Soaring price of oil leads to shortage of accountants

Scotland is beginning to sound a lot like Alberta: The booming oil price is fuelling an accountancy recruitment crisis in Aberdeen as other firms struggle to match the salaries being paid by the cash-rich energy companies. Multinationals such as BP, Shell and Schlumberger are taking advantage of the near-record price of a barrel to pay […]

Exxon Mobil’s profits and taxes: both records

Exxon Mobil announced recently the highest annual profits by a US corporation in history. Reaction was predictable – the US Congress was littered with outraged politicians calling for a windfall profits tax. But that would be wrong, and the Tax Foundation can explain why much better than I: While they were recording record profits last […]