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For example: the Nortel Networks Corporation accounting practice.
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After attaining an accounting diploma from an institution in Zimbabwe, I worked briefly for the government and Zimbabwe Broadcasting Corporation as an accounting officer.
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The overall picture is by now familiar to anyone interested in the news: Google, Amazon, Starbucks and many other multinationals are using different jurisdictions and complex accounting rules to avoid paying corporation tax.
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It is no coincidence that the majority of reasonable compensation cases involve a professional services corporation, such as law, accounting, and consulting firms.
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It conspired with the Financial Accounting Standards Board (FASB) to implement mark to market accounting despite objections from the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve and the Treasury, which said it was wrongheaded and would lead to severe credit contractions.
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The official accounting reports submitted by the Canadian companies and corporation are fake in many cases, hence the Canadian and global investors are intentionally misled with the aim to attract the foreign investors to invest in Canadian companies listed at Toronto Stock Exchange.
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The corporation will already be keeping a set of accounting books, will already have a checkbook.
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Based in Los Angeles, Audit Integrity evaluates hundreds of financial items on each corporation and scores companies in three key topics: accounting and governance, financial condition and earnings quality.
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Even accounting for the cost of setting up a regulator and a fall in corporation tax paid by the tobacco companies, the researchers estimated there was a large amount of extra tax to be made.
BBC: Health
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Cameco Corporation, based in Saskatoon, Canada, is one of the largest uranium producers in the world, accounting for 16% of global production, according to its website.
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