The Oldest Company in Almost Every Country (That is Still in Business) Business Financing. Fittingly, Australian Post is the oldest company in Australia ... note that the oldest company in the United States is a plantation
Sadly, my great grandfather's pub and mill business did not survive the communist confiscations in Europe back in 1948 (The year Orwell penned and punned his 1984) ... However, even the communist could not touch his land which contains rich and healing hot springs ...
AI as ‘ultimate auditor?’ Congress praises IRS’ adoption of emerging tech
Contractors handling Australia's sensitive diplomatic mail dismissed for alleged misconduct
U.S. charges two Chinese nationals in North Korea cryptocurrency scheme
Home Affairs Minister Peter Dutton will meet security ministers from the Five Eyes intelligence alliance in Washington
EXCLUSIVE: FRC outlines plans for radical Big Four separation
The regulator is aiming for an operational split of audit practices by 2022 in major carve-up of firms. Sara White reports
CONQUERING DEFEATISM: Tired of following
tedious processes and the staggering cost of obeying rules of almost zero
impact? There are options.
What if the Government is Just Another Firm? (Part 1) Economics from the Top Down. Part 2.
Sadly, my great grandfather's pub and mill business did not survive the communist confiscations in Europe back in 1948 (The year Orwell penned and punned his 1984) ... However, even the communist could not touch his land which contains rich and healing hot springs ...
AI as ‘ultimate auditor?’ Congress praises IRS’ adoption of emerging tech
Contractors handling Australia's sensitive diplomatic mail dismissed for alleged misconduct
Federal bodies struggle to exit Chinese-owned data centre
U.S. charges two Chinese nationals in North Korea cryptocurrency scheme
Home Affairs Minister Peter Dutton will meet security ministers from the Five Eyes intelligence alliance in Washington on Thursday, in a bid to finalise a global agreement that would force Facebook and Google to help shut down live streaming and sharing of child sex abuse.
EXCLUSIVE: FRC outlines plans for radical Big Four separation
The regulator is aiming for an operational split of audit practices by 2022 in major carve-up of firms. Sara White reports
- Longtime “Inside the Actors Studio” host James Lipton died Monday at the age of 93. Jo Craven McGinty has a superb obit (and perfect ending) in The New York Times.
- An oldie but a goodie: From February 2013, David Owen’s story from The New Yorker about “The Rise of Purell” — especially interesting these days as people are loading up on hand sanitizer.
- Sunday’s “60 Minutes” featured an interview with Trump-pardoned Navy SEAL Eddie Gallagher. The New Republic’s Adam Weinstein had a big problem with that.
- “Amy Klobuchar looked great on paper. What went wrong?” FiveThirtyEight’s Perry Bacon Jr. with the breakdown. Klobuchar will be interviewed by Savannah Guthrie on this morning’s “Today” show on NBC.
Strange and foreign' coronavirus powers activated to forcibly detain Australians
Australians
will be able to dob on sick neighbours and large crowds at sport
matches could be banned as the Morrison government activates sweeping
powers.
What if the Government is Just Another Firm? (Part 1) Economics from the Top Down. Part 2.
Company 'never existed': Former ad agency contractor charged over $1 million fraud
The woman was arrested on Australia Day over allegedly committing the fraud as a financial director of the agency.
Five people charged in Sydney's second largest MDMA drug seizure
Five people have been arrested over a tonne of MDMA which was seized after police and Border Force officials realised all was not as it seemed with a consignment of tiling grout.
- US nets second guilty plea in Panama Papers case
- HMRC investigations into footballer tax affairs reaches record numbers
- UN forms panel to help battle tax evasion, money laundering
- EU court backs Google in Hungary tax challenge
- Hungary Flounders at EU Court in Google Tax Spat
- Amazon's fight against $277 million EU tax order kicks off
- Is there more to the EU's tax haven blacklist than meets eye
- The world is losing $200 billion a year because of tax havens
- Ireland faces losing €2bn in corporate tax under OECD reform
The winner of the International Fiscal Association's 2019 International Tax Student Writing Competition is David Rubin (Virginia), EB OR NOT EB? That is the Question Treasury Must Answer After Brexit, 49 BNA Tax Mgmt. Int’l J. 1 (2020).
