Wednesday, June 27, 2018

Regulators and the consumer data right: new responses now a possiblity


Everyone knows the song that Millwall fans sing, to the tune of „Sailing”: 'No one likes us/No one likes us/No one likes us/We don't care.' In fact I have always felt that the song is a little melodramatic, and that if anyone should sing it, it is Arsenal.
Every Arsenal fan, the youngest and the oldest, is aware that no one likes us, and every day we hear that dislike reiterated.”
― Nick HornbyFever Pitch 


INK BOTTLE“Shop fascinated her, for she knew that most men were interesting only when they were talking it. As long as one hadn’t heard it all that fatal time too often. And behind the technicalities were a man’s own view of them, his thoughts and his unconscious judgements. No man could wholly hide them and not all tried.”

William Haggard, The Unquiet Sleep



'It's just crazy': The winners and losers in Sydney's peak-hour lottery

It might be hard to believe, but some Sydney roads have improved during peak hour. For others, the strain is showing more than ever.






Labor's Plan to Tackle Tax Havens - Speech, Federation Chamber


"Can any of us here think of a country that has made itself wealthier and boosted productivity by building walls?
~ Dr Lowe
 
The Guardian: “In the Chinese city of Hengyang, we find a fatigued, disposable workforce assembling gadgets for Amazon, owned by the world’s richest man…The Foxconn factory in Hengyang relies on the tried and tested formula of low wages and long hours. But here there is another element 

Regulators and the consumer data right: new responses now a possiblity
When trying to answer what type of regulation should be used in different scenarios, the relatively new phenomenon of the sharing economy provides fruitful fodder 


Data ethics is more than just what we do with data, but who is doing it
If the recent Cambridge Analytica data scandal has taught us anything, it’s that the ethical cultures handling the community's data needs tougher scrutiny 


ProPublica: “The CDC has quietly published a controversial review of perfluoroalkyl substances, or PFAS, that indicates more people are at risk of drinking contaminated water than previously thought. A major environmental health study that had been suppressed by the Trump administration because of the “public relations nightmare” it might cause the Pentagon and other polluters has been quietly released online. The U.S. Centers for Disease Control and Prevention published the controversial 852-page review of health dangers from a family of chemicals known as perfluoroalkyl substances, or PFAS – man made chemicals used in everything from carpets and frying pan coatings to military firefightin










Cryptodata Via David Siegel:

Not much, but it’s a start. The individual series are:
 


In my most recent Annual Report to Congress, I included the IRS’s efforts to reach out to participants in the sharing economy (also know as the “gig economy”) as a Most Serious Problem. ...

Jonathan Grossberg (American), Attacking Tax Shelters: Galloping Toward a Better Step Transaction Doctrine, 78  La. L. Rev.  369 (2018):

Since the beginning of the Internal Revenue Code, taxpayers have sought to lower their tax bills through creative tax planning. The step transaction doctrine is one of several tools used by the Internal Revenue Service and courts to challenge tax shelters and tax evasion. The step transaction doctrine provides that the courts may combine two or more allegedly separate steps in a multi-step transaction into a single step to better reflect the economic reality of the taxpayer’s actions. Derived from Supreme Court decisions in the 1930s, the doctrine deserves renewed scrutiny today because serious conceptual issues exist regarding the three current tests that courts use to determine when to combine various steps in a tax-motivated multiple-step transaction. This Article addresses two perennial themes in tax law: the role of judicial doctrines in a statutory system and the difficulty of taxing related-party transactions.

These new entrants to the sharing economy will need to spend significant time learning about their tax compliance obligations and devote many hours to recordkeeping. For example, the IRS estimates that it takes taxpayers nearly 40 hours to learn about depreciation methods, keep records, and report the depreciation to the IRS. Yet, according to a recent survey conducted by NASE, 69 percent of entrepreneurs who participate in the sharing economy received absolutely no tax guidance from the service coordinators.


Your Google Account gives you quick access to settings and tools that let you safeguard your data, protect your privacy, and decide how your information can make Google services work better for you.”



Audit of complaints investigated by Professional Standards Command, Victoria Police