank (PMC), which is under RBI management now, said it has enough liquidity to meet all liabilities and every penny of the public is secure. Asserting that all its loans …
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