Faculty Sponsor: Ruth Mason
Faculty Sponsor: Ruth Mason
A nation’s response to disaster speaks to its strength and to its dysfunctions
The Atlantic – Epidemics Reveal the Truth About the Societies They Hit– “..Epidemics, like disasters, have a way of revealing underlying truths about the societies they impact. The Chinese have already paid a high price for the secretiveness of their system, and for the top-down bureaucratic culture that led many, initially, to conceal the disease. By contrast, one of the reasons Italians aren’t panicking more is that they have confidence in the public-health system, and indeed the system in the broader sense of the word, despite Salvini and his disinformation campaigns. Italy has already tested many thousands of people for the virus—testing is free, of course—which is one of the reasons the numbers are so much higher there than elsewhere. People know this, and repeat it to one another, sometimes joking about it (“We Italians are too honest”) but it is a source of pride. Few others in Europe, so far, are testing that widely. And, of course, the U.S. is not doing anything of the sort…”
See also The New Yorker – Evan Osnos: How Political Spin Has Worsened Epidemics – “…This year, in the first months of the coronavirus epidemic, governments in multiple countries have tried to shape the truth in order to maintain control and deflect criticism…”
And Foreign Policy – Trump Has Sabotaged America’s Coronavirus Response – As it improvises its way through a public health crisis, the United States has never been less prepared for a pandemic.
and How to prepare for the coronavirus like a pro – Some of the smartest people I know are getting ready for a crisis—including me.
See also The New Yorker – Evan Osnos: How Political Spin Has Worsened Epidemics – “…This year, in the first months of the coronavirus epidemic, governments in multiple countries have tried to shape the truth in order to maintain control and deflect criticism…”
And Foreign Policy – Trump Has Sabotaged America’s Coronavirus Response – As it improvises its way through a public health crisis, the United States has never been less prepared for a pandemic.
and How to prepare for the coronavirus like a pro – Some of the smartest people I know are getting ready for a crisis—including me.
COMMUNIST FRONT CORPORATION: Leaked documents suggest Huawei violated Iran sanctions. “Internal documents reviewed by Reuters show that Huawei shipped computer equipment made by Hewlett-Packard to Iran’s largest mobile operator in 2010. The documents provide strong evidence that Huawei was involved in alleged trade sanction violations. They could potentially be used to strengthen the United States’ multifaceted case against Huawei.”
More than 80,000 Uighurs
have been forced to work in factories for global brands in
China, including Apple, Nike, Gap and Sony, according to a new
report from the Australian Strategic Policy Institute. Conditions “strongly
suggest forced labour” in factories “far away” from their homes, the report
said. The new evidence comes just a week after the United Nations demanded
“unfettered access” to Xinjiang.
A second person has pleaded
guilty in the U.S. to crimes connected with the Panama Papers. Massachusetts
accountant Richard Gaffey apologized to the court and to his country, friends,
family and clients on Friday. Gaffey pleaded guilty to eight
felonies and agreed to forfeit $5.3 million.
FOR THE PEOPLE
In the late 1980s, Yasuomi
Sawa was frustrated with the way news media focused too much on “giving voice
to those in power, and their version of events, rather than listening to the
voiceless.” Yasuomi, now a senior writer with Kyodo News in
Japan, has embraced data journalism – and taken on the fight of getting
reporters, and the public, better access to court records and other
information. We’re so glad to have him in our network!
DUTCH WIN
After publishing their
Luanda Leaks stories, our Dutch partners Het Financieele Dagblad were taken to
court by United International Management – one of Isabel dos Santos’ advisers.
Last week, an Amsterdam judge dismissed the
case, ruling in favor of the investigative journalists and
rejecting all of the claims made by United. The lawsuit “shows the determination
of some parties in the trust sector to obstruct our work as journalists rather
than to be accountable to the public for their actions,” said Prisco Battes,
Het Financieele Dagblad’s deputy editor-in-chief.
Juan Carlos Suárez Serrato (Duke) presents Unintended Consequences of Eliminating Tax Havens at the University of British Columbia Peter A. Allard School of Law today as part of its Tax Law and Policy Workshop Speaker Series hosted by Wei Cui:
Eliminating firms’ access to tax havens can have unintended consequences for their domestic economic activity. We study a policy that limited profit shifting by US multinationals and show it raised the tax cost of domestic investment. Firms affected by the policy responded by reducing investment and domestic employment. Firm-level responses were amplified to local labor markets through the establishment networks of profit-shifting firms. More exposed local labor markets experienced declines in employment, income, and home values and saw increases in government transfers. Policy proposals that limit profit shifting should therefore consider effects on economic activity in addition to tax revenue.