Wednesday, October 04, 2017

Jevtovic: the cop behind the CBA sting

Canadian banks and audit firm sued over Taib Mahmud money-laundering

The New Establishment Vanity Fair. Five Horsemen right up there?

For police tracking the cybercrime horse race, it’s clear that ransomware is pulling away. While security incidents of all types continue at breakneck pace, a new report from the European Union’s law enforcement organization Europol pointed to ransomware as one of the easiest, most effective and common threats seen across the world.

Cyber Scoop
Cybersecurity is the top priority for the office charged with regulating and supervising all banks in the U.S., according to the newly released bank supervision operating plan for 2018 from the Treasury Department’s Office of the Comptroller of the Currency. The declaration comes amid an environment where attackers are multiplying and the threat surface is rapidly expanding. Experts expect the reaction from banks to be greater focus and spending on cybersecurity. “Cyber threats are increasing in speed and sophistication...”

When politicians mix with Mafia.
By the time eyebrows are raised about questionable meetings between politicians and alleged organised crime bosses, the crooks probably already have their hooks into the public sector, says an Italian Mafia expert.

Exclusive: N.Y. regulator subpoenas Equifax over massive breach

Worst kept secret: CBA banker to head ASIC

Jevtovic: the cop behind the CBA sting

BCA investigation: power of the business lobby in Australia

Foreigner workers, ABNs and the deregulation of labour market by stealth

Researcher: ISIS hackers not 'as capable as most cybercriminal groups'

CRS report via FAS – Corporate Tax Reform: Issues for Congress, Jane G. Gravelle, Senior Specialist in Economic Policy. September 22, 2017.
“Interest in corporate tax reform that lowers the rate and broadens the base has developed in the past several years. Some discussions by economists in opinion pieces have suggested there is an urgent need to lower the corporate tax rate, but not necessarily to broaden the tax base, an approach that presents some difficulties given current budget pressures.Others see the corporate tax as a potential source of revenue.Arguments for lowering the corporate tax rate include the traditional concerns about economic distortions arising from the corporate tax and newer concerns arising from the increasingly global nature of the economy. Some claims have been made that lowering the corporate tax rate would raise revenue because of the behavioral responses, an effect that is linked to an open economy. Although the corporate tax has generally been viewed as contributing to a more progressive tax system because the burden falls on capital income and thus on higher-income individuals, claims have also been made that the burden falls not on owners of capital, but on labor income — an effect also linked to an open economy. The analysis in this report suggests that many of the concerns expressed about the corporate tax are not supported by empirical evidence. Claims that behavioral responses could cause revenues to rise if rates were cut do not hold up on either a theoretical or an empirical basis. Studies that purport to show a revenue-maximizing corporate tax rate of 30% (a rate lower than the current statutory tax rate) contain econometric errors that lead to biased and inconsistent results; when those problems are corrected the results disappear. Cross-country studies to provide direct evidence showing that the burden of the corporate tax actually falls on labor yield unreasonable results and prove to suffer from econometric flaws that also lead to a disappearance of the results when corrected, in those cases where data were obtained and the results replicated. Many studies that have been cited are not relevant to the United States because they reflect wage bargaining approaches and unions have virtually disappeared from the private sector in the United States. Overall, the evidence suggests that the tax is largely borne by capital. Similarly, claims that high U.S. tax rates will create problems for the United States in a global economy suffer from a misrepresentation of the U.S. tax rate compared with other countries and are less important when capital is imperfectly mobile, as it appears to be…”

Commentator Dinesh D’Souza is a liar and openly racist. That makes him the perfect propagandist for Trump’s America.