by Lynam Knott | Oct 28, 2013 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
Kudos to Martin Sullivan, Chief Economist and Contributing Editor at Tax Analysts who had a nice piece in the Washington Post published about him over the weekend. I’ve always admired Marty’s ability to cut through the political BS and revenue...
by Lynam Knott | Sep 20, 2013 | Uncertain Tax Positions
We released the Ferraro 500 today. The Ferraro 500 is a reorganization of the Fortune 500 by the size of the companies’ Unrecognized Tax Benefit reserve (“Tax Reserve”) for uncertain tax positions reported in SEC filings. The 2013 Ferraro...
by Lynam Knott | Jul 18, 2013 | Uncertain Tax Positions
From the first mention of Schedule UTP, we felt that taxpayers would provide the minimum information required by the instructions and other published guidance for Schedule UTP. And it looks like this is what has happened. According to an article in Tax...
by Lynam Knott | Mar 26, 2013 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
I saw an interesting article today by the President and Publisher of Tax Analysts in which he drew attention to the role of tax professionals in the growing crisis over reduced corporate tax receipts in a time of record corporate profits. He focused his...
by Lynam Knott | Sep 10, 2012 | Aggressive Tax Positions, Uncertain Tax Positions
Today we released our 2012 “Ferraro 500” list, which reorders Fortune 500 companies based on the size of their Unrecognized Tax Benefit reserves. This annual study always has some interesting results and outliers. For example, Fortune 500 corporate profits...
by Lynam Knott | Nov 7, 2011 | Aggressive Tax Positions, Taxpayer Underpayment, Uncertain Tax Positions
The IRS needs whistleblowers now more than ever. A recently released study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 280 of the current Fortune 500 and found a general pattern of decreasing tax rates,...
Recent Comments