This IFS Briefing note uses data from HMRC’s random audit programme to show which types of people are more likely to be under-reporting taxes and how their behaviour changes after a tax audit. The results are based on data from audits covering tax returns for the years 1999–2009. Institute for Fiscal Studies Research Paper: Who does and doesn’t pay taxes?
More than third of UK self-assessment taxpayers under-report income
The murder of Daphne Caruana Galizia should remind us of the shady power of corporate interests
In this Reuters Institute for the Study of Journalism (RISJ) Factsheet by Rasmus Kleis Nielsen and Lucas Graves, they analyse data from 8 focus groups and a survey of online news users to understand audience perspectives on fake news. On the basis of focus group discussions and survey data from the first half of 2017 from the United States, the United Kingdom, Spain, and Finland
Commonsense Principles of Corporate Governance
Corporate Governance: A Model of Modern Corporate Governance Framework for the Better Governance of Companies | Modern Organisational Governance - Emerald Insight
Good Governance in the Public Sector - IFAC
De-mystifying fraud risk management For the board - Deloitte
The Role and Benefits of a Corporate Governance Framework - Risk & Compliance Journal - WSJ - Wall Street Journal
The IRS is basically ignoring the equity crowdfunding boom
Blind dates are by definition risky, with so many looming questions, but a new TV show promises to raise the stakes even higher by hooking up opposing politicians who already disagree on a big public issue. Tinder for Canadian policymakers
The Disruptors: Finance isn’t just an industry. It’s a system of social control. Jacobin (resilc). Note it does not have to be that way. As Michael Hudson points out, the German model in the 19th century was one of industrial capitalism, with banks playing a subordinate role. Even in the US, prior to ~1980, people in financial services had the same average wages as those of the economy as a whole.The Pitfalls of Privatization Washington Monthly (resilc)Dear @TheEconomist: Nice chart, but why have you fudged the scale for Britain? The line should be double as long. Trying to hide something?pic.twitter.com/n3aVGcWmVD— Laurie Macfarlane (@L__Macfarlane) October 25, 2017With business booming under Trump, private prison giant gathers at president’s resort Washington PostThe Real Story of Automation Beginning with One Simple Chart Medium One chart I question is the one showing manufacturing production versus manufacturing jobs. The reason is that the “manufacturing production” chart almost certainly values production as the wholesale sales price. The problem is that in many industries, particularly cars, manufacture of many components takes place overseas with only final assembly with perhaps some other minor value added activities in the US. So those parts have embedded labor cost in them which is not at all reflected in the US job count. Not saying that a properly done chart would not show some displacement of labor by capital, but I suspect it would not be dramatic (ie, this chart reflects the impact of offshoring more than automation).