Replies to post #129361 on Zeev's Turnips Patch-No Politics (ZEEV)

[augieboo]

Porter, those are excellent questions to which I, unfortunately, do not have any answers.

[market_watcher]

Not just accounting, but tax law as well.

I had one finance professor who said that the biggest impact one could have on a corporation's finances was to work in the tax planning division. For every dollar of earnings that you can keep out of the taxman's hands, it's like earning 35% in the market.

Plus, tax accounting is the only place where you really know what the earnings are in a company. That's why companies fight tooth and nail every time investors want access to the tax accounting books.