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“Accounting…and…accountability” – these are clearly linked terms with common meaning that emerged along with the modern capitalist system, deriving from Middle European languages and cultures. “Accounting,” (says Webster’s New Collegiate) is derived from the medieval, “to tell…” -- as today’s accounting systems are designed to “accurately tell the story” of an organization’s financial condition.
News & Updates
May 31, 2016 What Will Really Fix America’s Unfair Tax SystemSource: Fortune
Nothing galvanizes bipartisan opposition quite like flawed tax policies, as the Obama Administration recently learned when 18 former high ranking U.S. Treasury officials of past administrations from both parties publicly rebuked...
May 31, 2016 Brent crude lower on strong Middle East oil outputSource: Reuters
Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this week, while U.S. crude edged higher as the summer driving season began.
A new job or raise landed over the past year doesn't seem be leading people in the U.S. back to spending like they did during the 2004-2007 economic boom.
Research & Insights
Source: Washington Post
The Internal Revenue Service has been so slow to adapt to the emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported, according to a study being delivered to Congress this...
May 20, 2016 How Americans define the sharing economySource: Pew Research
Even though stories about services like Uber and Airbnb have put the “sharing economy” in the news, just 27% of Americans have ever heard of the term before, according to Pew Research Center’s recent survey of the new digital...
Source: UN Centre
With little prospects for a turnaround in 2016, growth in the world economy remains weak, posing a challenge to the implementation of development targets, a new United Nations report released today has found.
Commentary & Opinion
One sector that's taken a serious beating lately is energy. It seems there's big concern from investors each time there's a drop in the price of oil. Many believe they should just stay away from energy companies.
There’s a letter to world leaders from a group of leading economists which insists that tax havens serve no useful economic purpose and thus everything should be done to close such tax havens down
Source: American Enterprise Institute
My Eurosceptic bona fides run deep. I wrote my first diatribe against the EU in my teenage years. When I was in university, I interned for the office of the President of the Czech Republic, Václav Klaus – yes, the one who...
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