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Wednesday, May 17, 2017

Tax: Heroic Assumptions Holding Up ...

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
~ Abraham Lincoln ***


Though the Friday hack and data dump have dominated the spotlight, the alleged tax leak is in fact part of the bigger and quite troubling picture of leaks in the modern cyber environment . . .


Macron and the Potential Future of Tax Leaks


Could Cryptocurrencies be the Ultimate Tax Haven?

 Non-dom art collectors in UK could be hit with new taxes

Trump lawyer admits tax returns show some income from Russian sources

 Britain's fraud office questions Petrofac bosses over Unaoil



Edward Kleinbard (USC), Capital Taxation In An Age Of Inequality, 90 S. Cal. L. Rev. 593 (2017):
The standard view in the U.S. tax law academy remains that capital income taxation is both a poor idea in theory and completely infeasible in practice. But this ignores the first-order importance of political economy issues in the design of tax instruments. The pervasive presence of gifts and bequests renders moot the claim that the results obtained by Atkinson and Stiglitz in 1976 counsel against taxing capital income in practice.




What One Learns From Analyzing Ten Years Of NY Times ‘Modern Love’ Columns



“A typical ‘Modern Love’ column is no more representative of how the average person falls in love than Romeo and Juliet. … Still, the column can reveal a lot about our cultural attitudes toward romance and heartbreak. As graduate students in economics and computer science, we decided to use statistics to analyze every ‘Modern Love’ column published over the past 10 years – with the goal of identifying patterns in how romantic narratives take shape.”

 BUY THEM A BENZ AND THEY WILL COME!

AUDITOR REPORT: MILLIONS OF REAL TAXPAYER DOLLARS PAID FOR IMAGINARY FILM EXPENSES


So you've got it tough, Scott? Cry me a river
WHEN I started out in politics in 1998, the Howard governments work to pay off Labors years of debt had not long started.
Interested in Liberal Party of Australia?

TAXES ARE FOR THE LITTLE PEOPLE: John Oliver’s Hypocritical Property Tax Scam 

The ATO started refusing to process FOI requests received via the Right to Know (RTK) website in August 2016.
Ben Fairless — one of the many people whose valid requests was ignored by the ATO s— complained to the Office of the Australian Information Commissioner (OAIC), which commenced an investigation.

"I find that the ATO failed to process Mr Fairless's valid FOI request made through the RTK website," Mr Pilgrim said in a letter sent to the ATO Process of information requests ruled invalid

Labor tax plan: ATO would be forced to give details of deals it cuts .


Okulicz-Kozaryn, Adad and Golden, Lonnie, Happiness is Flextime (March 2, 2017). Applied Research in Quality of Life, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2965318 “We study how working schedule flexibility (flextime) affects happiness. We use a US General Social Survey (GSS) pooled dataset containing the Quality of Worklife and Work Orientations modules 

Tax Technology – now and the future | KPMG | AU





US A Today has asked Facebook to check into fake Facebook followers. (2) All major television networks  now have blocked President Trump's "fake news" ad. (3) The Newseum's project to fight misinformation will start in Palo Alto. (4) Tell us about your fact-checking events! Here's one from Seattle. (5) Sign up for the first massive open online fact-checking course in Portuguese. (6) Follow #MisinfoSci on Monday for tweets from the ICWSM workshop on research challenges in digital misinformation.  (7) Indian readers: Send possible hoaxes to BOOM via WhatsApp. (8) A profile of three Greeks (or Greco-somethings) studying misinformation around the world. (9) If Google and Facebook want to fight fake news, they need better weapons, say two Harvard professors. (10) The Internet Archive has collected fact-checked claims made on television news programs during President Trump's first 100 days, all shareable. (11) PolitiFact fact-checks Ivanka Trump's new book. (12) Really, just don't publish an item if you can't verify it. Even if it's only about large chickens. 


Sweden's tax plan is the anti-Trump - and it's proving hugely successful
 
Senior Republican senator 'wants to probe Trump's tax returns'

LLM Guide, Wanted for LL.M. Programs: Tax Nerds:
Richard Ainsworth, director of Boston University's Graduate Tax Program, is looking for one trait in applicants to his program.
"We're looking for tax geeks," Ainsworth says. "You have to show us that you like numbers.”
Common wisdom holds that the tax LL.M. is one of the most valuable post-J.D. law degrees, and the numbers tend to back that up. The median salary for a lawyer is just over $80,000, according to PayScale, a site that tracks average salaries for various professions, while the median salary for a tax lawyer hovers around $100,000.

Heather M. Field (UC-Hastings), A Taxonomy for Tax Loopholes, 55 Hous. L. Rev. ___ (2018):
Democrats, Republicans, media commentators and even academics denounce “tax loopholes.” Speakers may think that they are talking about the same things, but this article demonstrates that people have widely divergent views about what tax loopholes are


Little is known about whether court mandates ultimately affect the distribution of taxes and spending or whether legislatures offset the distributional consequences of those court orders with other changes. To offer insight into this question, I use an event-study methodology to show how state revenues and expenditures respond to court orders to increase funding for schools for low-income students.
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