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Thursday, May 03, 2018

4,000 toddlers are listed as business owners

NO I’M NOT TRYIN’ TO BE RUDE But hey stop supporting this kind of regulators ...

Australian officer allegedly traded US secrets for escorts and lavish dinners

Budget tax cut on  small kegs likely to mean cheaper craft beer, Scott Morrison says

Beer is much more than just a drink | Pete Brown | Opinion ...

 

Britain, headquarters of fraud The Guardian
‘The UK is at the centre of global corruption: shell companies that launder dirty money can be set up with ease. But when a whistleblower showed just how easy it is, he faced the full force of the law
4,000 toddlers are listed as UK business owners Quartz
‘It is surprisingly easy to fraudulently create a company in someone else’s name and go undetected by UK authorities’


Ending corporate tax avoidance | Australian Greens

Greens eye tax avoidance crackdown

Australian politics: Greens demand tax avoidance crackdown

Digital nomads and tax: ethical lifestyle choice or cheating?

 

Australian nursing home giants shifting millions in profits offshore ...

 

Mike West on Six top aged care operators 

 

Kim Brooks (Schulich School of Law), Canadians Can Be Unruly, See For Yourself (JOTWELL) (reviewing Shirley Tillotson (Dalhousie University), Give and Take: The Citizen-Taxpayer and the Rise of Canadian Democracy (2017)):

Some of my favourite tax scholarship steps outside technical detail and speaks to how tax systems promote or are informed by higher-order values. So, I welcome Shirley Tillotson’s magnificent and richly researched new book on the era between the enactment of Canada’s federal income tax law in 1917 and its heady 1960s reform period, which saw taxpayer-citizens actively debating the contours of democracy through the vehicle of tax reform. At its heart, the book is about what we can learn about democracy from our engagement with taxation and how our democracy can be enhanced when we find ourselves talking about taxes over coffee. ...

 

  Tax haven word cloud concept Stock Photo - 64192959 

 

Dr Chalmers cited figures revealing that the black economy costs the wider Australian economy as much as $25 billion, much of which he argued can be built into the mainstream to reap taxation benefits as well as improved conditions for workers.
 

Joel Slemrod (Michigan) presents Taxing Hidden Wealth: The Consequences of U.S. Enforcement Initiatives of Evasive Foreign Accounts at Georgetown today as part of its Tax Law and Public Finance Workshop Series hosted by Lilian Faulhaber and Itai Grinberg:
In 2008, the IRS initiated efforts to curb the use of offshore accounts to evade taxes. This paper uses administrative microdata to examine the impact of the enforcement efforts on taxpayers’ reporting of offshore accounts and income. Enforcement caused approximately 60,000 individuals to disclose offshore accounts with a combined value of around $120 billion. Most disclosures happened outside offshore voluntary disclosure programs by individuals who never admitted prior noncompliance. The disclosed accounts were concentrated in countries whose institutions facilitate tax evasion. The enforcement-driven disclosures increased annual reported capital income by $2.5-$4 billion corresponding to $0.7-$1.0 billion in additional tax revenue.




Illegal cigarettes account for 15pc of the market
How to make mulitnationals pay taxes honestly Deccan Herald






Azeri ruling families linked to secret investments via Maltese bank The Guardian
‘President’s children among alleged beneficiaries of multimillion-pound global investments by networks of companies’

Pilatus Bank used by Azeri elites to move millions into Europe Times of Malta
‘Over 50 companies used to move money around Europe’



Tax Avoidance and the Irish Balance of Payments Council on Foreign Relations
‘At this point, profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.’




Will new legislation turn Kenya into a tax haven? Institute for Security Studies


Swiss Banks Get Best Lawyers in Petrobras Probe, Prosecutor Says Bloomberg
‘Over $1 billion seized at banks in Switzerland to date’Officials express doubts on dividend tax abolition in secret memos
Britain, headquarters of fraud The Guardian
‘The UK is at the centre of global corruption: shell companies that launder dirty money can be set up with ease. But when a whistleblower showed just how easy it is, he faced the full force of the law’
4,000 toddlers are listed as UK business owners Quartz
‘It is surprisingly easy to fraudulently create a company in someone else’s name and go undetected by UK authorities’




Over a hundred auditor registrations cancelled

Pippa Browde (Montana), A Consumer Protection Rationale for Regulation of Tax Return Preparers, 101 Marq. L. Rev. 527 (2017):
Of the 150 million tax returns filed each year, approximately fifty-six percent are prepared with the help ofa paid preparer. Although state-licensed lawyers and certified public accountants may prepare tax returns for clients, the vast majority ofpaid tax return preparers are completely unregulated. For low-income taxpayers who are eligible for refundable tax credits, these unregulated tax return preparers do more than just fill out tax returns. Return preparers who serve low-income taxpayers often also market consumer credit products, such as refund anticipation loans or checks.
 
The chronic staffing crisis in Australia’s aged care system has led to dangerous workloads for nurses and carers resulting, too often, in missed care for vulnerable nursing home residents. This report finds that the big, 'for-profit' providers, clearly have the financial capacity to improve staffing to ensure safer and more effective care.