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The Talking Cat and the Peroxide Corporation

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Here's the plan, guys. Our stock, listed in China, sells at a huge price-to-earnings multiple of about 100. Let's go buy ...

Revising Retirement

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Beginning in the early 1980s, the tax code opened the door to various individual tax-deferral tools, largely known as in ...

Tax Cuts. As Easy As...

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

In an attempt to establish some form of fiscal discipline, the Senate adopted rules requiring 60 votes to approve a tax ...

Stock Investors Nervously Do the Math

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

You probably know that a low interest rate equates to a higher discounted value for a future stream of income. With that ...

Is Trump’s Tax-Cut Tactic Based on an Error?

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Eliminating the Affordable Care Act (ACA) does little to solve the Federal budget crisis. Eliminating the ACA also contr ...

Show Us Your Tax Reforms

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The last "huge" tax reform occurred in the mid-1980s, when the Ronald Reagan administration managed to slash top tax rat ...

Top GOP Senator Signals Tax Plan's Permanence Is 'Up in the Air'

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The old barb, "majority rules," does not seem to apply in the U.S. Senate. There, it seems, it takes 60 percent of the v ...

Planning for a Low-Tax, High-Deficit World

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

An IRA is an individual retirement account where current earnings are not taxed, but all of the investment is taxed at w ...

Health Care Needs the Individual Mandate

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

You probably think of the income tax system as a way for the government to raise money. It is, but it's also much more. ...

A Tax Showdown at the Border

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

What is a border adjusted tax (BAT)? This article, "A Tax Showdown at the Border (Bloomberg Businessweek, Marc ...

If Not Dodd-Frank, Then... What?

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The first chapter of your first accounting course introduced the concepts of assets, liabilities, and equity. Subsequent ...

SEC's Acting Chair Acts LIke He Runs the Place

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Jay Clayton's Senate hearings to confirm his role as SEC Chairman are pending. In the past, acting SEC leadership, await ...

Trump's 'Big Number' On Dodd-Frank

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

You may soon hear a cheer, as Dodd-Frank is in the cross hairs of regulatory reform. This set of rules was sold as a way ...

Ghost Lawyer

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Numerous celebrities have died in recent years, but their earning power goes on and on (and sometimes increases) as ...

How a Clever GOP Tax Plan Managed to Baffle Everyone

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The VAT (value added tax) is popular around the globe, but it has not yet hit the shores of the United States. That may ...

Startup Behavox is Using AI to Build a Sort of Minority Report for Rogue Traders

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Behavox is a sophisticated computer system that catalogs and observes human behavior in an attempt to identify rogue emp ...

Are You There God? It's Me the Pillow King

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

In only months, MyPillow saw sales soar from zero to almost $100 million. Employee head count quickly grew to 500. ...

A GOP Plan to Tax Gifts for Wealthy Schools

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The tax code is filled with many special provisions, exeptions, and benefits. It seems that the goal of raising rev ...

Hyperinflation: The Bolivar's Historic Fall

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

The dollar is the designated currency in the U.S. Venezuela has their own currency called the Bolivar. The Bolivar's pur ...

Trump's Tax Bill For Global Warming

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Trump's oceanfront club, Mar-a-Lago, in Palm Beach, Florida, is facing serious levies to generate funds to combat rising ...

Heavenly Tax Reform

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

It is no longer a secret that America's corporate tax rate is highest in the developed world and has limited growth. It ...

For Rich Families, A Change in Tax Plans

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Think about this. The expansion of the estate tax exemption likely means you'll inherent more of your parent's estate ra ...

A Would-Be Uber Rival's Ride to Nowhere

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Karhoo, a London-based startup with designs on Uber and Lyft, quickly hired employees and sought to raise fresh capital, ...

Why Trump Is Making Bond Markets Nervous

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Accounting students invariably study bond accounting and bond pricing. For most of the past decade, the subject may have ...

Exit the Old Elite

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Simplification of the tax code. Elimination of Dodd-Frank regulations. Scaling back of Sarbanes-Oxley. These are but a f ...

