Thursday, October 06, 2022

Trouble at the OECD - Addiction Instead of Taxation

The Albanese government has kicked off the multinational tax reforms it promised during the federal election.

Labor pledged to support the OECD's "two pillar" approach to crack down on multinational tax avoidance, which includes a 15 per cent floor rate for corporate tax globally to help eliminate tax havens.

Multinational tax reform gets under way


Several tax chiefs shared their administrations’ latest digital identity tracking systems and other tax technologies at the OECD’s annual meeting of authorities.

OECD’s annual FTA meeting highlights tax technology upgrades



Another cyber attack in Australia with hackers gaining access to tax file numbers, bank account information and medical checks - just days after the massive Optus hack


Almost two years after a break-in at a suburban tax agent in Sydney’s north-west, victims whose identities were compromised remain powerless to stop ongoing attempts at fraudulent tax returns in what experts warn shows the long-reaching consequences of data theft.

When Income Tax Professionals at Baulkham Hills was broken into over Christmas 2020, thieves took a number of paper files and one of the firm’s computers.

Two years after personal data was stolen the old-fashioned way, the fraud continues


Despite ‘desert tsunami,’ one of the world’s rarest fish are thriving in Death Valley Fort Worth Star-Telegram.\. And the cotton are high


When Income Tax Professionals at Baulkham Hills was broken into over Christmas 2020, thieves took a number of paper files and one of the firm’s computers.

Two years after personal data was stolen the old-fashioned way, the fraud continues


Trouble at the OECD Inside Story


Addiction Instead of Taxation

Increasing duties on tobacco is least effective amongst the least advantaged segments of the community at decreasing smoking. Over time, the effect of approaches such as this is to push an increasingly larger share of the burden for government revenue onto a smaller, and more disadvantaged and addicted section of the population.


BlackRock threatened to halt trading at height of UK market tumult FT


The Blackstone rebellion: how one country took on the world’s biggest commercial landlord Guardian

“I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live up to what light I have.” 


The Queen is dead, the big questions aren’t

Will the Queen’s death prompt meaningful debate about Australia’s colonial past and its republican future? I fear not. Too often we do the talk much better than the walk.


Vice: “Nobody really likes being tracked around the web, but rejecting cookies in a pop-up window every time you’re presented with the option can be exhausting. 

Now, there’s a tool that will do it for you automatically, and it’s called Consent-O-Matic.  Despite it being four years since Europe’s GDPR data protection and privacy law was passed, along with the creation of consent management platforms (CMPs) meant to ensure compliance with GDPR, many sites still outright violate regulations and deceptively track internet activity. In April, researchers at Aarhus University released Consent-O-Matic to automatically reject permission requests to track you…”

Vice Open-Source ‘Consent-O-Matic’ Tool Lets Anyone Automatically Stop Websites From Tracking Them


 More ambitious people are seen as less warm and likeable


 New Chicago finance panel polled on issues of economics and finance



 “Non-profit” hospitals are not very nice to the poor (NYT).


Dan Ariely WSJ column ending (WSJ)


Demographic impact of Russian mobilization


The wisdom of Scott Sumner (on feminism, and Putin)


Here’s a list of the world’s top ten airlines:

  1. Qatar Airways
  2. Singapore Airlines
  3. Emirates
  4. ANA (All Nippon Airways)
  5. Qantas Airways
  6. Japan Airlines
  7. Turkish Airlines
  8. Air France
  9. Korean Air
  10. Swiss International Air Lines

The airlines in this list have at least two things in common: None of world’s best airlines are US owned and none of them are allowed to operate domestically in the United States. The two common elements are related because so-called “cabotage laws” prohibit foreign airlines from serving domestic travelers.


Buckminster Fuller, bursting with ideas, displayed a remarkable talent for design, novelty, and  losing money  »