Better a wise man’s servant than an idiot’s master - Vietnamese Proverbs
Vietnam 2018: Best of Vietnam Tourism
7 reasons to visit Nha Trang, the underrated pearl of Vietnam
- Via MEdia Dragon spiritual Brother George Clooney
- Nguoth Oth Mai in June 2014 purchased the seven-figure home in Narre Warren, in Melbourne's south-east
- The 22-year-old was on welfare and living in a housing commission when he purchased the property
- Court documents reveal the home was bought using five payments from African companies, police allege
- Nguoth Oth Mai is the son of former chief of staff to Sudan's People's Liberation Army, James Hoth Mai
- Police hope to seize the mansion following civil action launched under the Proceeds of Crime Act
South Sudanese military general's son, 22, on welfare benefits
How Tax Evasion Increases Inequality
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
NBER [access req’d]: Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data. Henry S. Farber, Daniel Herbst, Ilyana Kuziemko, Suresh Naidu. NBER Working Paper No. 24587 Issued in May 2018
The first four Coalition Federal budgets have all left Australia much poorer. The fifth, last week, continues that trajectory. In the concluding part of his series, Alan Austin examines how the treasure was lost and strategies for its recovery.
[Read Part One Counting the cost of the Coalition (Part 1): A nation's loss ]
Counting the cost of the Coalition (Part 2): Where has Australia’s wealth gone?
The year of taxing dangerously
You may be able to do a deal with the Australian Taxation Office but ... it much harder for entrepreneurial companies to attract expertise onto their boards it is too risky
Here's how you can earn reward points on your tax bill
HOW TO LAUNDER RUSSIAN MONEY: For Wired
magazine, Garrett M. Graff details the levels of obfuscation launderers
use. Namely, they: 1) Place the dough in a financial institution, 2) Move it
around to make its origin harder to trace, often through layers of LLCs, 3)
“Integrate” it out of the banks and into a “legitimate” investment like real
estate, or, in the case of Walter White in “Breaking Bad,” a cash-rich business
like a car wash.
Tax Justice: links to this press release from EPSU, the European Public Service Union which comprises 8 million public service workers from over 265 trade unions. Here’s their joint statement on their new research on McDonald’s, entitled Unhappy Meal report.
Tax Justice: links to this press release from EPSU, the European Public Service Union which comprises 8 million public service workers from over 265 trade unions. Here’s their joint statement on their new research on McDonald’s, entitled Unhappy Meal report.
The myth of the self-made person
Richard murphy had already been writing about what I think the true meaning of a company is when he read this in an email from The Sunday Times this morning:No one builds their own fortunes.
No one is self-made.
The Sunday Times might like to promote the myth at the behest of, or to flatter, Rupert Murdoch. But the simple fact is that everyone has to work in company. And the bread has to be shared.
Those who think otherwise need to be reminded, often, of the folly of their thinking and, too often, their ways..
Measures to tackle black economy are suspiciously totalitarian
Cash ban plays right into Bitcoin's hands - News.com.au
ATO reveals 'what attracts our attention'
A sure-fire way to attract unwanted attention and even a full audit from the Tax Office is to make these common suspicious actions
Dog Owners of Tribeca
Photo by Taro the Shiba Inu. CC BY 2.0
Dog Owners of Tribeca
My favorite news story from last week: it turns out that ten years ago, a group of dog owners inTribeca installed a lock on a public New York City dog park, and started charging people a membership fee—$120 a year—if they wanted to use the (public!) park. They created a list of rules, most of which focused on keeping others out, and, if you violated the rules, you were kicked out, and apparently had to let your dog play with other proletariat dogs. (N.b.: this state of affairs lastedten years, until the city finally cut the lock and reopened the park to the public.)
This story has everything: self-absorbed and self-righteous New Yorkers; a funny thing I read on Twitter while sitting in church Sunday; a bit on this week’s Wait Wait Don’t Tell Me. And, perhaps more importantly, a tax angle. See, these snooty, selfish New Yorkers did something more than hijack a public space—they formed a tax-exempt organization to manage it. Continue reading
Total tax evasion among the top 0.01% in Scandinavia is roughly 10 times the level of the population at large.
Banksters On FOUR CORNERS
CNBC May 5, 2018
Warren
Buffett believes cybersecurity incidents will rise, and with it the potential
to significantly harm the insurance industry. "Cyber is uncharted
territory. It's going to get worse, not better," he said at the Berkshire
Hathaway 2018 Annual Shareholders Meeting Saturday. "There's a very
material risk which didn't exist 10 or 15 years ago and will be much more
intense as the years go along." Buffett said he doesn't want much
underwriting exposure to cybersecurity threats for Berkshire's insurance
businesses. He noted the company has a "pretty good idea" on how to
properly assess the probabilities for earthquakes in California and hurricanes
in Florida, but not with computer hacking threats. The investor expressed
skepticism that any insurance company can assess the risk for cybersecurity
events.
Ars
Technica May 7, 2018
A mass
hacking campaign that targets a critical vulnerability in the Drupal content
management system has converted more than 400 government, corporate, and
university websites into cryptocurrency mining platforms that surreptitiously
drain visitors' computers of electricity and computing resources, a security
researcher said Monday. Sites that were hacked included those belonging to
computer maker Lenovo, the University of California at Los Angeles, the US
National Labor Relations Board, the Arizona Board of Behavioral Health
Examiners, and the city of Marion, Ohio, Troy Mursch, an independent security
researcher, told Ars on Monday. The Social Security Institute of the State of
Mexico and Municipalities, the Turkish Revenue Administration, and Peru's
Project Improvement of Higher Education Quality were also affected. The US had
the largest concentration of hacked sites, with at least 123, followed by
France, Canada, Germany, and the Russian Federation, with 26, 19, 18 and 17,
respectively.