A License to Print Plastic

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Cash is increasingly losing its relevance, as the digital economy has caused a dramatic shift in the methods of transact ...

Advising on Tax Moves And Auditing Them, Too

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Facebook's auditor is EY, the same accounting firm that designed much of its tax strategy to shift income to lower tax v ...

The ABCs of India's GST

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

India is the latest country to add a GST (similar to the value added tax in use in much of the world). These types of ta ...

Monetizing Lost Vacation Time

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

"Monetizing Lost Vacation Time" (Bloomberg Businessweek, October 17-23, 2016) provides an excellent case study on accrue ...

Your Prescription Gets A Rebate - for Insurers

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Insurers are getting rebates from pharmaceutical companies, and those rebates might be unfair to patients who are not di ...

This Deflation Has Grocers Fed Up

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Anyone who has ever considered investing in retail has been acclimatized to assessing growth rates of the associated bus ...

What Do You Do With a Spare Deepwater Rig?

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Cold stacking is the term used to describe the status of an idle drill ship. When a productive asset is no longer in use ...

More Older Americans Are Still Working - But Not All of Them Want to

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Maybe you are frustrated with the data on availability of new jobs, and also wondering why your parents continue to work ...

#ExxonKnew Now What?

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

"#ExxonKnew Now What?" (Bloomberg Businessweek, September 12–18, 2016) provides an interesting look at how en ...

It's Tough Being a Small Fry at McDonald's

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

A franchisor typically pays an initial fee to obtain the operating rights to operate a branded store in particular geogr ...

This Is Your Company on Blockchain

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

You will soon know a lot about blockchain. Today may be your first exposure to the term. In its simplest form, it is acc ...

Phantom Nukes That Charge Real Money

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Some say yes and some say no to the idea of regulators setting electric power rates to recover costs of failed projects, ...

Mark Weinberger, CEO EY

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

EY's CEO provided a candid interview highlighting employment practices at his firm, and his observations are not unique. ...

The Art of Shadow Banking

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Money laundering is the process of channeling illegally gotten cash into sources that appear legal. Long associated with ...

Becoming a Tax Haven Is Harder Than It Looks

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

With Brexit portending an economic slowdown for the UK, some are suggesting the opposite. They say the UK may flourish i ...

The Bull Market You Haven't Seen

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Every business student has studied present value and been taught about the inverse relationship between bond prices and ...

The CFA Exam's Toughest Question: What's the Payoff?

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Most business students are familar with the long-established CPA exam. It is a prerequisite to licensure to practice pub ...

Wanted: Accountants With Hearts of Stone

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

This is actually a review of an peer-reviewed journal article detailing a study by a couple of accounting professors in ...

A Big Fat Tax Is Coming For the Hedge Fund Elite

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Much is said about offshore accounts and their taxation. It is an area that is hard to understand and seems reserved to ...

Farming Big Data

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

You have been hearing a lot about big data and its vast implications in all disciplines, including the implications for ...

Japanese Choose the Mattress Over Banks

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Japanese banks have joined the throngs of global financial markets that now charge depositors rather than pay interest. ...

Tax the Rich!

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Voters in Maine will soon vote on a policy to impose an additional 3 percent tax on incomes in excess of $200,000. Once ...

How Finance Ruined Business

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

To quote from Makers and Takers: The Rise of Finance and Fall of American Business, "Modern capitalism is the product of ...

The State of the 401(k) - A Limited Reach

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Since about the early 1980s, there has been a steady drumbeat of growth in tax deferred savings accounts. Popular among ...

The AAA Rating Club: Johnson & Johnson and Microsoft

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

ExxonMobil was just dropped from the elite club of AAA-rated borrowers, and the market value of its debt barely budged. ...

Yahoo! is Worth Approximately -$8 Billion

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Yahoo! holds a fabulous list of tangible and intangible assets. Included are valuable investments in companies like Alib ...

I Don’t Know, I Just Work Here

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Companies like Uber that have exploded onto the scene in recent years are reforming the ways people work, and how they s ...

Sharing Everything But the Wealth

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Airbnb, Uber, Google, and others have learned how to assign their technology to foreign venues with low tax rates and th ...

