Tax news June 2006 | AccountingWEB

Tax news June 2006


Has Enron Made Companies More Ethical?

There has been a dramatic five-year increase in how employees perceive their company’s ethics, according to a new national business ethics survey from global employee research and consulting firm ISR.Advertisement

Accounting Anomalies Continue for Computer Associates

Computer Associates (CA) will delay its fourth quarter and full year financial results, according to their announcement this week. CA was expected to post 2 cents per share earnings for their fourth quarter, according to the Register.

IRS Successfully Executes Electronic Filing of Nation’s Largest Tax Return

The Internal Revenue Service (IRS) corporate e-file program took a significant step forward by successfully processing the nation’s largest tax return. On May 18, General Electric (GE) e-filed a 237 megabyte tax return file that would have been approximately 24,000 pages long on paper.

Sharp Commission Makes Recommendations Increasing Professional Fees

In seeking a “fairer way” to overhaul Texas’ inefficient business tax structure, Gov. Rick Perry named members to the bi-partisan Texas Tax Reform Commission chaired by John Sharp.

IRS Eases Reporting Burdens on Corporations and Shareholders

As part of an ongoing effort to remove impediments to e-filing, the Internal Revenue Service (IRS) has announced regulatory revisions designed to reduce the reporting burden on corporations and shareholders.Advertisement


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