“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in […]
Accounting and Accountants
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Back to news homeOfficials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.
The drug company Perrigo had a problem.Consultants at the giant advisory firm EY had devised an elaborate arrangement that would allow Perrigo, one of the country’s leading makers of nonprescription […]
How Accounting Giants Craft Favorable Tax Rules From Inside Government
This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling off” period that restricts government officials […]
Greensill Capital: The Collapse of a Company Built on Debt
LONDON — The courthouse should have already been closed for the day.At a hearing that began at 5 p.m. on March 1, lawyers for Greensill Capital desperately argued before a […]