Pin the Value On the Unicorn

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

In mythology, a unicorn is the fabled horse carrying one horn. In business, it is the latest moniker for companies sport ...

The Incredible Rise and Final Hours of Fracking King Aubrey McClendon

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

On March 1, CEO of Chesapeake Energy Aubrey  McClendon was indicted for bid-rigging on oil and gas leases. The ...

The Man With The Black Envelopes

Larry Walther, Ph.D., CPA, CMA, Accounting & Taxation

Valeant Pharmaceutical’s stock, after climbing from $13 in 2008, to $263 in 2015, is now on the ropes, trading at ...

Citigroup Faces Fraud Suit Claiming $1.1 Billion in Losses

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Citigroup Inc. was sued for fraud by investors and creditors of a bankrupt Mexican oil services firm over claims they we ...

Google Isn’t Paying the ‘Google Tax’

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Close to four years ago, Europe began to notice that some of the world’s biggest technology companies were paying ...

Deutsche Bank Investors Get a Scare

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Shares in Deutsche Bank tumbled on Feb. 9 to their lowest point since 1992. The biggest thing driving investors’ p ...

Under Armour’s Most Valuable Players

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

When Under Armour re-signed an endorsement deal with NFL quarterback Cam Newton of the Carolina Panthers before the curr ...

The World’s Favorite New Tax Haven Is the United States

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

After years of lambasting other countries for helping rich Americans hide their money offshore, the United States i ...

Facing a Price War, Uber Bets on Volume

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Uber recently reduced its rates by 10 percent to 45 percent in 100 cities across North America. In Detroit, Uber drivers ...

The IPO Aimed At Iran

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Saudi Arabian Oil confirmed on Jan. 8 that it’s studying options for a possible initial public offering. Why would ...

Spotify Isn’t Laughing Off This Lawsuit

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For the past few years, Spotify has been the music industry’s dream: a popular online service that’s also wi ...

The Sustainable Locally Sourced Free-Range Humanely Raised Made-to-Order Toxic Burrito

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Fifty-three people in nine states have been sickened with the same strain of E. coli; 46 had eaten at Chipotle in the we ...

How 'The Big Short' Hollywood-ized the Financial Collapse

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The Big Short—based on Michael Lewis’s account of the 2008 financial crisis—is a ruthless takedown of ...

Another Way For States to Get Federal Help

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Kansas Governor Sam Brownback is among the 19 Republican governors who have consistently refused extra federal dollars u ...

SoftBank’s $3 Billion Startup Incubator

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Nikesh Arora is the 47-year-old president of SoftBank, who splits his time between Silicon Valley, Japan, and India. Aro ...

Fidelity Sends a Chill Through Silicon Valley

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Dropbox’s decision to raise funds privately last year was supposed to buy the cloud storage provider time to prepa ...

Carnival Rocks the Boat

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Carnival Chief Executive Officer, Arnold Donald, was given a mission after fixing Carnival's biggest operational problem ...

A Wal-Mart Heir is $27 Billion Poorer Than Everyone Thought

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Ever since Wal-Mart heir John T. Walton died 10 years ago in a plane crash, it’s been widely assumed that he passe ...

Hang $99.99

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

On a recent Saturday along the Los Angeles coast, from Venice Beach all the way up past Malibu, tens of thousands of sur ...

No-Retirement-Plan Starter Pack

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Even as people live longer and must save more for old age than prior generations, most cannot depend on help from employ ...

Smartphone Margins

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Together, Apple and Samsung account for more than one in three smartphones sold. More important, Apple vacuums up more t ...

Heir Conditioning

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

It’s a Saturday morning in March, and Liam Whitfield is sitting with two dozen teens in an antiseptic meeting room ...

Uber Tells Judges to Read the Fine Print

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Uber’s California drivers are battling to be treated as employees with benefits rather than independent contractor ...

Hitting It Big As a Regulator

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

At least three candidates are jockeying to become chair of the Public Company Accounting Oversight Board (PCAOB), a litt ...

