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A roundup of news from around the profession from the previous month
February 1 -
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A new study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.
January 30
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Exact announced the addition of accounting capabilities to its cloud-based software for small manufacturers and wholesale distributors.
January 30 -
The IRS recently announced an expansion of the list of banks and advisors that trigger the highest penalty bracket within its Offshore Voluntary Disclosure Program.
January 30 -
