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Lease Accounting Convergence Project: What Are The Impacts Of The New Accounting Standards?, Kevin Jirik
Lease Accounting Convergence Project: What Are The Impacts Of The New Accounting Standards?, Kevin Jirik
Celebrating Scholarship & Creativity Day (2011-2017)
Current US GAAP lease accounting standards, with its four part test, and two forms of accounting for leases has existed since the 1970s. Due to cases such as WorldCom and Enron, where the assigning of other assets to remote bankruptcy entities has caused some of the world's largest bankruptcies and misleading financials. The SEC called for elimination of all off sheet financial arrangements to change the guidelines of financial reporting to better reflect the economic transaction and not distort it. The new proposal has created a Right-of-Use model where new assets and liabilities will be created to represent the value …
An Analysis Of International Corporate Tax Reform, Travis D. Gohman
An Analysis Of International Corporate Tax Reform, Travis D. Gohman
Celebrating Scholarship & Creativity Day (2011-2017)
This research paper will focus on the current discussion in Washington D.C. regarding the reform of international taxation by the U.S. government. In recent years, multinational companies have been accumulating an ever-increasing amount of undistributed foreign earnings. Critics see this as a loophole to avoid U.S. taxation. Corporations view this as purely a smart business decision since it increases their bottom lines. The primary reason for this trend of not repatriating for foreign earnings is that the U.S. has the highest corporate tax rate of 35 percent. Therefore, with fewer foreign earnings making their way back into the U.S., the …
The Affordable Care Act’S Effects On Small Businesses, Alyssa K. Mason
The Affordable Care Act’S Effects On Small Businesses, Alyssa K. Mason
Celebrating Scholarship & Creativity Day (2011-2017)
No abstract provided.
Capital Gains Tax And Its Effect On Investment, Andrew Long
Capital Gains Tax And Its Effect On Investment, Andrew Long
Celebrating Scholarship & Creativity Day (2011-2017)
Recently, there has been controversy surrounding the capital gains tax. During his state of the union address, President Obama mentioned the case of Debbie Bosanek as a clear indication that the tax is unfair. Debbie is the secretary of Warren Buffet, and happens to pay fewer taxes than her boss. The primary reason for this is through capital gains. The tax rate on long-term capital gains (assets that have been held for over a year), is less than the tax on regular income, with most people paying about 15% on gains (the highest earners now pay 20%).
Legislature on and …