HBS Bulletin
Since when do the taxman and the shareholder agree? IRS Commissioner Mark Everson and SEC Chairman Christopher Cox (MBA ’76) have advanced a simple, but controversial proposal. Companies would be required to disclose how much they pay in taxes — an amount, remarkably enough, impossible to decipher from public filings. Their proposal, which will likely meet fierce opposition from accountants, lawyers, and managers, is a laudable first step in restoring sanity to U.S. corporate profit reporting.
