New Jersey residents have been hit by their government with a 7% tax on iTunes downloads (as well as other music download services such as Napster) this past week. The sales tax overall was raised from 6 to 7% in order to help the state fight their $4.5-billion deficit. Many are specu­lating that other states will […]

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FASB is coming out with some tough new standards relating to defined benefit pensions that is expected to result in signif­icant new liabil­ities (or increases to existing ones) for companies that had been accounting for their pensions under the more lax require­ments of the old standard. Defined benefit pension plans are definitely the more complicated […]

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Tax is a subject that is near and dear to my heart, but not because I occasionally fill out a tax return. Tax theory is fasci­nating and relevant stuff, but I won’t ask you to take my word for it. I think the reason why I like tax theory but hate applying tax law, is because […]

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I stumbled across this story through digg and it seemed pretty well supported even though it hasn’t been covered in the mainstream media at all yet. The Bush admin­is­tration appears to be planning for a Mexico-USA-Canada “super corridor” to bypass a couple unions. The new road will allow containers from the Far East to enter […]

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The French telecom company Alcatel is buying Lucent in what is reported to be a $13.5 billion acqui­sition made to improve R&D capabil­ities in both organi­za­tions. Lucent’s CEO, Patricia Russo, doesn’t speak French but will become the new CEO of the Paris-based giant. I wonder how well that’s going to work out. It will be […]

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