When I was a kid growing up to 188 cm in the '60s, music was an outlet for enlightenment, frustration, rebelion. It was more about individualism. Today it's just like a big business...
~ Joey Ramone
Google has unveiled a retail outlet called the Creator Store, where online video stars can sell merchandise to the public...
She must have felt so optimistic. When Gertrud Arndt arrived at the Bauhaus school of art and design in 1923, she was a gifted, spirited 20-year-old who had won a scholarship to pay for her studies. Having spent several years working as an apprentice to a firm of architects, she had set her heart on studying architecture. Female Pioneers of the Bauhaus
HMRC: More than 50pc of challenges against the taxman succeed
Alleged bribery by Australian companies of foreign governments remains a serious issue at the centre of international business. The man in charge of catching these businesses, AFP Commander Peter Crozier, says we need to encourage companies potentially implicated in such behaviour to come forward.
Not-so risky business in Congo as Australians embroiled in offshore bribe claims
How the U.S. Corporate Tax Rate Compares to the Rest of the World (Tax Policy Blog)
Survey: Citizens want more EU action against tax fraud
Basic human values and white-collar crime: Findings from Europe:
Question & Result via CL
The distribution of the three dependent variables – tax evasion, insurance fraud and bribery – shows that approximately 30 percent of the respondents in the sample have committed at least one of the considered crime types. Out of these, about 95 percent has evaded taxation, about 11 percent had made a false insurance claim and approximately 4 percent had offered a bribe in return for the services of officials
HMRC proposes swingeing new sanctions to combat tax evasion
Former NSW Labor minister Ian Macdonald facing charge over allegedly corrupt coal deal
KPMG: Get real on tax reform before the future bites
Don Quijones of Spain & Mexico, editor at Wolf Street. Originally published at Wolf Street
In June 2016, the ECB began buying the bonds of some of the most powerful companies in Europe as well as the European subsidiaries of foreign multinationals. This pushed the average yield on euro investment-grade corporate debt to 0.65%. Large quantities of highly rated corporate debt with shorter maturities are trading at negative yields, where brainwashed investors engage in the absurdity of paying for the privilege of lending money to corporations.
Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at New Economic Perspectives
Corporate Inversions: Taxes Make US Companies Takeover Targets
A New Report Sheds Light on Profiteering by So-Called Debt-Relief Companies Nation
The wealthy have nearly healed from recession. The poor haven’t even started. Washington Post
Theodore Seto (Loyola-L.A.), Thinking in More Nuanced Ways About Income and Wealth Inequality (Jotwell) (reviewing Bariş Kaymak (Université de Montréal) & Markus Poschke (McGill University), The Evolution of Wealth Inequality over Half a Century: The Role of Taxes, Transfers and Technology, 77 J. Monetary Econ. 1 (2016))
Golly, who'd have thought marrying private equity and the Stanford Prison Experiment could go so awry? Dealmakers
The death of neoliberalism and the crisis in western politics
How the multinationals do it ABC
On multinationals, the Big 4 & tax havens. Interview includes TJN's Nicholas Shaxson, author of Treasure Islands: Tax Havens and the Men Who Stole the World.
Exclusive: Monte dei Paschi CEO, former chairman under investigation – source Reuters
Stephen Olsen, Dean Zerbe Adds Insights to Whistleblower “Collected Proceeds” Tax Court Case (Procedurally Taxing). “Dean was one of the primary architects of the whistleblower statute, and one of the leading practitioners in this area ...
'Fantastically corrupt' countries doing more against corruption than UK tax havens
These "Tax Haven" Companies Have the Most Profits Stashed Overseas
When Denton started Gawker Media 14 years ago, it was a U.S. taxpayer just like any other American small business. Its headquarters were in downtown Manhattan; its employees were mostly local. Today Gawker Media still operates primarily from New York City offices—it also has an office in Budapest—but it is now a Cayman Islands–based holding company with two subsidiaries: one in the U.S., one in Hungary. (Denton speaks Hungarian and has ancestral ties to the nation. The country also has highly favorable corporate tax policies.) For clarity, we’ll call the combined operation—U.S., Hungary, Cayman Islands—Gawker Global. According to various financial documents—among them U.S. tax returns, disclosures from Hungary, and documents released by the company in and out of court—Gawker Global used three tactics to reduce its U.S. tax burden. Can Tech’s Tattle Tycoon Trump Thiel?
Gawker.com to End Operations Next Week Gawker :-(
Exxon Mobil Fraud Inquiry Said to Focus More on Future Than Past NYT
"Michael D’Ascenzo" The Former Leader Who Left Positive Marks on Many ... ;-)
From left to right Alex Malley CEO CPA Australia, Michael D'Ascenzo Former Federal CommissionerMichael D’Ascenzo led the Australian Tax Office (ATO) as commissioner of taxation from 2006 to 2012 – the culmination of 35 years service with the ATO. As commissioner, he championed corporate values that put taxpayers and the community at the centre of the ATO’s thinking and drove greater openness and transparency in governance. He pioneered advances in tax and superannuation administration, including improvements to Australia’s self-assessment system. Aligning Vision: Michael D Ascenzo on Leadership and the Tax Office
It is interesting to compare how governments have treated his two predecessors, Trevor Boucher and Michael Carmody. Boucher retired in January 1993 and spent two years as Australian ambassador to the OECD in Paris while Carmody was parachuted into the Australian Customs and Border Protection Service in 2005 after a 12-year stint as commissioner. Given D’Ascenzo’s 35 years’ experience where he interacted with key players in government, the legal and accounting professions and the community you would think Swan could better utilise his expertise rather than giving him a part-time job at the FIRB.
Why Swan moved the nation's top tax man on
Countries committed to sharing beneficial ownership information - USA is missing
Nobel prize-winning economist Stiglitz tells us why ‘neoliberalism is dead’ Business Insider. Huh? The Clinton and Trump campaigns sure don’t think so.
|Dead Dancing rather than Dirty Dancing ...|
Rogue trader Nick Leeson dons teacher’s cap Financial Times (JLS)
Deutsche Bank whistleblower rejects award because SEC 'went easy' on execs
Goldman seeks to force ex-employee in Fed leak case to arbitrate Reuters
Trusts comb client lists for tax cheats
The Pinstripe Mafia: Advisers question scope of new tax avoidance clampdown
Australia Reviewing Offshore Marketing Hub Arrangements
Known as "the mens store", the David Jones Market Street building has been sold by a South African based company for $360m. David Jones Sydney store sold for $360 million
Public procurement — the next frontier for tax justice campaigning?
This guest blog by Matti Ylönen is partly based on an academic article Cities as World Political Actors: “Tax haven free cities” initiative and the politics of public procurement. In the past few years, several cities in Europe have also shown their interest in adopting tax and transparency-related provisions in their public procurement tenders. However, cities have found that using public procurement for promoting tax justice is easier said than done . . .
Will the British government target tax dodging enablers at last?
There has been much talk in Britain of new government proposals that tax advisors giving advice on tax avoidance could face large fines of up to 100% of the tax lost if their schemes are defeated in courts. Is this a quest for positive newspaper headlines, or, a sea change in political will? Enforcement is key . . .
Lawmakers Overseeing Wall Street Given Bigger, More Favorable Loans Than Others: Study International Business Times
America’s cash-strapped teachers are a target for predatory lenders Guardian
Kobe Bryant Launches $100 Million Venture-Capital Firm
Deutsche Bank’s $10-Billion Scandal The New Yorker
SNP moves to close Scottish tax haven loophole in Westminster
Factsheet, Hillary Clinton Will Make Life Easier for Small Business at Every Step of the Way