Tuesday, June 23, 2015

Resources: Millionaires control 41% of world’s wealth

Increased scrutiny about the lack of taxes multinationals pay has the c-suite sweating about its brand. Rather than move to pay more tax, multinationals are gearing up for a public relations battle. Big-four accounting firm EY has put out a report for its clients that acknowledges the reputation of multinationals has dived.
Multinationals gear up for a PR battle on tax; Link to  A new mountain to climb

Walmart’s black mark Phnom Penh Post 

Treasury Inspector General for Tax Administration – Reduced Budgets and Collection Resources Have Resulted in Declines in Taxpayer Service, Case Closures, and Dollars Collected

Lion and cub links
In California, Uber driver is employee, not contractor Reuters. Couldn’t happen to a nicer bunch

Jim Maule, How Does a Politician Fix a Tax Law The Politician Doesn’t Understand? Well, they’re obviously perfectly willing to enact tax laws they don’t understand in the first place. Yet for all the demonstrated incompetence of politicians, Prof. Maulewants to put more things under their control.