Tuesday, September 17, 2019

IMF: The Rise Of Phantom Foreign Direct Investments And The Fall Of Global Tax Enforcement

Could your Instagram profile get you audited by the ATO?

myGC.com.au‎ 
In the ominous words of Karen Foat from the ATO, the tax office is “always watching”.

MakeUseof.com: “How often do you get an email that makes you wonder, “I wonder why they sent this to me? What am I supposed to do with it?” As an adult, it’s an essential skill to know how to write professional emails that save time and get replies. Even though you send several emails every day, you might not be great at composing these messages. And like with any form of communication, email etiquette evolves as time passes. You can learn some of these data-backed ways to write professional emails, or use these apps and websites for easy templates and rules…”


Freeports: PM Johnson’s “free self storage” for the rich and powerfulRead Article 


Huang Xiangmo's assets frozen as Tax Office pursues him for $140 ...


Exiled billionaire Huang Xiangmo, a central figure in the NSW corruption watchdog's investigation into Labor Party donations, has had his Australian assets frozen as the Tax Office pursues him for $140 million.
The ATO sought urgent orders in the Federal Court in Sydney on Monday to freeze the local assets of Mr Huang and his wife Jiefang as it seeks to claw back millions in allegedly unpaid tax and penalties.
The Sydney Morning Herald‎ 

The Sydney Morning Herald

According to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China. Luxembourg’s $4 trillion in FDI comes out to $6.6 million a person. FDI of this size hardly reflects brick-and-mortar investments in the minuscule Luxembourg economy. So is something amiss with official statistics or is something else at play?

Russia’s appointed billionaires Le Monde Diplomatique