Blog Archives

Apple’s Tax Bite Is Cut by Tax Accounting, Not the Tax Code

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By J.G. Collins Posted: May 29, 2013, 06:30 With all due respect to Senators Levin, McCain, and the others on the Senate Permanent Committee on Investigations, Apple, Inc., is, indeed, avoiding taxes, albeit legally.  What the senators seem to overlook

Posted in Accouting, Apple, Earnings, Fortune 500, Inc., Our Blog, Representative Cases, Taxation

NY Fed’s Dudley: Expanded Monetary Base was to Transfer Long-Term Risk from Private Sector

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UPDATED 22 May 09:15 The New York Federal Reserve President made some suprising comments at a talk at the Japan Society.  Among other things, he revealed that the Fed balance sheet expanded as a by-product of transferring private long-term risk

Posted in Japan, Monetary Policy, New York Fed Tagged with: , , , ,

For the C-Suite, the IRS “Tea Party” Scandal is a Lesson in Bad PR Gone Worse

A Tea Party Protester

By J.G. Collins – New York  May 12, 2013 Anytime grievous organizational wrongdoing is discovered, it must be addressed immediately, forthrightly, and completely by the organization’s principal leader, speaking with one voice, until every aspect of the wrongdoing is discovered,

Posted in Crisis Communications, IRS, Our Blog, Public Relations, Taxation Tagged with: , , , , , , , , , , ,

We’ve Spent Trillions and Four Years on a “Potemkin Village” 2% “Recovery”. So, What’s Next?

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The dismal March jobs report, printing at less than half of expectations, raise additional questions about the strength of the current recovery.   While its well known the current recovery is weak, its less well-known that this is the weakest

Posted in #EconStats, Bernanke, Economics, Federal Reserve, Interest Rates, Our Blog Tagged with: , , , ,

For Manufacturing Data, Boeing’s Big Orders ARE Better – Deceptively So

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Yesterday’s Commerce Department headline  number led a number of reporters and analysts to conclude that the US Manufacturing Sector was experiencing a solid comeback.  An increase of 3%, month-over-month, surely signaled a solid upswing in manufacturing, right? And with that,

Posted in Economics

Containing a Potential Cyprus Catastrophe

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If there were awards for creating market instability, the ECB/IMF plan to impose a “tax” on Cypriot depositors – effectively renouncing depositors’ insurance guarantees – would rank second only to the US Treasury decision to let Lehman Brothers go bankrupt,

Posted in ECB, Economics, Euro Zone, Germany, IMF, Our Blog, Taxation, Zombie Banks Tagged with: , , , , ,

“Heads We Win; Tails You Lose”: How Foreign VAT Undercuts American Companies Overseas (and Benefits Foreign Companies Here.)

Stacks of coins with the letters VAT isolated on white background

                                         Most business people who sell overseas and tourists who have traveled to Europe and Asia are at least vaguely familiar

Posted in Competitiveness, Fair trade, Our Blog, Taxation, trade, VAT Tagged with: , , , ,

Yes, Chronically Low Interest Rates Can Harm Recovery

Federal Reserveedited

             Fed Chairman Ben Bernanke’s testimony Tuesday before the Senate Finance Committee, where he reiterated his view that the Fed needed to continue record-low interest rates, reminded me why doctors are required to swear the

Posted in Economics, Federal Reserve, Interest Rates, Interest Rates, Our Blog Tagged with: , , , , ,