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Friday, January 29, 2016

Hidden Wealth of Nations and Virtual Worlds

How the rich have only got richer since 2000

One super-butler is John Deery, in his mid-40s and a native of Northern Ireland. Along with planning travel arrangements for his principal, a businessman, and valeting, serving meals, and making sure visas are up to date, Deery manages three of his employer’s properties. One is in the Balkans with 34 staff, there is a London residence with another 12, and a third is being developed.
There is more intel just talk to Antipodean Polish Thomas Mann  of interest throughout, and you will note many of the employers are funded by oil, so perhaps this market is slowing down at the moment.
This surprised me a wee bit:
Particularly for wealthy employers from Middle Eastern, Asian or Russian backgrounds, one of the attractions of a British butler is their knowledge of the nuances of the traditional English way of dining or formal dressing.
Note this:
The average age of a newly employed butler is 41, and 40% of the people placed by the British Butler Academy are women…
It is less surprising to me that many super-butlers are former actors.

The servants making $150,000 a year BBC. No, not neoliberal economics professors, silly! Butlers!

Adobe Shifts Hundreds of Millions Offshore, Revealing, Like PDF Documents, Its Profits Are Portable Too (Tax Justice Blog). For some reason, this only inspires the Tax Justice folks to do what’s failing more and harder.

Daniel Hemel (Chicago), What’s the Matter with Luxembourg? (reviewing Gabriel Zucman (UC-Berkeley), Hidden Wealth of Nations: The Scourge of Tax Havens (University of Chicago Press, 2015)):
The Grand Duchy of Luxembourg is rarely the subject of international attention, much less the target of international opprobrium. With fewer than 600,000 inhabitants, it is less populous than the City of Milwaukee. With an area of under 1,000 square miles, it is smaller than the State of Rhode Island. Conquered twice by Germany and thrice by France, it is much more accustomed to the role of victim than villain. In the words of one New York Times writer, “Luxembourg is about as cuddly as countries come.”
MY USA TODAY COLUMN: Blow Up The Administrative State. “A smaller government would mean fewer phony-baloney jobs for college graduates with few marketable skills but demonstrated political loyalty. It would mean fewer opportunities for tax dollars to be directed to people and entities with close ties to people in power. It would mean less ability to engage in social engineering and “nudges” aimed at what are all-too-often seen as those dumb rubes in flyover country. The smaller the government, the fewer the opportunities for graft and self-aggrandizement — and graft and self-aggrandizement are what our political class is all about.”

French tax avoidance probe takes a new turn

Crickhowell: The Welsh town taking on Google, Amazon and Starbucks as it takes its business taxes 'offshore'

In Davos, a Chance for Entrepreneurs to Network With Top Leaders NYT. “Top leaders.”






The Israel Antitrust Authority has announced that nine tour operator executives have been arrested on suspicion of running a secret price-fixing ring that was aimed at artificially inflating the cost of trips to former Nazi death camps such as Auschwitz.
At least six tour operators are being investigated on suspicion of involvement in the alleged cartel. In some cases, the homes of company executives were searched and property confiscated. According to the publication Haaretz, one of those detained is also suspected of bribery.
pretty lizard
Bernanke: Don’t Worry, China’s $28 Trillion Debt is an “Internal Problem” Global Economic Analysis


BlawgWorld has selected and linked to 63 articles from the past week worthy of your attention such as 154 Google Tips From Google Itself

SmallLaw has selected and linked to 45 articles from the past week worthy of your attention such as Should We Kill Off the Term "Blog"?

TL Serendipity contains interesting stories.

Some Media Dragons are waving twitter arms, jumping up and down —- heck, doing everything but setting virtual office furniture on fire —- to draw the attention of the profit-hungry insurance companies that resist death benefit payout despite clear policy language
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PAM GELLER: The Nation That Gave the World the Magna Carta Is Dead

The P.C. Casting Call

The University of Louisville pulled back the curtain to expose an ugly law school secret

 "Judging a Bribe Is Hard If It's Unsuccessful": Online at Bloomberg View, law professor Noah Feldman has an essay that begins, "Who put the quid in the quid pro quo? Was it the same person who put the ram in the rama lama ding dong? The U.S. Supreme Court said Friday that it would consider a version of this eternal question in the appeal of Bob McDonnell, the convicted former governor of Virginia."

Kram iPants, call your office ... about HER MAJESTY’S “MOST SECRET” SERVER

New York Post editorial, Hillary Clinton’s Caymans-Tax-Dodge Hypocrisy
Now, the Israel Antitrust Authority has announced that nine tour operator executives have been arrested on suspicion of running a secret price-fixing ring that was aimed at artificially inflating the cost of trips to former Nazi death camps such as Auschwitz.
At least six tour operators are being investigated on suspicion of involvement in the alleged cartel. In some cases, the homes of company executives were searched and property confiscated. According to the publication Haaretz, one of those detained is also suspected of bribery.
- See more at: http://marginalrevolution.com/#sthash.aAhFHkwk.dpuf
Pro tennis player Andy Murray says more transparency is needed to fight corruption in the sport. (Australian Broadcasting Corp.) 

The Australian Taxation Office has been quietly sending some of its work to the Philippines for several months as the Australian Public Service moves closer to operating in Asia on a large scale. The office insists the offshore "application development" by outsourcing giant Accenture is done in a secure facility and that no data on taxpayers is being sent to Manila. Outsourcing ...
  
HMRC wins 'goodwill payments' tax battle against Smith & Williamson  

Read the judgement in THE COMMISSIONERS FOR HER MAJESTY’S REVENUE AND CUSTOMS v SMITH & WILLIAMSON CORPORATE SERVICES LIMITED; PATRICK SMILEY

My Electrician Drives a Porsche?: Investing in the Rise of the New Spending Class

What happens when a banking system shuts down?  A look at Ireland in the 1970s