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Facebook has reportedly paid only about $315,000 in taxes in the United Kingdom last year, even though the social networking giant reported U.K. revenues of about $32.8 million and is estimated to have earned over $281 million in the U.K.

The American Institute of CPAs has issued Technical Practice Aids with information to help insurance entities with their accounting.

The Institute of Management Accountants has announced the winners of its two academic awards, the 2012 Emerging Scholar and IECJ Case Competition.

The American Institute of CPAs has announced the names of the 34 CPAs who make up the 2012 Leadership Academy graduating class.

ParenteBeard LLC has formed a “China desk” within the firm to provide clients with consulting services related to China, effective immediately.

Federal charges have been filed against 40 defendants in 20 separate cases in Florida dealing with thousands of stolen identities and millions of dollars of fraudulent identity theft tax filings.

An accounting construct known as permanently reinvested earnings is helping U.S.-based multinational corporations keep tens of billions of dollars in profits overseas, according to a new study.

Cloud-based financial planning and reporting technology provider Adaptive Planning unveiled it Fall 2012 Release which introduces new capabilities to support collaborative planning and approval processes for companies with large and complex organizational structures.

Audit confirmation service provider Confirmation.com has enhanced its latest product release through a complete redesign of the auditor's platform, a new paper fulfillment service and a batch upload capability.

Check out the digital edition of the October 2012 issue of Accounting Today.