Thursday, July 14, 2022

A CRISIS HISTORIAN HAS SOME BAD NEWS FOR US

Every act of perception, is to some degree an act of creation, and every act of memory is to some degree an act of imagination.

— Oliver Sacks, born in 1933


Josh's tax file number was stolen. Now his personal data is at risk — and his money


Tax Practitioner Board Chair, Ian Klug AM, has recorded a tax time video message for tax practitioners. Hear tips to stay ahead of the game this tax time.

A tax time message from our Chair


‘Creative’ and ‘funny’: Aussies bold tax return claims

Aussies often get creative with their tax returns, but some take it to a new extreme with the ludicrous expenses they claim.


It Is Okay To Not Be Okay': The 2021 Survey Of Law Student Well-Being


A CRISIS HISTORIAN HAS SOME BAD NEWS FOR US Adam Tooze, a historian of economic disaster, sees a combination of worrisome signs.

The Atlantic: “America and the world are living through what Adam Tooze, the internet’s foremost historian of money and disaster, describes as a “polycrisis.” As he sips a beer at a bar near Columbia University, where he is the director of the European Institute, Tooze talks through a long list of challenges: War, raising the specter of nuclear conflict. Climate change, threatening famine, flood, and fire. Inflation, forcing central banks to crush consumer demand. The pandemic, closing factories and overloading hospitals. Each crisis is hard enough to parse by itself; the interconnected mess of them is infinitely more so. And he feels “the whole is even more dangerous than the sum of the parts.” Not too long ago, Tooze was an obscure academic. Now he’s among the world’s most influential financial commentators, with loyal readerships in Washington, London, Paris, and Brussels, as well as on Wall Street. Tooze’s readers turn to him for his uncanny ability to know which numbers on a spreadsheet matter, or when a trend has hit the point at which it has started to shape history. He looks at trade, currency, equities, wage, employment, debt, and commodities data and somehow makes sense of it—not just in the moment but in the sweep of time. “Economic events have had such a huge influence on politics this century,” Robert Skidelsky, the John Maynard Keynes biographer, told me. Tooze “illustrates the interpenetration of economic policy and political events. It’s as simple as that…”


ProPublicaBefore Moving To Florida, Citadel Billionaire Founder|CEO Spent $54M To Defeat Illinois Tax Hike That Would Have Cost Him $51M/Year




OF COURSE YOU CAN TRUST THE TOTALITARIAN SLAVE STATE:  China reportedly censors alleged data leak of 1 billion residents


IRS in political storm over Trump-era audits The Hill. Tax maven points out: “McCabe got a slug of cash in a GoFundMe-type campaign to pay his legal bills.”


Lindsey Graham ‘Desperate’ Not to Self-Incriminate in Georgia: Kirschner Newsweek (furzy). As written this is nonsense. Grand jury testimony is sealed. The issue is whether the case advances to trial and they call Graham again. Hence this is about the precedent, whether Graham can be compelled to testify on this matter.


New York Times, Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.:

Big 4Court documents show the potential conflicts of interest when accounting firms simultaneously help clients avoid taxes and audit their finances.

The drug company Perrigo had a problem.

Consultants at the giant advisory firm EY had devised an elaborate arrangement that would allow Perrigo, one of the country’s leading makers of nonprescription drugs, to avoid more than $100 million in federal taxes. But the company’s outside auditors, at the accounting firm BDO, were questioning the setup’s propriety.


A 4-Billion-Year-Old Piece of Earth’s Crust Has Been Identified Beneath Australia Science Alert 


Tackling tax abuse by the wealthy matters

I spend a lot of time criticising the management of HM Revenue & Customs, and for good reason, in my opinion. So, I should give
Read the full article…