Jeffrey Epstein's offshore fortune traced to Paradise Papers
ATO targets lawyer privilege in crackdown on multinationals
The Australian
The Australian Taxation Office will move to stop lawyers using legal professional privilege to frustrate ...
SWIFT data can be a global vantage point for tackling global money laundering
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Mr Kapila's arrest follows that of Gagandeep Pahwa, 30, his domestic partner Gopali Dahl, 30, and their associate Bipin Thapa, 29, who were arrested by detectives from the Criminal Groups Squad last Thursday.
Fourth person arrested over alleged $100m money laundering syndicate, attempting to leave the country
Police have arrested a fourth person over an alleged $100 million money laundering syndicate, apprehending him as he attempted to leave the country at Sydney International Airport.
- Via Lucy Cormack
Economic crime: How the Tories are leaving foxes in charge of the hen house
Efforts to tackle fraud, corruption and money laundering could fall victim to corporate capture, argues Prof Prem Sikka.
Rich people's problems - If America introduces a ... - The Economist
The Taxman Is Contacting People About Their Cryptocurrency
IN AMERICA, CLASS WARFARE IS DISGUISED AS CULTURE WAR: The death of the working class reporter: Journalism is becoming an elite profession—and that’s bad news.
Canada invests in whistleblower awards, and reaps the rewards
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Kimberly Clausing (Reed College), Taxing the Rich:
The Issue:
Many Americans have not felt the benefits of strong GDP growth in
recent decades, as thirty-five years of rising income inequality have
concentrated the income growth at the top of the distribution. While the
federal income tax system is progressive, it has failed to counter
these trends, and some of our tax policy changes have in fact
exacerbated inequality. At present, many feel that the U.S. government
needs more revenue for urgent fiscal priorities such as infrastructure,
yet the federal government is operating with high budget deficits and
debt. Thus, as policy-makers search for new revenues, some are eager to
increase tax payments by those at the top of the income distribution.
New York Times editorial, Can States Just Say No to Corporate Giveaways?:
Largest U.S. drug companies flooded country with 76 billion opioid pills, DEA data shows Washington Post (furzy)
Elon Musk-backed Neuralink unveils brain-implant technology Financial Times
Class Warfare
Trump’s Tax Law Threatened TurboTax’s Profits. So the Company Started Charging the Disabled, the Unemployed and Students. ProPublica. UserFriendly: “Evil Evil Evil.”Abigail Disney visited Disneyland undercover. She is ‘livid’ about what she saw CNN. Lambert had this in Water Cooler yesterday, but worth not missing.
New York Times editorial, Can States Just Say No to Corporate Giveaways?:
No
place better illustrates the absurdities of the proliferating use of
tax incentives for job creation than the Kansas City metro area, which
straddles the Missouri-Kansas state line.
Over
the past decade, Missouri and Kansas have offered more than $330
million in tax breaks to lure companies back and forth across State Line
Road. More than 100 companies and more than 12,000 workers have moved
to new offices, some headed east, some headed west. Missouri poached
Swiss Re and Applebee’s; Kansas got JPMorgan Chase and AMC
Entertainment.
Best Job at Johnny Walker ;-)
Best Job at Johnny Walker ;-)
U.S.
half-shuts door to financial secrecy, opens new window
TJN, 15 July 2019. The U.S. is the world’s second greatest contributor to global financial secrecy only faring better than Switzerland in complicity in enabling financial secrecy schemes that foster tax abuse, money laundering and the financing of terrorism. The saving grace was that it didn’t permit private foundations to be created – this in part gave the U.S. a lower secrecy score on the Financial Secrecy Index than Switzerland. However, thanks to the new New Hampshire Act, private foundations can now be set up without needing to disclose the identity of their founders and beneficiaries, let alone their beneficial owners.
Independent MP Catherine Cumming hires her children and friends as staffers - The Guardian
TJN, 15 July 2019. The U.S. is the world’s second greatest contributor to global financial secrecy only faring better than Switzerland in complicity in enabling financial secrecy schemes that foster tax abuse, money laundering and the financing of terrorism. The saving grace was that it didn’t permit private foundations to be created – this in part gave the U.S. a lower secrecy score on the Financial Secrecy Index than Switzerland. However, thanks to the new New Hampshire Act, private foundations can now be set up without needing to disclose the identity of their founders and beneficiaries, let alone their beneficial owners.
Independent MP Catherine Cumming hires her children and friends as staffers - The Guardian