Between 2009 and 2012, Apple legally avoided U.S. taxation on at least $74 billion through a web of offshore subsidiaries more complex than anything financial experts say they have ever seen, according to a report by congressional investigators. Some offshore entities had no employees and were run directly from Apple's headquarters in Cupertino, Calif.
Proxy advisers are stepping up scrutiny of corporate policies that allow executives to pledge company stock as collateral for loans. These so-called pledging policies can lead to executives selling their stock at inopportune times for the company.
The Securities and Exchange Commission has approved the 2013 U.S. GAAP Financial Reporting Taxonomy. Companies may now proceed to use the taxonomy as they format and tag their financial statements in eXtensible Business Reporting Language. The Financial Accounting Standards Board assures users that the changes are minor.