Wednesday, February 15, 2017

Taxing And Own Branded Money

HBOS fraud: It's time to tax audits to fund fraud cops  

British buyers forced to sell three Geelong district properties

Just 129 public servants interested in sea change

Any Connection Between Literary Quality And Money?

“No level of affluence will ensure that you write a worthwhile book. Consider the laws of the literary few: Having lots of money confers status but having very little confers legitimacy, which offers a different kind of status; having too much is unseemly yet so is having none. The rich and the poor collude in believing that the amount of money you inherit or make means something about your moral fiber, the quality of your art. What will we do when we find out it doesn’t?”

Other Matters: Language, “Going Forward,” “Upcoming”

Diplomats, politicians and business people have taken to salting their language with “going forward,” as if it means something. That useless phrase has crept out of official gobbledygook into general use, so ... read more

Conman Peter Foster moved $32 million offshore in sports betting fraud police

Data workers 'almost the worst' at filing with HMRC

HMRC: Taxmen overpay themselves £22m 

Story image for ato tax from Northern StarCrackdown on multinational tax avoidance to help families
Northern Star 

It's time corporate tax dodgers started losing lucrative council contracts  

HMRC wins case against lap dancing clubs paying dancers with own branded money

Authoritarian Populism Of Donald Trump Could Burn Us All  

Panama Papers Committee investigates in London UK, home to 2,000 ‘enablers’

Read Court Judgement:  Wiltonpark Ltd, Secrets (Promotions) Ltd, Secrets (Holborn) Ltd, Secrets (Euston) Ltd, Secrets (St Katherine's) Ltd and the Commissioners for HM Revenue and Customs, [2016] EWCA Civ 1294, Case No: A3/2015/3123

Global investment flowing through tax havens grows by $700bn

 Money laundering: how to stop criminal networks in their tracks

Can the art market regulate itself against illicit activity? swissinfo
See comment on art and freeports, here

Credit Suisse Client Latest Test to Leniency in Tax Fraud Cases swissinfo / Bloomberg

What is lacking for the problem of tax havens to end? Tax Research UK

Gold Stashed in Bag Shows Hurdles in Italy’s Tax-Evasion Fight Bloomberg

ICAC secures charges for allegedly corrupt TAFE IT manager

Macquarie, ING Bank sign up to Apple Pay


Swiss voters reject corporate tax reforms FT

Washington Post op-ed: Congress Has the Power to Obtain and Release Trump’s Tax Returns, by George K. Yin (Virginia):

Though our new president may not realize it, Congress has the power to obtain his tax returns and reveal them to the public without his consent, including returns under audit. As just urged by Rep. Bill Pascrell Jr. (D-N.J.), legislators seeking information on President Trump’s possible conflicts of interest should immediately exercise this authority rather than wait for the passage of new veto-proof legislation — a highly uncertain prospect — that would have the same effect.

The ability of Congress to disclose confidential tax information was added to the law almost 100 years ago. Since the Civil War, when it began requiring taxpayers to submit private information ... [George K. Yin, Protecting Taxpayers From Congressional Lawbreaking].

Tracy A. Kaye (Seton Hall), Tax Transparency: A Tale of Two Countries, 39 Fordham Int'l L.J. 1153 (2016):

On April 4, 2016, the International Consortium of Investigative Journalists announced their access to the “Panama Papers,” 11.5 million documents comprising forty years of emails, bank accounts and client records from the Panamanian law firm Mossack Fonseca. This latest public disclosure reveals the offshore accounts of individuals and corporations from over 200 countries and demonstrates that the movement toward global transparency is inevitable. The Panama Papers are also a powerful reminder that transparency matters greatly in the war on tax evasion.
New HMRC fraud unit collects £5bn of taxes  

Hong Kong takes aim at middlemen in wake of Panama Papers scandal

Canada's role in 'snow washing' money to evade taxes  

RBS caught out using Richard Branson's Virgin as cover for alleged 'industrial scale' fraud

Ian FraserMafioso bankers and my part in their downfall

HBOS fraud: It's time to tax audits to fund fraud 

Man, Katy Tur of NBC morphed into Eason Jordan, head of 2005-era CNNso slowly, I hardly even noticed!
Classical allusion

Pay anger spurs UK groups to rethink bonus plans FT

Lin, Li-Wen, A Network Anatomy of Chinese State-Owned Enterprises (February 2017). Robert Schuman Centre for Advanced Studies Research Paper No. RSCAS 2017/07. Available for download at SSRN:

“This Article provides an anatomy of Chinese state-owned enterprises (SOEs) by unpacking their various relations with different types of state organs. It shows that Chinese SOEs are embedded in a network composed of dense and complex links with the state. Shareholding ties, albeit important, are only one of the many relations with the state. This network perspective provides a rather comprehensive overview of the basic architecture of China’s state-owned sector. It illustrates important governance institutions that are unobservable from the laws on the book and distinctive from international standards. It clarifies some SOE behaviors that appear puzzling when taking the individual firm as the unit of analysis. It also raises challenging questions to various areas of law in the globalization context.” 
NEWS YOU CAN USE:  Feeling Blue? Scientists Suggest Spending Time Nude Hamas explosives chief accidentally blows himself up