REITS May Not be the Answer for Retailers

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Activist investors are pushing retailers and restaurant chains to spin off their property into a real estate investment ...

Republicans Tap Their Own Tax Mavens for '16

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In 2012, the dominant voice when it came to judging candidates’ proposals—from Herman Cain’s 9-9-9 pla ...

The Sharing Economy Comes to the Farm

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Three months out of the year, the 5,500 members of the Heartland Co-op push their sprayers and fertilizing machines to m ...

Things Are About to Get Ugly at Kraft

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Warren Buffett teamed up with 3G Capital, the private equity firm founded by some of Brazil’s wealthiest men and k ...

The Arctic or Bust

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Royal Dutch Shell geologists believe that a prospect called Burger J. Company—70 miles offshore and 800 miles from ...

Salesforce Gets a Dose of Oracle Discipline

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

More than a decade ago, Salesforce.com became the first powerhouse tech company built entirely around sales and customer ...

The Google Tamer

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

To whip Google’s financial numbers into shape, the company has brought in Ruth Porat, an almost 30-year veteran of ...

Getting High on Their Own Supply

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Wall Street analysts are gloomy about corporate performance in the second quarter, predicting that profits fell 6.5 perc ...

HSBC Managers Battle the Cleanup Squad

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

HSBC Holdings Plc, smarting from a $1.9 billion fine for providing banking to money launderers and sanctions-dodgers, pr ...

Need a Risky Loan? That's a Job for Jefferies

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

When New York-based private-equity firm Veritas Capital picked Jefferies Group LLC this month to manage a $1.4 billion b ...

L.A. Fans Pray for an NFL Team of Their Own

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

After Albert Robles, mayor of Carson, Calif., and the other two council members cast their votes for a new $1.7 billion, ...

The Agency That Barely Moves

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

While the Justice Department, Federal Reserve, and other regulators prepared the final details of a multibillion-dollar ...

Wine Wars

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

At his small winery in the foothills west of Madrid, Fabio Bartolomei points out a few things the giants in the industry ...

McDonald’s Revamp Has Missing Ingredients

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

McDonald's promised the world a grand turnaround plan, and the new chief executive, Steve Easterbrook, said "The reality ...

George Soros’s Tax Bill

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying ...

Amazon Cloud Is Worth How Much?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In 2004, Sun Microsystems revealed a radical plan to build a series of large data centers and sell access to the compute ...

The Secret Sauce

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Minneapolis-based Buffalo Wild Wings has grown from about 300 U.S. locations to more than 1,000 in the past decade, with ...

A New Rule Could End Up Punishing the Wrong Banks

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

A rule designed to reduce risk in the financial system could end up punishing the wrong banks. That’s what some sa ...

Ordinary Investors Now Have an Advantage Over the Pros

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Pigs still can’t fly and hell hasn’t frozen over, but interest rates have gone negative, and that’s we ...

Sirius Business

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Since 2005 Howard Stern’s show has appeared on SiriusXM, which charges subscribers from $9.99 to $18.99 a month. I ...

Making Washington Fall in Love With Pizza Again

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Some 41 million Americans — more than the population of California — eat a slice of pizza on any given day. ...

Bloomberg View: Turn the Gas Tax Over to the States

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

A bill advancing through the Iowa legislature would add 10 cents to the state’s 22 cents-a-gallon gas tax. Members ...

Are Credit Suisse, RBS, Standard Chartered, HSBC, and Barclays Terrorist Banks?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

A current Brooklyn lawsuit seeks hundreds of millions of dollars not from terrorist death squads but instead targets fiv ...

The Weirdest Tax Loopholes

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

According to the article, some of the strangest tax breaks are as follows: - Many alumni can’t get tickets to thei ...

Who Doesn’t Love a Discount? The Taxman

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The online booking company Expedia displaced travel agents by packaging and selling discounted airfares and hotel rooms. ...

Whole Foods, Half Off

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

John Mackey, the co-founder and co-chief executive officer of Whole Foods Market, is the graying heartthrob of mindful g ...

The Perils of Bottom Feeding

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Over the past six months, oil prices have plunged more than 50 percent to below $50 a barrel. That’s spurred ...

