Investors to FASB: We Need Tax Transparency Investors with over $2.9T in assets under management called on the Financial Accounting Standards Board (FASB) to prioritize public country-by-country tax reporting as part of FASB’s future standard-setting agenda. Signatories represented a broad coalition of asset managers, public pension funds, labor funds, international investors, foundations, and religious investors. […]
I noticed some 2017 Tax Planning advice from Blank Rome LLP and thought to alert readers. On December 20, 2017, Congress passed its comprehensive tax reform bill, the Tax Cuts and Jobs Act (“the Act” or “the Bill”), which is expected to be signed into law by President Trump in early January 2018. The Bill […]
Disclaimer: I’m sharing a few notes from Directors Forum 2015 held at San Diego University beginning 2/25/2015 and ending 2/27/2015. The Forum is held under the Chatham House Rule, so you won’t read any juicy tidbits here. However, I do hope to give readers some flavor of the topics discussed and a little on the general range […]
In a global first, a group of institutional asset owners and managers are jointly calling for comprehensive transparency and disclosure to be adopted as core principles in reform of the international taxation system to be put before the G20 Leaders Summit in Brisbane this weekend. The group including the £150B UK Local Authority Pension Fund […]
Guest Post by Adam M. Kanzer, managing director and general counsel of Domini Social Investments LLC, New York. His responsibilities include directing Domini’s shareholder advocacy department, where for more than ten years he has led numerous dialogues with corporations on a wide range of social and environmental issues. The following originally appeared under the same title in the […]
C-SPAN will broadcast the tax fairness panel discussion at noon today (Eastern). Here are two ways to get in the loop from afar: (more…)
The defenders of executive compensation argue that senior executives make the most significant contribution to a company’s success; ergo, outsize compensation is justified. But the NBER Shared Capitalism Research Project has shown the opposite: Distributing rewards across the corporation—sharing them with workers—is the most efficient way of making businesses more successful. Motivated employees are more […]
We should recognize the dire consequences of our nation’s tax policy, which encourages consumers to amass huge levels of debt when buying a home. Why not reward borrowers who have more equity in their homes instead? One way to do this would be to provide tax credits to borrowers based on the amount of their […]
Imagine a parallel universe where the Great Crash of 2008 was followed by a Tea Party of a very different kind. Enraged citizens gather in every city, week after week—to demand the government finally regulate the behavior of corporations and the superrich, and force them to start paying taxes. The protesters shut down the shops […]
Goldman Sachs, JPMorgan, Bank of America, Citigroup and Morgan Stanley benefited from hundreds of billions from TAARP. Higher revenues amplified Wall Street’s bottom lines. Combined pay at financial firms hit an all-time high last year and the percentage of revenue that went into employees’ pockets climbed from 31.1% in 2009 to 32.5% last year. As […]
At this point, the attempt to translate corporate governance aspirations to law has failed. Bob Monks. From TEDxNewSt – Lucy P. Marcus – Boardroom Activism. Basic information but (more…)
Oupa Magashula, Commissioner with the South African Revenue Service commissioner attended a recent meeting of the Organization for Economic Co-operation and Development’s (OECD’s) Forum on Tax Administration in Istanbul recently. I found his Op-Ed, Good corporate governance includes moral view of tax (Business Report, 9/27/2010) to be interesting. Here’s a sample, In the past 18 […]