Bureaucrats clock up $150m in travel bills - Marco Polos via PerthNow
Oxfam, Reward Work, Not Wealth:
Last
year saw the biggest increase in billionaires in history, one more
every two days. Billionaires saw their wealth increase by $762bn in 12
months. This huge increase could have ended global extreme poverty seven
times over. 82% of all wealth created in the last year went to the top
1%, while the bottom 50% saw no increase at all. Dangerous, poorly paid
work for the many is supporting extreme wealth for the few. Women are in
the worst work, and almost all the super-rich are men. Governments must
create a more equal society by prioritizing ordinary workers and
small-scale food producers instead of the rich and powerful.
New York Times editorial, Are Corporate Tax Cuts Raising Pay? Yes, for Bosses:
Recent
announcements by Apple, Walmart, AT&T, Starbucks and other
businesses that they are giving workers raises, repatriating foreign
profits and investing in the United States because of the tax bill
Congress passed last year are clearly music to the ears of President
Trump and Republican lawmakers. But these statements are also cleverly
designed public relations spin that tells us little about the actual
long-term economic impact of the tax law.
Clemens Fuest (University of Munich), Andreas Peichl (University of Munich) & Sebastian Siegloch (University of Mannheim), Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany (2017):
This
paper estimates the incidence of corporate taxes on wages using a
20-year panel of German municipalities exploiting 6,800 tax changes for
identification. Using event study designs and differences-in-differences
models, we find that workers bear about half of the total tax burden.
Arthur J. Cockfield (Queen's University), How Countries Should Share Tax Information, 50 Vand. J. Transnat'l L. 1091 (2017):
Offshore
tax evasion, international money laundering, and aggressive
international tax planning significantly reduce government revenues. In
particular, for some low-income countries the amount of capital flight
(where elites move and hide monies offshore in tax havens) exceeds
foreign aid. Governments struggle to enforce their tax laws to constrain
these actions, and they are inhibited by a lack of information
concerning international capital flows. The main international policy
response to these developments has been to promote global financial
transparency through heightened cross-border exchanges of tax
information. The Article examines elements of optimal cross-border tax
information exchange laws and policies by focusing on three key
challenges: information quality, taxpayer privacy, and enforcement.
- UN urged to launch global effort to end offshore tax evasion (30 Jan 2018)
- Moscovici: 'The credibility of the EU tax haven black list is at stake' (30 Jan 2018)
- Global study names Switzerland as capital of bank secrecy (30 Jan 2018)
Report Says US Is World's Second-Biggest Tax Haven (30 Jan 2018) - Terrorism, Not Taxes, Is the Key Focus on Bitcoin, Canada Says (30 Jan 2018)
- Accountants don't need “Hippocratic oath”, says Izza (30 Jan 2018)
- Paradise Papers businessman in African bribery inquiry (29 Jan 2018)
- The Apple Tax Scam (29 Jan 2018)
- Automatic fines for being late with your UK tax return are invalid (29 Jan 2018)
- Are President Trump's tax cuts helping workers? (29 Jan 2018)
- Testimony in Corruption Case Hinges on the Meaning of 'Meatballs' (29 Jan 2018)
- Beyond paradise: where does offshore money come from? (29 Jan 2018)
- How Unite union paid no corporation tax on £50m share portfolio(29 Jan 2018)
- Paradise Papers shed more light on the secrets of offshore wealth (29 Jan 2018)
- South Korea Tax authority to toughen regulations on offshore tax evasion (29 Jan 2018)
- Saudi Arabia elites released after paying corruption settlements (29 Jan 2018)
- Scottish Labour's proposed wealth tax would hit pensioners (29 Jan 2018)
- Airbnb to give French cities 13.5 million euros in tourist tax (29 Jan 2018)
- OECD's Gurría: 'Don't jump the gun' on digital tax (29 Jan 2018)
Leandra Lederman (Indiana) presents Information Matters in Tax Enforcement at UC-Irvine today as part of its Tax Law and Policy Colloquium Series hosted by Omri Marian:
Most
legal and economics scholars recognize that the government needs
information about taxpayers’ transactions in order to determine whether
their reporting is honest, and that third-party reporting helps the
government obtain that information. Yet, a recent paper by Professor Wei
Cui [Taxation Without Information: The Institutional Foundations of Modern Tax Collection]
asserts that “modern governments can practice ‘taxation without
information.’” Cui’s argument rests on two premises: (1) “giving
governments effective access to taxpayer information through third
parties does not explain the success of modern tax administration”
because, he argues, other important taxes, such as the value added tax
(VAT), do not involve information reporting; and (2) modern tax
administration succeeds because business firms are “sites of social
cooperation under the rule of law,” fostering compliance. As this Essay
argues, the literature demonstrates that Cui is wrong on both points.
Wall Street Journal, The Tax Law, Just One Month Old, Is Roaring Through U.S. Companies:
Just
weeks after the federal government adopted the biggest tax overhaul in
three decades, the effects are rippling through corner offices and
boardrooms, with companies large and small dusting off once-shelved
plans, re-evaluating existing projects and exploring new investment in
factories and equipment. ...