Read Delta's Lips: No New Taxes

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Delta Air Lines (DAL) earned $2.7 billion last year but paid no income taxes because of the big losses it post ...

A Retirement Toast

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Gregg Steinhafel, who stepped down as chief executive officer of Target last May following a massive credit card data br ...

Amazon Sorts Itself Out for the Holidays

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Delays during the 2013 holiday shopping season forced Amazon to refund shipping charges and to issue gift cards to disap ...

The Greatest Tax Story Ever Told

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

John Carroll Jr. invented a whole category of corporate tax avoidance called “inversions.” The first was obs ...

Sudden Bankruptcy in the Oil Business

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

When fuel supplier OW Bunker went public in March, raising $530 million on the Copenhagen stock exchange, the shares ros ...

How America Learned to Live and Thrive with Debt—er, Credit

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

At the peak of the credit bubble in 2006-07, rich and poor alike were deluged with offers of credit. The invention of &l ...

Roy Choi Wants to Feed Non-Foodies

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

New York restaurateur Daniel Holzman knows firsthand the drawing power of Roy Choi, the Los Angeles-based chef-turned-go ...

Merchants Try to Trim Many Unhappy Returns

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The Christmas season is a windfall for retailers, who book as much as 40 percent of their annual sales during the s ...

In the Digital Age, Paper Coupons Still Rule

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In the weeks leading to Thanksgiving, General Mills will flood newspapers with millions of paper coupons for c ...

Expert Outlook: Harold Hamm

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Harold Hamm is the chairman and chief executive officer of Continental Resources, the largest independent producer in No ...

Will Wall Street Love Fracking as Prices Fall?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

On September 4, oil traded at about $95 a barrel. By October 28 it was $80, and falling prices are testing investors&rsq ...

Samsung’s China Problems Come to India

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Consumers in India bought 44 million smartphones last year, close to 200 percent more than they did the year b ...

Facing America’s Other Middle-Class Squeeze

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Only 34 of the Fortune 500 companies offered conventional pensions to new hires in 2013.  In 1998, more than half o ...

Side Effects May Include Large Profits

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Treato, an Israeli data-mining company, monitors conversations on Facebook, Twitter, and patient forums for information ...

Can Renault Keep Dacia Cheap?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Since Renault bought Dacia in 1999, it has overhauled the company to build Europe’s cheapest car. Running at 95 pe ...

Alibaba’s Big Splash

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Alibaba Group’s initial public offering was a success by any measure. At $25 billion, it was the largest in histor ...

Foreign Companies Cry Foul at Chinese Probes

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In China, a recent flood of regulatory actions and bad press about foreign businesses has those companies feeling unwelc ...

Netflix Looks to the Old World for New Growth

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

This month, Netflix, the world’s largest subscription streaming video service, will offer the original series ...

Made in Memphis

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Rather than sink more money into an old plant, Sweden-based Electrolux decided to move where it could operate more cheap ...

The Ninja Turtles Save Summer

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For the first time in 12 years, domestic box office revenues for the month of July failed to reach $1 billion. June&rsqu ...

Taking AIG From "Sucks" to "Rocks"

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

On Sept. 1, Peter Hancock, 56, now head of the American International Group (AIG) property and casualty u ...

Craft Beers Are Hot. Just Not in Mississippi

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

America’s breweries cluster along the coasts and in a handful of hoppy outposts, such as Ft. Collins, Colo., and A ...

IPOs Are Getting Bigger, Maybe Not Better

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Initial public offerings used to offer investors chances to get in on the ground floor of young, fast-growing companies. ...

The Highway Trust Fund to Hell

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

By early August, the country’s Highway Trust Fund will be so low on funds that the Department of Transportation wi ...

Big Enough to Drive a Government Contract Through

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Ingersoll-Rand Co. forged the tools that carved the Panama Canal and shaped Mount Rushmore. When the company shifted its ...

What Are They Doing at Monsanto?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In a Harris Poll this year measuring the “reputation quotient” of major companies, Monsanto ranked third-low ...

