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Friday, February 20, 2015

Iceland convicts bad bankers and says other nations can act

Le Monde owner’s criticism of HSBC leak coverage lays bare fragility of press freedom Guardian 

Iceland convicts bad bankers and says other nations can act Reuters

Tax haven explosion puts hole in corporate tax

Two J. P. Morgan Executives Connected to Asia Probe Pushed Out Wall Street Journal

Benjamin Alarie (Toronto ), The Challenge of Tax Avoidance for Social Justice in Taxation

Paris passes vote to sue Fox News Associated Press

Experts: Unaffordable rents here to stay Housing Wire

Sweden cuts rates below zero as global currency wars spread Ambrose Evans-Pritchard, Telegraph

Why Putin’s Days Are Numbered Foreign Affairs Not sure about this assessment - Valdimir is cunning like no ones else I know...

Here’s how a $50 Drop in oil prices affects every country in the world Business Insider

In an attempt to regulate the multi-billion dollar tax preparer industry — which employs hundreds of thousands of employees — the Internal Revenue Service (Service) began developing rules pertaining specifically to non-professional tax return preparers, previously unregulated by the Service. However, the Service’s attempt to expand its regulatory reach over non-professional tax return preparers was short-lived. It resulted in a severely damaging decision in Loving v. IRS, in which the court concluded that the Service had only limited statutory authority to regulate non-professional tax preparers. While the Service focused its attention on additional ways to rein in tax return preparers, tax professionals took notice of the Loving I and II decisions as they might apply in a broader context, and an important question arose: to what extent can the Service regulate those tax professionals, such as lawyers and certified public accountants (CPAs), if the tax professional only provides tax advice or mere tax preparation services but does not “represent” taxpayers before the Service?

Swiss prosecutor raids HSBC premises Financial Times. This is major.

A senior writer at the Daily Telegraph has dramatically quit the newspaper after accusing its owners, the Barclay Brothers, of suppressing reports about the HSBC scandal out of fear of losing advertising revenue.  Peter Oborne resignation: Senior writer dramatically quits Telegraph over HSBC allegations Independent 
PETER OBORNE QUITS TELEGRAPH Guido Fawkes. Richard Smith: “Torygraph earthquake”.