Top Fiscal Stories – Subscribe to Fiscal here

Staying Out of the Red: A State Auditor’s Take on Pension Reporting Standards

A hot topic of discussion amongst taxpayers and public employers alike is how to properly manage our public employee pension systems and make sure that pension obligations are met. In June 2012, the Government Accounting Standards Board (GASB) issued Statement 68, requiring governments that provide defined benefit pensions to recognize their long-term obligation for pension benefits as a liability on their financial statements. In Ohio and across the country, public employees provide their...

Treasury Fights to Slow Tide of Burger King-Style Corporate Inversions

Earlier this month, the U.S. Department of the Treasury announced new rules to limit tax benefits for US companies merging with foreign corporations or moving their global headquarters overseas to avoid the country’s double taxation of profits.  Known as “corporate inversions,” such arrangements were recently brought to the public eye when Miami-based Burger King purchased the Canadian breakfast-food chain Tim Horton’s. Rational Decisions Often, the motivation for an inversion is the...

Read the latest issue of Budget and Tax News

A monthly publication featuring the latest news on the issues that matter most.

Latest News in Fiscal

Syndicate content