How to Go After White-Collar Crime

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief. If any committ ...

If Only They Had Listened...

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

An investigation has shown how a flawed ignition switch in the Chevrolet Cobalt could easily slip into the “off&rd ...

Hate Taxes? Be Thankful You’re Not a Pro Athlete

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Twenty-one states and eight cities that are home to major professional sports teams—including Detroit, Kansas City ...

Asia Is Getting Its Own Love Boats

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Cruise lines are betting that the growing number of middle-class consumers in China are keen to sample chocolate buffets ...

Modesty is the New Abercrombie

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The three A’s -- teen apparel retailers Abercrombie & Fitch, American Eagle Outfitters, and Aéropostale ...

Americans’ New Piggybank: The 401(k)

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Money in tax-deferred retirement accounts can be withdrawn without penalty after age 59 1/2 and generally must be with ...

Are You Done With That? How Lenovo Makes Fat Profits on Slim Pickings

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Earlier this year, Lenovo said that it was buying Motorola, the iconic mobile phone brand, from Google for $2.9 billion, ...

Why Medicare Keeps Paying Sketchy Docs

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Eight years ago, California took away Dr. Gary Ordog’s right to bill the state’s Medicaid insurance program. ...

Big-Box Cutter

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

When he bought Speed’s Power Equipment in 1991, Sam Wilson felt the thrill of owning a small business wear off qui ...

States Target Corporate Cash Stashed Overseas

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Members of Congress have complained for years about U.S. corporations that park profits overseas to avoid paying federal ...

An Immodest Proposal

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Bill Gates’ wealth as of April 8 totaled $79 billion, up $16 billion in just the past two years. Gates is the most ...

Casinos Know When to Fold 'Em

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The Harrah’s casino in Tunica, Miss., features a spa, three pools, a golf course, and a shooting range. But there& ...

Pandora's Stock Rally Isn't Solving Its Problems

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Since Brian McAndrews became chief executive officer of Pandora Media in September, the stock price of the music streami ...

In 401(k) Plans, a Little More Makes a Big Difference

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For a company that has caught heat for the low wages it pays workers, McDonald’s has a retirement saving ...

Tax Preparers Push the Benefits of Obamacare

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Tax-preparation services are turning out to be a great help to the Obama administration in its efforts to sign up uninsu ...

Your Wilting Retirement

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The increase in 401(k) retirement savings over the last few decades was supposed to help secure and boost the retirement ...

Nissan Moves to the Back of the Pack

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Nissan Motor Co. has become Japan’s least profitable carmaker at a time when the weaker yen is driving up earnings ...

Northeast's Record Natural Gas Prices Due to Pipeline Dearth

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Temperatures in New York City hit 7 degrees Farenheit on Jan. 22, a day after the price to deliver natural gas into ...

No Tax Breaks for Boats

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For years some have criticized a provision in the federal tax code that allows boat owners to deduct mortgage interest o ...

Putting a New Name on an Old Idea to Fix Inner Cities

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

President Obama is proposing an inner-city redevelopment plan that's been tried before. Obama calls them “promise ...

Get Ready for a New “Green Rush”

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Investment interest in the marijuana industry has surged since 2012 when voters in Colorado and Washington legalized sal ...

No More Breeze at Their Backs

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

U.S. wind farms receive a $23 tax credit for every megawatt-hour of electricity they generate. (A megawatt-hour is enoug ...

Putin's Olympic Fiasco

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

At $51 billion, the Sochi Games are the costliest ever, surpassing the $40 billion spent by China on the 2008 ...

American Hustle

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Stuart Miller, CEO of homebuilder Lennar Industries, was surprised on Jan. 9, 2009, when something called the “Fra ...

Shift Change

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Mary Barra has been named to take over as CEO of General Motors, the first woman to hold that position at one of the maj ...

GE’s Lost Decade

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The stock of General Electric has dropped a third since Jeff Immelt took over as CEO and chair in 2001. After dividends, ...

Wal-Mart’s New Chief Faces Old Woes

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Doug McMillon is now the CEO of the $470 billion (market value) Wal-Mart empire. Unfortunately for McMillon and other re ...

