Friday, July 08, 2022

New York Times Shows How McKinsey “Guided” Major Opioid Players, Causing Even More deaths

Christian Porter acting for Mick Gatto in his high court appeal over ABC defamation case



The Tories are rotten to the top

The sleaze within the Tories really does go very deep. As Politico and many others report, Tory deputy chief whip Chris Pincher MP had to
Read the full article…


THE 10 BIGGEST DATA BREACHES OF 2022 (SO FAR)


Former ATO staffer charged for accepting $150k bribe TAX A taxpayer allegedly paid the Tax Office employee to reduce $6 million in personal and business debts.


New method scammers are using to take your cash


More fallout and media reaction from this week’s blockbuster Jan. 6 hearings

There has been no shortage of opinions since Cassidy Hutchinson’s powerful testimony.

June 30, 2022
 


Haneman: Tax Incentives For Green Burial



Sureyya Burcu Avci (Sabanci University; Google Scholar), Cindy A. Schipani (Michigan; Google Scholar), H. Nejat Seyhun (Michigan; Google Scholar) & Andrew Verstein (UCLA; Google Scholar), Insider Giving, 71 Duke L.J. 619 (2021):

Duke Law Journal (2022)Corporate insiders can avoid losses if they dispose of their stock while in possession of material nonpublic information. One means of disposal, selling the stock, is illegal and subject to prompt mandatory reporting. A second strategy is almost as effective, yet it faces lax reporting requirements and enforcement. That second method is to donate the stock to a charity and take a charitable tax deduction at the inflated stock price. This “insider giving” is a potent substitute for insider trading. We show that insider giving is far more widespread than previously believed. In particular, we show that insider giving is not limited to officers and directors. Large investors appear to regularly receive material nonpublic information and use it to avoid losses.

Using a vast dataset of essentially all transactions in public company common stock since 1986, we find consistent and economically significant evidence that these shareholders’ impeccable timing likely reflects information leakage. We also document substantial evidence of backdating—investors falsifying the date of their gift to capture a larger tax break. We show why lax reporting and enforcement encourage insider giving, explain why insider giving represents a policy failure, and highlight the theoretical implications of these findings to broader corporate, securities, and tax debates.


Fast Company: “It’s no secret that private intel companies compile vast dossiers on us. But the extent is breathtaking. Here’s how it works—and what you can do about it. We’ve seen a stream of revelations about data brokers in recent months, and though the stories vary, the takeaway is consistent: Our privacy has never been more vulnerable. In May, Vice found that data brokers have been collecting and selling location information of people visiting abortion clinics. That same month, Human Rights Watch revealed that most edtech companies are collecting information on children. And earlier this year, comedian John Oliver famously showedhow easy it is to target and compile embarrassing information on members of Congress. Even a conservative estimate by Privacy Rights Clearinghouse puts the number of data brokers in the U.S. at over 500. And the information they collect is vast, although details about it are scarce. In a 2014 article in MediaPost, an executive at one of the largest data brokers, Acxiom, said that, “For every consumer we have more than 5,000 attributes of customer data.” 
Experts say there is virtually no regulation of this data collection industry in the U.S. “Within the law, anyone could be doing pretty much anything with your data,” says Bennett Cyphers, a staff technologist at the Electronic Frontier Foundation. “And they don’t have to tell anyone about it.” There are, however, ways to fight back against data tracking. The first step is knowing how—and where—you’re being tracked….”


New York Times Shows How McKinsey “Guided” Major Opioid Players, Causing Even More Deaths

More on how McKinsey has gotten away with murder


Solove, Daniel J. and Schwartz, Paul M., An Overview of Privacy Law in 2022 (April 1, 2022). Chapter 1 of PRIVACY LAW FUNDAMENTALS (6th Edition, IAPP 2022), GWU Legal Studies Research Paper No. 2022-26, GWU Law School Public Law Research Paper No. 2022-26, Available at SSRN: https://ssrn.com/abstract=4072205



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