Love tax theory, hate tax application

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, isContinue reading “Love tax theory, hate tax application”

Go west! Or east, or north, or south!

One of the great things about this accounting profession I’m in is the multitude of opportunities available to travel and work abroad, given that many large firms here in Canada are international. I was just reading an article in BusinessWeek about KPMG, where the head of campus recruiting was under the impression that their internationalContinue reading “Go west! Or east, or north, or south!”

NAFTA super highway to accelerate North American trade

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 enterContinue reading “NAFTA super highway to accelerate North American trade”

Nortel completes latest restatement

Nortel released their 2005 financials Friday and completed more restatements of prior years’ results. The restatements related to revenue recognition and decreased revenues and net income because the revenue should’ve been booked in different periods. Maybe this will mark a turning point for the Canadian communications equipment company and they can retain (or regain) theirContinue reading “Nortel completes latest restatement”