Bad Loans Could Spark an Emerging-Markets Crisis

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Emerging markets recovered quickly from the financial crisis as consumers and companies went on a debt binge. Now emergi ...

Solar vs. Solar

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Next year, BrightSource Energy’s $2.2 billion Ivanpah solar station will begin generating enough electricity to po ...

The Battle Over Netflix

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The shares of Netflix tripled in value in the first nine months of the year, and for the first time Netflix surpassed HB ...

Hell to Pay

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

After the financial crisis, it seemed like the big banks were bailed out but never made to pay for their role in the cri ...

Mega Death

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Service Corporation International (SCI) has more than 1,800 funeral homes and cemeteries in the United States and Canada ...

Chevron’s $19 Billion Day in Court

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Big companies are increasingly taking the offensive against plaintiff’s lawyers who sue them. On October 15, Chevr ...

How Two Billionaires Rescued a Union Bank

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Amalgamated Bank is the nation’s largest union-owned lender. In August 2011 it was projected to have a $12 million ...

Nothing Man

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

As recently as 2012, Eike Batista was reportedly worth $34.5 billion. Today he might be considering banctruptcy. How did ...

The Slow, Profitable Death of GM’s Big SUVs

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

It might seem strange at a time when gasoline is as high as $4 per gallon, but reports of the death of the large SUV are ...

Despicably Profitable

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Despicable Me 2 has sold more than $840 million in tickets worldwide this year and has made Universal Pictures the top m ...

Finding Dick Fuld

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Dick Fuld was the man who led Lehman Brothers into the largest bankruptcy in U.S. history, precipitating a crisis in the ...

A Culture Clash in the Yogurt Aisle

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Just two years after releasing its first product in 2007, Chobani became the biggest U.S. seller of Greek-style yogurt. ...

Classing Up RadioShack

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For several years, RadioShack has been attempting to find a business model that will work. In the first six months of 20 ...

Splits End

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In the past, the conventional wisdom was that when a stock’s price got high it was best to split the stock, making ...

Leases Aren’t Just for Luxury Anymore

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Toyota Motor once used leasing to recoup from an embarrassing series of product recalls and the 2011 Japanese earthquake ...

The End

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Barnes & Noble is a $6.8 billion company with 675 carefully selected locations in every state in the country. It als ...

Let the Games Begin

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

ESPN for years has lacked any serious competition and, as a result, generates $9 billion a year for its parent company, ...

The Sun Tzu at Sears

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Under the leadership of Eddie Lampert, a reclusive hedge fund billionaire, the management style has changed drastically ...

Things Aren’t So Fab at Fab.com

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Fab.com now is selling goods in twenty-seven countries, has a staff of 650 people, and is spending millions on marketing ...

Switzerland Struggles With Bank Secrecy

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Switzerland has $2.2 trillion of assets from outside the country, but is trying to change the perception that it is a ta ...

In Brazil, Highway Robbery Is Just That

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Paranapanema is Brazil’s largest refined copper producer, and it is switching its domestic shipments to slow-movin ...

Dunkin’ Hopes You Stop and Smell the Coffee

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Dunkin’ Donuts is now redesigning stores to position its outlets a little closer to Starbucks stores. They are cha ...

Theme Parks Are on a Roll

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Theme park sales fell 5.5 percent, to $11.6 billion, in 2009, but have recently come roaring back. Theme park revenue is ...

The Deficit is Shrinking

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The Congressional Budget Office recently announced that the budget deficit will shrink this fiscal year to $642 billion, ...

The Only Man For The Job – And That’s the Problem

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Jamie Dimon, CEO of JPMorgan, is on a roll, despite a year of federal invesitigations questioning the company's possible ...

The Man Who Ate the Internet

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

On most weeknights, Netflix accounts for almost one third of all internet traffic in North American homes. Netflix has m ...

Some CEOs Are More Equal Than Others

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Even though the Dodd-Frank law ordered public corporations to disclose CEO-to-worker pay ratios three years ago, many co ...

