There is nothing in a tax haven
I've studied tax havens and can say with confidence that there's no actual money in them.
The funds recorded in places like Jersey are just accounting entries, with the real money held elsewhere.
Tax havens exist to facilitate tax avoidance by creating secrecy, but the goal isn't to recover money from them—it's to ensure that income and wealth recorded there are properly taxed in other jurisdictions.
In this morning's video I address the topic that, long ago, really got this blog going, which is tax havens.
Snail farm in city office sparks tax avoidance probe
Police issue urgent warning over HMRC scam spike as expert slams 'believable' letters
Looks and Gaming: Who and Why? NBER
Norway increasingly concerned by Swedish gangs.
The Heart of Starmer’s Government The Northern Star. Ukraine
It turns out that the Trump mess was no bug in the system Greg Gutfeld, FOX:
Two months ago, a man in shorts and a T-shirt walked through an open door in the [FBI] Miami field office and spent the night. First, he took a shower, then downloaded porn on a computer…. Next morning, he asked employees where he could get a cup of coffee, and they got him coffee. Hell, I don’t get treated that well at Starbucks and I own Starbucks. He was only caught when he entered a defensive tactics class, and someone finally asked who the hell he was… Now, look, no agency is perfect, but when some clown can wander into a classified facility, watch porn, wash up, spend the night, have breakfast, and then attend a tactical training session, is it any wonder a whack job can ride up on a bike and shoot Trump? Best Buy has better security…. So forget the conspiracy theories unless it’s a conspiracy of decline, and it’s everywhere.
These cool but creepy features of AI phones will erode trust in everything Business Standard
A Drunken Evening, a Rented Yacht: The Real Story of the Nord Stream Pipeline Sabotage WSJ
The competing theories of the Nord Stream explosions FT
Germany issues arrest warrant for Ukrainian suspect over Nord Stream sabotage France24
Ukraine and Russia Plan to Keep Gas Flowing Amid Fighting Bloomberg
Deception and a Gamble: How Ukrainian Troops Invaded Russia NYT
Ukraine’s Ombudsman explains purpose of establishing military commandants’ offices in Russia’s Kursk Oblast Ukrainska Pravda
SITREP 8/14/24: Zelensky Doubles Down as His Front Collapses Simplicius, Simplicius the Thinker
French Fighters on Both Sides: ‘Normandie-Niemen’ Drone Squadron Helping Russia to Repel Ukraine’s Kursk Offensive Military Watch
Russians attack Odesa with ballistic missile, targeting port infrastructure Ukrainska Pravda
Ukraine and Russia begin talks on exchange of prisoners captured in Kursk FT
Putin the Resilient Foreign Affairs The deck: “Predicting the Collapse of His Regime Is Wishful Thinking.”
The Value of Trust in World Politics Valdai Discussion Club