Lunch with RFS boss Shane Fitzsimmons: Tears on the darkest days
The commissioner talks of a childhood of family violence, the loss of his father to fire, and how volunteering kept him on the straight and narrow.
Slideshare Has Become A Major Repository For Pirated Books
The more popular the book, the more pervasive the SlideShare piracy. Searches for the top five fiction and nonfiction books on the New York Times bestseller list (which includes authors ranging from Malcolm Gladwell to Delia Owens to Ronan Farrow) produce multiple pages of pirated e-book links on SlideShare for each title. – Fast Company
Shu-Yi Oei (Boston College) & Diane M. Ring (Boston College), The Importance of Qualitative Research Approaches to Gig Economy Taxation:
As the United States tax system continues to grapple with how to tax workers in the gig economy, it confronts a number of questions about the nature and composition of the sector as well as the tax issues confronted by its participants. Many of these questions have proven difficult to answer due to a lack of adequate information. But the answers are important and will shape how tax and other areas of law (such as employment law, labor law, and antitrust) respond to the gig economy. Thus, the question of how to obtain the data and information necessary to formulate sound policies for gig work is vital.
The 2020 Edelman Trust Barometerreveals that despite a strong global economy and near full employment, none of the four societal institutions that the study measures—government, business, NGOs and media—is trusted. The cause of this paradox can be found in people’s fears about the future and their role in it, which are a wake-up call for our institutions to embrace a new way of effectively building trust: balancing competence with ethical behavior…Since Edelman began measuring trust 20 years ago, it has been spurred by economic growth
Australia has slightly fewer billionaires, but their wealth is still increasing says Oxfam
47 countries witness surge in civil unrest – trend to continue in 2020- Political Risk Outlook 2020 – “The dramatic surge in protests in 2019 has swept up a quarter of countries in its tide and sent unprepared governments across all continents reeling. According to our latest data and forecasts, the turmoil is set to continue unabated in 2020. Our quarterly Civil Unrest Index reveals that over the past year 47 jurisdictions have witnessed a significant uptick in protests, which intensified during the last quarter of 2019
This interesting article is right down my alley, namely R&D tax incentives. Recently, legal scholars (including yours truly here and here)
have questioned the justifications for the current R&D tax
incentives regime and their effectiveness in inducing additional
research expenditures. Every year, about 25 billion dollars of research
incentives are claimed by companies. Likewise, the current R&D
credit allows companies to reduce tax bills by an amount equal to 14 or
20 percent of their current year Qualified Research Expenditures. The
article points out that this tax benefit combined with the U.S.
self-assessment principle that encompasses only occasional ex-post
audits create an incentive for managers to participate in contemptuous
self-reporting, that is reporting their companies’ tax while
intentionally miscategorized R&D expenditures. Moreover, the recent
repeal of the corporate Alternative Minimum Tax (AMT) in the Tax Cuts
and Job Act removed the limits on the extent to which taxpayers can
utilize credits and deductions to lower their overall tax liability,
thus created a bigger tax break for R&D while perpetuating the
incentive to overstate R&D spending.
John Cochrane on wealth and taxes, overview.
Allison Christians (McGill) & Tarcisio Diniz Magalhaes (McGill), A New Global Tax Deal for the Digital Age:
This week, Mirit Eyal-Cohen (Alabama) reviews Israel Klein (Ariel University), Contemptuous Tax Reporting, 2019 Wis. L. Rev. ___ :
- Money Laundering: $8.14 billion of AML fines handed out in 2019 – USA and UK top the list (17 Jan 2020)
- Global anti-money laundering fines top £6bn (17 Jan 2020)
- Flybe confirms it will get a UK tax and duty holiday (17 Jan 2020)
- Trump Tax Break That Benefited the Rich Is Being Investigated (16 Jan 2020)
- Amazon shrugs off threat from UK's new digital tax (16 Jan 2020)
- Amazon says UK tech tax could hit small businesses (16 Jan 2020)
- Trump
Tax Cut Hands $32 Billion Windfall to America's Top Banks (16 Jan
2020)
- Italian court confirms ING new customer ban in money laundering case (16 Jan 2020)
- Ryanair demands same 'tax holiday' amid Flybe rescue deal backlash (16 Jan 2020)
- Corporate Welfare: Betfred owners make millions from company treating gambling addicts (16 Jan 2020)
- Free
ports must lock out risk of money laundering
(16 Jan 2020)
- FCA new money laundering and terror funding watchdog (16 Jan 2020)
The
famous and wealthy owner of the Tottenham football club is rumoured to house
400+m of art on his super yacht.
John Cochrane on wealth and taxes, overview.
Allison Christians (McGill) & Tarcisio Diniz Magalhaes (McGill), A New Global Tax Deal for the Digital Age:
The OECD is currently in the midst of a project intended to tackle the tax challenges arising from the digitalization of the economy. As laid out in Pillar 1 of its program of work released in May 2019, the goal seemed broadly to develop consensus on a new taxing right, to allow countries to tax multinationals even in the absence of traditional physical presence. Upon inspection, the plan seems to be about rebalancing taxing rights mostly among the relatively affluent OECD member states plus a few other key non-OECD states. Viewed from this perspective, the urgent effort to forge a new global tax deal for the digital age is destined to forestall a much-needed discussion on the broader distributive implications of the current global tax deal. This Article therefore critically examines the emerging tax bargain. Part I begins with a brief survey of some of the main factors that prompted the OECD to turn its attention to this topic. Part II considers the origins and development of nexus in the international tax regime, showing why this concept is amenable to broad expansion. Part III examines the range of reforms currently under consideration, arguing that the framing on digitalization misses a necessary connection to other pressing international policy programs that are also under development, most notably a global commitment to building institutions that support sustainable economic development.