An Ex-Wife Threatens Steve Wynn’s Casino Empire

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Steve Wynn’s ex-wife Elaine has asked a court for permission to sell the Wynn Resorts shares she owns. Unfortunate ...

A Comic Book Makes the Case for Loews

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Loews is a complex company that has tried a novel approach to get the message about its businesses out to investors. The ...

It Takes an Army -- And Advisors

Craig A. Turner, Ph.D., Accounting & Taxation

While the field of social entrepreneurism is still seeking a definition in many ways, it is already becoming a driving f ...

You Don’t Know Him. Your Accountant Will

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Dave Camp is chairman of the influential House Ways and Means Committee, and he intends to reform the tax system. Repres ...

At Tax Time, It’s Good to Be an American

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

In 2010 the United States government tax collections totaled 25 percent of GDP. On the other hand, in Denmark 48 percent ...

What Good Are Low Prices If the Shelves Are Empty

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

There are more and more reports of shelves being empty in Walmart stores, causing customers to go to competitors such as ...

Investors Favor Google Over Apple

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

The demand for Google stock has recently outpaced that of Apple's. Apple stock has fallen 20 percent recently, while Goo ...

Investing for the Apocalypse

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Climate change investments used to be primarily focused on efforts to stop global warming, such as wind farms, tidal-ene ...

The Blues Brothers

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Former Republican Senator Alan Simpson and Democrat Erskine Bowles, Bill Clinton’s former chief of staff, were mem ...

More Hidden Risks At Banks

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

United States Generally Accepted Accounting Principles allow U.S. banks to keep most mortgage-linked bonds off the books ...

The Tax Preparers Who Heart Obamacare

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Tax preparers are always looking for ways to diversify their business, and Obamacare may provide a perfect means of doin ...

Hacked? Who Ya Gonna Call?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Last week, a number of stories came out regarding news organizations such as the New York Times, Wall Street Journal, an ...

One Way to Fix Broken Roads: Stop Taxing Gas

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Several Republican governors would like to reduce taxes or eliminate some entirely. Kansas, Nebraska, and Louisiana are ...

The Surprising Upside to Currency Wars

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Japan’s policy is now to weaken the yen. In fact, the new inflation target in Japan is 2 percent, and the yen has ...

Gimme Shelter

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Tax havens used to be confined to a few tropical islands, but now extend to more than 70 jurisdictions. These countries ...

Fiscal Cliff Deal + Obamacare = Higher Taxes on the Rich

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

How will the fiscal cliff deal and Obamacare affect taxes? To begin with, the top tax rate for taxpayers with taxable in ...

The Hazards of Forecasting Apple

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

For a long time, Apple’s stock has gone in only one direction: up. It was speculated that Apple could become the f ...

Charlie Rose Talks to Kenneth Rogoff

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Kenneth Rogoff is a Harvard economist and best-selling author. He notes that China’s economy is slowing, India&rsq ...

The Foreclosure Wave That Wasn’t

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Because of potential legal problems, banks slowed down the foreclosure process two years ago. Analysts thought it would ...

Why Hewlett-Packard’s Impulse Buy Didn’t Pay Off

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Leo Apotheker took over as CEO of Hewlett-Packard (HP) two years ago after a successful career at German software maker ...

Bankers and Socialists Clash Over a Tax Break

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Wealthy foreigners in Switzerland can avoid paying any income tax by paying a flat fee -- called a forfait -- to their l ...

The Problem With Patching Up the Tax Code

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

House Speaker John Boehner favors broadening the tax base without raising tax rates by limiting the use of loopholes for ...

The Brutal Arithmetic of the Budget Deficit

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

U.S. taxpayers currently pay $2.4 trillion per year in taxes. Tax revenue consists of 46 percent individual income taxes ...

Companies Keep Piling Up Cash Overseas

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

U.S. corporations added at least $206 billion to their stockpiles of offshore profits last year, parking earnings in low ...

How Cheap is Craig Jelinek?

Larry Tunnell, Ph.D., CPA, Accounting & Taxation

Costco is the second-largest retailer in the U.S., behind Walmart.  Costco pays its hourly workers an average of $2 ...

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