From Fires 🔥 to floods - Chaos and Havoc: Sydney weather
Donald Trump insider Chris Collins invested millions into an Australian drug company. Then it all came crashing down
In partnership with
, we’ve busted another illegal tobacco operation near #Goulburn NSW, valued at more than $13m excise. Read more @ ato.gov.au/Media-centre/M #TaxCrime
3:28 PM · Feb 7, 2020Twitter Web App
ATO destroys $50 million worth of tobacco destined for black market
The tax office says it has shut down an illicit tobacco operation in New South Wales for the second time in as many weeks.
Residents of an apartment building in southern India were left in shock after a mix of beer, brandy and rum started gushing out of their taps. The smelly, brown liquid began flowing from kitchen taps in the block of flats, in Kerala, on Monday morning. Bemused residents then contacted the authorities for help, and discovered their water well had been contaminated by officials - albeit accidentally.
It emerged 6,000 litres of confiscated alcohol had been buried nearby.
... the Copseys were much more than just a pair of fortunate foodies desperate for the Heston experience. Roger was a senior accountant and expert in “international tax structures” and this couple were legal owners of an obscure corporate entity in low-tax Ireland called Bacon and Egg Ice Cream Limited.
The nice couple from Dublin at Heston's restaurant were not quite what they seemed
The nice couple from Dublin at Heston's restaurant were not quite what they seemed
OLD AND BUSTED: Florida Man. High Latitude Executives prefer Byron Bay poisons ;-)
The New Hotness? Florida Teacher! Florida teacher tried to get ‘8 ball’ of meth delivered at school: cops.
Follow Up on the Biggest Tax Heist Ever
I still don’t know the details of the precise scheme but have read in cases I cite at the end of this blog that it operated by having entities (retirement and pension plans) purportedly owning Danish stock on which Danish tax was withheld make claims for refund of the withheld tax under certain double tax treaties.
AND DESERVEDLY SO: Chinese Communist Party Faces Recriminations Over Virus
More (or less) economic limits of the blockchain
Joshua Gans, Neil Gandal 06 February 2020
Cryptocurrencies such as Bitcoin rely on a ‘proof of work’ scheme to allow nodes in the network to ‘agree’ to append a block of transactions to the blockchain, but this scheme requires real resources (a cost) from the node. This column examines an alternative consensus mechanism in the form of proof-of-stake protocols. It finds that an economically sustainable network will involve the same cost, regardless of whether it is proof of work or proof of stake. It also suggests that permissioned networks will not be able to economise on costs relative to permissionless networks.
Some Thoughts On the Business Roundtable’s Statement of Corporate Purpose RealClearMarkets.
Google Releases a Tool To Spot Faked and Doctored Images MIT Technology Review. Let the arms race begin!
Welfare Surveillance System Violates Human Rights, Dutch Court Rules Guardian
Revolt, Populism, and Reaction Mercatus Center. Resilc: “Gurri is the best CIA analyst ever.”
- A new tax deal for the EU (7 Feb 2020)
- EU Greens, socialists back meat tax to cover environmental costs of livestock (7 Feb 2020)
- Number of UK workers living in poverty rises for third straight year (7 Feb 2020)
- 'I was chasing my tail': one woman's battle with in-work poverty (7 Feb 2020)
- Four million UK children living in poverty as numbers rise (7 Feb 2020)
- Lords to probe shake-up of IR35 rules (6 Feb 2020)
- Portugal raises tax on bullfighting tickets (6 Feb 2020)
- Many EU States Tardy In Adopting Anti-Tax Avoidance Directives (6Feb 2020)
- The insolvency regulator is in bed with the industry (5 Feb 2020)
- 'Scrap tax relief on pensions', says Britain's biggest stockbroker (5 Feb 2020)
- EY hit with €95m claim over tax scandal advice (5 Feb 2020)
- Hike UK corporation tax by £6bn to save high street, bosses urge (5 Feb 2020)
- MP says Netflix is taking Britain for a ride on tax: Call for digital tax (5 Feb 2020)
- Where Does Multinational Investment Go with Territorial Taxation? Evidence from the United Kingdom (5 Feb 2020)
- Deutsche Bank had Trump's tax returns going back to 2011 (5 Feb 2020)
- Seychelles invites France to examine tax haven blacklist issue (5 Feb 2020)
- Trade-based money laundering a growing risk (5 Feb 2010)
- Swiss Bust Crypto Money Launder Scam (5 Feb 2020)
- EY boss defends treatment of whistleblower after he accused dubai client (5 Feb 2020)
- Goldman Sachs partner barred from banking industry by US regulators over 1MDB (5 Feb 2020)
- High number of offshore companies in real estate sector (5 Feb 2020)
- Jersey scraps 'only husbands talk tax' rule (4 Feb 2020)
- Wales tax rises considered to pay for growing care costs (4 Feb 2020)
- Amazon finally owes US federal income taxes this year (4 Feb 2020)
- EU urged to adopt meat tax to tackle climate emergency (4 Feb 2020)
- MPs call for inheritance tax to be cut to 10% (4 Feb 2020)
- APPG Report: Reform of inheritance tax (4 Feb 2020)
- Netflix UK revenues hit £1bn, but when will the company start paying tax (4 Feb 2020)