Daniel Hemel (Chicago), The President's Power to Tax
The gilded glut: falling demand hits luxury property marketFinancial Times. In New York, there’s a threatened crackdown on using real estate to launder money. That put a big dent in the super high end market.
Sending his lawyer to talk to the press is just latest bizarre twist in the Russia investigation.
Rich People’s Demonstrations Of Status Are Changing – It’s No Longer Just About Conspicuous Consumption
I wrote before on the execution of a search warrant on Catepillar' Headquarters. Search Warrant Executed Against Caterpillar HQ, Apparently Related to Tax (Federal Tax Crimes Blog 3/6/17; 3/8/17), here. I concluded that discussion with the following speculation:
I will raise one possibility, though, and I caution that this is entirely speculation. I wonder whether her report could have been submitted along with a whistleblower claim? I have no idea, but given the numbers involved, a whistleblower claim is likely to be very lucrative indeed. But, I certainly have no idea whether that is the case.
Bloomberg reports that a whistleblower claim is behind the Caterpillar commotion. Bryan Gurley, David Voraceos and Joe Deaux, The Whistleblower Behind Caterpillar's Massive Tax Headache Could Make $600 Million (BloombergBusinessweek 6/1/17), here.
The article identifies the whistleblower as Daniel Schlicksup, a Caterpillar accountant, and summarizes his saga from company curmudgeon trying to get the attention of superiors on the matter to finally whistleblower. A very good read.
The U.S. attorney’s office in southern New York State said the suspects operated internationally and across the United States, trafficking in drugs and stolen goods, including cigarettes and shiploads of chocolate, while engaging in extortion, murder for hire, and credit card fraud.Most of the 33 defendants were led by Razhden Shulaya and Zurab Dzhanashvili, were born in the former Soviet Union, and had strong ties to Ukraine, Georgia, and Russia, the federal prosecutors said.