The Northeast is experiencing an unrelenting heat wave. Why not stay cool with some tax and accounting news from around the world?
Arkansas lawmaker “surprised” at his arrest for not filing or paying state taxes since 2003. What’s that you say? It’s illegal not to file or pay taxes for 15 years? Who’d have thunk? He’ll probably be surprised to learn he owes $260,000 in back taxes, too. [WREG.com]
Bottoms up! Following intensive lobbying from beverage companies like Coca-Cola and PepsiCo, California governor Jerry Brown signed a bill banning local taxation of sugary sodas. Many cities in the state are “looking toward taxes to discourage people from drinking beverages linked to obesity.” [ABC News]
Move over, Nancy Drew—the forensic accountants are in town. Forensic accountants are the unsung heroes of Singapore. Here’s why. [Business Times]
SPOILER ALERT. Accounting Today has published its summer reading list for 2018. The headline claims it’s “summer reading for accountants,” but take our word for it – there’s a lot of good stuff for just about any adult on this list. (Where’s the spoiler, you ask? Fine: It was all a dream. Happy?) [Accounting Today]
The Wake-Up Call is The REM Cycle’s biweekly compilation of newsworthy articles pertaining to taxation, accounting, and life in general. Got a hot tip? Email us at REMCycle@rem-co.com.