SINCE the launch of the Silk Road five years ago, dark-web markets have represented a shadowy and much-maligned corner of the internet. And the secretive nature of such sites makes them difficult to study. But last year a researcher using the pseudonym Gwern Branwen cast some light on them. Roughly once a week between December 2013 and July 2015, programmes he had written crawled 90-odd cryptomarkets archiving a snapshot of each page. The Economist has extracted data from the resulting 1.5 terabytes of information for around 360,000 sales on Agora, Evolution and Silk Road 2. There are, inevitably, flaws in the data. Mr Branwen’s scrapes probably missed some deals….”
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A current article says the government has arrested two people for praising the coup on social media.
With this report, Europe is stepping up to the plate on the fight against tax evasion and tax havens. We’re setting clear demands for increased accountability, effective deterrents in the form of markedly increased sanctions for tax havens, banks, tax advisors and companies, and we’re calling for increased European and international cooperation on this hugely problematic issue
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In recent months, two related concepts have leapt to prominence in political discourse: the Prime Minister's stress on innovation and smart manufacturing, which is supported by the Opposition, and the idea that Australia may be in the process of moving out of being just a middle-level power. John Azarias: Aim to be Switzerland of Asia, with more jokes
The Lysicrates Foundation
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Simon claimed that his attorneys failed to adequately investigate the workings of the TurboTax software he used for the returns charged as a basis for the tax perjury counts. Specifically, his claim is with respect to the Schedule B foreign account question. Apparently, the attorneys made a failed attempt by trial subpoena to get testimony from a TurboTax representative but that representative did not testify for some unexplained reason. Simon claimed that the TurboTax representative would have explained that TurboTax would not have printed a Schedule B in the absence of interest income exceeding $1,500. But, as noted above, the Schedule B is required even with interest income of less than $1,500 if there are foreign accounts exceeding $10,000. But, Simon claimed, TurboTax did not ask about foreign accounts and hence did not prepare a Schedule B. This line of testimony, had it been presented, presumably would have gone to both the tax perjury charges based on the supposed answer to the Schedule B foreign account question and as to whether he willfully failed to file the FBARs for the respective years. Bottom line, however, Judge Miller says that there was evidence in the record that established that, if Simon had answered TurboTax's questions about foreign accounts correctly, TurbotTax would have printed out Schedule B with a correct "yes" answer and alerted Simon to the FBAR filing requirement. Judge Miller concluded:
His attorneys reasonably decided not to press the issue and stopped investigating the workings of TurboTax. When an attorney begins investigating an issue and correctly surmises that it won't come out in his client's favor, that attorney's decision to cease the investigation is itself a strategic choice entitled to deference.And, in any event, even if error there was, it was not prejudicial to Simon because the jury heard the defense through other sources, including the Government's closing argument. Simon Redux ineffective assistance if all else fails:Turbotax and software
Unlocking Economic Advantage with Blockchain, .P. Morgan or Oliver Wyman, July 2016. “There is a growing realization that distributed ledger technology — popularly known as blockchain — will bring a radical shift in the way we think about financial assets and the way the financial industry will operate in the future.
Basically, the defendants marketed offshore trust schemes intended to fraudulently evade U.S. tax for the clients entering the schemes. The defendants were charged with several of the various tax crimes that the Government can trot out for such schemes Third circuit affirming conviction: Offshore tax havens
Peter Reilly, Nevada Corporation Exists Under IRS Name For Decades. “Here is a little tax tip. If you owe money to the IRS, do not send your check to Department of the Treasury – Internal Revenue Service, 3338 Gypsum Rd, Reno, NV. That particular entity is a registered domestic corporation in the state of Nevada.” David Brunori, Using the Tax Laws to Mess With Markets Really Doesn’t Work (Tax Analysts). “A system based on a broad base and low rates will further economic growth. A complicated, costly carveout for some businesses will not.”
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