If all your beliefs fit into one political party THEY AREN’T YOUR BELIEFS.
The Silenced Employee The Unconscious Manager
Close to 40% of multinational profits are shifted to tax havens each year
This paper constructs time series of global profit shifting covering the 2015–19 period, during which major international efforts were implemented to curb profit shifting. We find that (i) multinational profits grew faster than global profits, (ii) the share of multinational profits booked in tax havens remained constant at around 37 per cent, and (iii) the fraction of global corporate tax revenue lost due to profit shifting rose from 9 to 10 per cent. We extend our time series back to 1975 and document a remarkable increase of multinational profits and global profit shifting from 1975 to 2019.
WIDER Working Paper 2022/121 Global profit shifting, 1975–2019 Ludvig Wier1 and Gabriel Zucman2
Cybercriminals Starting to Use ChatGPT Check Point Research
Check Point Research: “At the end of November 2022, OpenAI released ChatGPT, the new interface for its Large Language Model (LLM), which instantly created a flurry of interest in AI and its possible uses.
However, ChatGPT has also added some spice to the modern cyber threat landscape as it quickly became apparent that code generation can help less-skilled threat actors effortlessly launch cyberattacks. In Check Point Research’s (CPR) previous blog, we described how ChatGPT successfully conducted a full infection flow, from creating a convincing spear-phishing email to running a reverse shell, capable of accepting commands in English.
The question at hand is whether this is just a hypothetical threat or if there are already threat actors using OpenAI technologies for malicious purposes. CPR’s analysis of several major underground hacking communities shows that there are already first instances of cybercriminals using OpenAI to develop malicious tools.
As we suspected, some of the cases clearly showed that many cybercriminals using OpenAI have no development skills at all. Although the tools that we present in this report are pretty basic, it’s only a matter of time until more sophisticated threat actors enhance the way they use AI-based tools for bad.”
The Ultrarich Are Getting Cozy in America’s Tax Havens Portside
EVERYTHING IS STUPID, EVEN THE ARTIFICIAL INTELLIGENCE: ChatGPT is enabling script kiddies to write functional malware.
