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Wednesday, August 23, 2017

Consuming Art and Taxes

One of the greatest of all time. A legend. A showman. A comedic icon. A movie star. An activist. A one of a kind. RIP


Norway’s Sovereign-Wealth Fund Closes in on $1 Trillion Valuation


Multinational giants accused of shifting Australian revenue offshore


The global effort to extract a fair share of tax from multinationals is stepping up, say Tax Commissioner Chris Jordan. Courtesy ABC News24


ATO hails tech giants $7 billion sales surge


The world's biggest technology companies are booking an extra $7 billion in sales in Australia every year, meaning more money for the ATO. 

 It takes a village to create successful strategies, and team members like Michael to make a positive difference ...

Facebook, Google put on spot over revenue

ATO Commissioner Chris Jordan said the new multinational tax avoidance laws were expected to return sales in Australia worth more than $7 ...






David Koch Sunrise with Hon KELLY O’DWYER

Wendy Bradley applies her years of experience working for HMRC to assess the accuracy of this Channel 4 documentary, and muses on how HMRC could be reformed Catching the tax dodgers | AccountingWEB



This discussion will focus on the consequences of the generational divide on the public sector workforce, in terms of the gap in digital literacy between senior executives and their workforces. Digital natives live much of their lives online; what is the carry over effect into their public sector roles, the effect on social media ...


Plenary 7: Digital strangers, digital natives with Jacqui Curtis


Millennial bug: why the 'digital native' is a myth
Thieves steal 20 tons of chocolate in German town Deutsche Welle

Tax law gives relief to “illiquid” taxpayers, those with income or wealth but no cash. This relief results in revenue losses, creates opportunities for tax avoidance, and distorts economic decisions. And yet, we don’t know how much hardship is actually created by illiquidity. This Article provides a framework for determining the magnitude of that hardship.




Bloomberg BusinessweekBloomberg Businessweek:  Trump’s Web of Companies May Have a Way to Avoid the Obamacare Tax, by Lynnley Browning & John McCormick:
Behind the stainless steel and glass of Chicago’s Trump International Hotel & Tower lies a skeleton of 180,000 cubic yards of high-performance concrete. Below that, 57 rock caissons, some as thick as 10 feet and as long as 80 feet, anchor the skyscraper to the ground and bedrock. The building’s ownership structure is complex, too.


“Digital business execution is requiring more frequent and complex decision making, continuous problem solving and rapid pattern recognition, all of which require workforce digital dexterity. In most organizations, however, responsibility for helping employees develop the desire and ability to exploit a wide range of transformative technologies — highlighted in the Gartner, Inc. Hype Cycle for Digital Workplace, 2017 — does not have to rest with any group or individual. “Humans will still be at the center of work, even as intelligent software and machines become our co-workers. CIOs must anticipate how trends in business, society, technology and information will converge to change where, when, why and with whom we work,” said Matt Cain, vice president and distinguished analyst at Gartner. “CIOs must expand their charter to include workforce digital dexterity.” The Hype Cycle can help application leaders identity and exploit new and existing technologies that will boost employee engagement and agility for better business outcomes…”

ATO blitz hits top 1000 firms



Companies forced into tax 'confessional'




The Case Against a Consumption Tax


Why a consumption tax does not hold up under close scrutiny


 
College kids can be just as foolish as any other young people, but today’s campus environment fuels their emotionalism rather than helping them master it



Here’s A Surprise – For The First Time In Forever, Print Magazine Sales Are Up


Magazine sales have generally been falling since the day the inventor of the internet said: “Hey, why don’t I invent the internet?” But the latest ABC figures, released this week, show that sales of certain titles are actually going up. News and current affairs magazines are becoming more popular – but celebrity, gossip and fashion publications are still struggling

BuzzFeed inks six-figure deal with Decision Desk to provide election results


Tax residency rules are 'broken', 'anachronistic', 'unwieldy' | afr.com

Retweeted


Aug 20


Replying to and


Your "Pinstripe Mafia" affirms the confidence engendered by other papers, that Accounting Standards boards act solely in public interest. /s






Gaming the Lottery

The last couple of weeks have seen a series of articles uncovering the darker practices of lottery companies around the world. The investigation is part of a global collaboration of investigative journalists which is looking into the $300bn industry.
Of particular interest to us is the story of IGT, one of the world’s largest lottery operators. IGT has over 400 lottery licences and revenues of $6bn a year.
According to Khadija Sharif and Jeff Kelly Lowenstein, writing for eNCA, the company also appears to be involved in some classic tax avoidance structures involving tax haven UK.

Trumps deals in Georgia raise money laundering concerns

The New Yorker this week has published a long report looking into Trump’s deals in Georgia. There is a lot to question too. In 2011 Donald Trump granted a licence for a new luxury tower in Batumi, a town on the Black Sea. The deal allowed the new development to use the Trump brand, and the future president visited the country, extolling the virtues of Michael Saakashvili the then President. The town had no market for luxury housing, and many thought the investment insane.



The image of tax havens


The British Journal of Photography have published a short 8 minute film on the making of Havens, a photographic project by Gabriele Galimberti and Paolo Woods.


The pair travelled the world for two years photographing tax havens trying to commit to film what is in large part an intangible trade.
More on the project can be found on the dedicated website here: http://www.theheavensllc.com


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