Jozef Imrich, name worthy of Kafka, has his finger on the pulse of any irony of interest and shares his findings to keep you in-the-know with the savviest trend setters and infomaniacs.
''I want to stay as close to the edge as I can without going over. Out on the edge you see all kinds of things you can't see from the center.''
A federal watchdog investigating whether the Internal Revenue Service unfairly targeted conservative political groups seeking tax-exempt status said that the agency also scrutinized organizations associated with liberal causes from 2004 to 2013.
We examine the effectiveness of four federal government actions, all of which were designed to curb the proliferation of corporate tax shelters dating back to the 1990s, at eliciting measurable changes in characteristics commonly associated with tax shelter firms. Our results suggest that the government’s initial attacks on corporate tax shelters in the early 2000s elicited significant declines in book-tax differences, discretionary accruals, and the use of Big N audit firms, which contributed to gradual reductions in the estimated likelihood of tax sheltering for both multinational and purely domestic firms. Conversely, later attempts to discourage corporate tax shelters proved ineffective, likely due in part to the effectiveness of previous government attacks and a faltering economy.
The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week, even as lawmakers lash the embattled company about a massive security breach that exposed personal information of as many as 145.5 million Americans.
A contract award for Equifax's data services was posted to the Federal Business Opportunities databaseSept. 30 — the final day of the fiscal year. The credit agency will "verify taxpayer identity" and "assist in ongoing identity verification and validations" at the IRS, according to the award. ...
Lawmakers on both sides of the aisle blasted the IRS decision.
As the world falls
apart around us, there's no better time to imagine a group of teenagers
whose only commitment is to hack the planet.
Dr Castagna, 70, has been the target of two of Nuix's major clients: the Australian Federal police and the Australian Tax Office through Project Wickenby, their long-running tax probe. The charges relate to payments from Macquarie Bank which were allegedly channelled into offshore companies controlled by his cousin Robert Agius, who was sentenced to a non-parole period of 6 years and 8 months' jail in 2012 for operating unrelated tax avoidance schemes via his Vanuatu-based accountancy firm. In addition to Dr Castagna's criminal charges, the ATO is pursuing him for unpaid taxes and penalties in excess of $10 million. (Billbury ltd) Cyber security company chief Dr Tony Castagna facing criminal charges
SWITZERLAND, which developed cross-border wealth-management in the
1920s, was once in a league of its own as a tax haven. Since the 1980s,
however, tax-dodgers have been spoilt for choice: they can hide assets
anywhere from the Bahamas to Hong Kong. The percentage of global wealth
held offshore has increased dramatically. But it has been hard to say
how much that is, and who owns it. Few offshore centres used to
disclose such data. But in 2016 many authorised the Bank for
International Settlements (BIS) to make banking statistics publicly
available. Using these data, a new study by Annette Alstadsaeter, Niels
Johannesen and Gabriel Zucman, three economists, concludes that tax
havens hoard wealth equivalent to about 10% of global GDP. This average
masks big variations. Russian assets worth 50% of GDP are held offshore;
countries such as Venezuela, Saudi Arabia and the United Arab Emirates
climb into the 60-70% range. Britain and continental Europe come in at
15%, but Scandinavia at only a few per cent. One conclusion is that
high tax rates, like those in Denmark or Sweden, do not drive people
offshore. Rather, higher offshore wealth is correlated with factors such
as political and economic instability and an abundance of natural
resources. Proximity to Switzerland also remains a good indicator. But assets held there have declined since the financial..
ATO flags online sales tax crackdown The ATO is beefing up its data-matching capabilities with the Department of Immigration and Border Protection ahead of the government's contentious plan to impose GST on internet imports worth less than $1000 from July next year. The crackdown is flagged in a new submission to the Productivity Commission, which is inquiring into the model for collecting the 10 per cent GST on low-value imports....
Presidential Transition: Information on Ethics, Funding, and Agency Services – GAO-17-615R:
Published: Sep 7, 2017. Publicly Released: Oct 10, 2017 – “The change
from one presidential administration to the next is a complex process
requiring coordination among many parties, including the outgoing
President, federal agencies, the President-elect, anda Transition Team.
During a transition, the President-elect and his or her team decide upon
more than 4,000 political appointments and prepare to manage the
federal government, an entity with more than 4 million civilian
employees and military personnel, and a budget of nearly $4 trillion.