The Rise of the Artificially Intelligent Hedge Fund Wired
Robert Wood, Bank Julius Baer Hit With $547M Criminal Tax Evasion Penalty, Two Bankers Plead Guilty
An Idiot’s Guide to Prosecuting Corporate Fraud Dave Dayen, Intercept
Labor senator Sam Dastyari has warned there is something "fundamentally wrong and rotten" with Australia's entire political system, claiming there are 10 huge companies with so much power and influence they have killed proper democratic process at the federal level in this country.
In a firebrand speech in Canberra this week, delivered with the enthusiasm of someone with their eye on the party leadership, Mr Dastyari told a Politics in the Pub audience that he thought he understood power before coming to Canberra as a senator. But his time in Parliament House has opened his eyes to the realities of the political-business nexus in Australia in a way he could not have anticipated
"Four banks, and we all know who they are – the Commonwealth Bank, NAB, Westpac, and ANZ – three big mining companies, in Rio Tinto, BHP Billiton, and Fortescue Metals, you've got your two big grocery chains, and you've got your big telco, which is Telstra"
Cyber security is climbing its way up the boardroom agenda as UK firms face determined attacks from organised hackers Cybercrime
Tax Haven USA – part two: Rothschilds (nearly) confirms Tax Justice Network position
Tax Haven USA – part one: 12 New York law firms advise on how to move dirty money to the USA
Tax bosses cosy up to corporate giants but threaten ordinary people
Paulson Pledges Personal Holdings to Back Firm After Assets Fall Bloomberg. Resilc: “Except the ones in Caymans, Swiss, Singapore, Dubai and….”
Richest US universities reel in donors Financial Times
Automated Ports Have Dockworkers in the Netherlands Threatening Strikes Motherboard
China accuses George Soros of ‘declaring war’ on yuan Guardian
Laika, the first dog in space, has her capsule built around her. No provisions were made for her return, and she died in orbit. 1957
While businesspeople travel in order to trade or invest, more than half of international business travel seems to be related to the management of foreign subsidiaries. The global economy is increasingly characterized by global firms, which need to deploy their know-how to their different locations around the world. The data show that there is almost twice the amount of travel from headquarters to subsidiaries as there is in the opposite direction. Exporters also travel twice as much as importers.
via Ricardo Hausmann, with further interesting points ...
Paul Battista (Law Office of Paul Battista, Manhattan Beach, CA), The Taxation of Crowdfunding: Income Tax Uncertainties and a Safe Harbor Test to Claim Gift Tax Exclusion, 64 U. Kan. L. Rev. ___ (2016)
Revolving Doors: Google spreads tentacles inside political class
The problem with cash transfers: the people who don’t get them grow angry
“Energie Who?” you’re perhaps wondering. Energie Future was only registered in August, and its managing director is Sydney entrepreneur and economic optimist Rick Somerton, who in a past life headed the GET travel and conference group. Energie appears to have hired the friendly folk at Cato Counsel to handle PR, although they’re not lobbying the Commonwealth yet. Such lobbying will be needed, as approval for the project will depend on the Commonwealth because of the impact on matters of national environmental significance. The office of Environment Minister Peter Garrett — who’d have a fine view of the drilling rigs from his beachside electorate of Kingsford-Smith — says it is yet to receive an application. Setting Sydney’s coast on fire
Digital currency firm co-founder admits to US money laundering charge
Moscow may hit Google, Apple and Facebook with a 'technology tax'
The Economist, Going After Google: