Friday, June 19, 2015

Show Me the Money

“It is therefore necessary that writers everywhere should see it as their ultimate duty to preserve artfulness of language by couching audacious prose. Our prose should be the Noah’s ark that preserves language in a world that is being apocalyptically flooded with trite and weightless words.” The Millions

Steven Rosenthal, The Rich get Richer, with a Little Tax Help (TaxVox).

A massive waterfall from melting pack ice. These masses are the only meltwater on earth and the undeniable proof of how swiftly climate change is advancing.
Images that will make you speechless

CPSU wages social media war as federal public servants take strike action
 Photos posted to social media by the union appeared to show that a Customs office in Western Australia was shut while a sign warned customers at Centrelink in Mirrabooka of delays because of industrial action. "We appreciate your patience and will try to ensure this has minimal impact on your visit to our site today," the sign said. "Where possible, we encourage you to use our online services or mobile apps."

For expatriates, the annual income-tax filing deadline is normally June 15, instead of April 15. In addition, all U.S. taxpayers with offshore accounts totaling more than $10,000 in 2014—regardless of where they live—have until June 30 to file FinCen Form 114, known as Fbar, a report giving details of the accounts

Britain's £100bn-a-year money-laundering problem: out of 14,000 tip-offs, police acted forcefully on seven  

Wall Street Journal:  The New Rules of Offshore Accounts, by Laura SaundersCrucial deadlines are approaching for millions of U.S. taxpayers who live abroad or have offshore financial ties.

LionessTP links

Kathryn Kisska-Schulze (North Carolina A&T) & Adam Epstein (Central Michigan), "Show Me the Money!"—Analyzing the Potential State Tax Implications of Paying Student-athletes, 14 Va. Sports & Ent. L.J. 13 (2014

Congressional Research Service:  Reform of U.S. International Taxation: Alternatives, by Jane G. Gravelle:

CzeslawMilosz“To believe you are magnificent. And gradually to discover that you are not magnificent. Enough labor for one human life.”  
— Czesław Miłosz, Road-side Dog 
David Saners over at Poetry News in Review brought “Miłosz and His Fans” in Ontario’s Brick Magazine to our attention, and we’re mightily grateful. Molly Wesling was an assistant to Nobel laureate Czesław Miłosz in the early 1990s (we’ve written about him here and here, and a gazillion other places). Her reminiscences of the Polish poet (here) absolutely sparkles with gems. Here are a few paragraphs:

Wall Street Journal, Tech Startups Woo Investors With Unconventional Financial Metrics — But Do Numbers Add Up? Critics Say the Practice Is Inflating Some Companies’ Valuations:
Hortonworks Inc. Chief Executive Rob Bearden forecast in March 2014 that the software firm would have a “strong $100 million run rate” by year-end. But the number looked a lot smaller after Hortonworks went public and then reported financial results: just $46 million in revenue last year.