Sunak’s spending review is austerity-light (26 Nov 2020)
France demands digital tax payments from US tech groups (26 Nov 2020)
HM Treasury: Policy costings: November 2020 (25 Nov 2020)
- Office for Budget Responsibility: Economic and fiscal outlook, November 2020 (25 Nov 2020)
- Spending Review to fight virus, deliver promises and invest in UK’s recovery (25 Nov 2020)
- Preliminary estimate of the UK VAT gap (tax year 2019 to 2020) is £11.7bn(25 Nov 2020)
- Low-income countries lose the equivalent of 52% of their health budget to tax evasion per year (Tax Justice Network) (25 Nov 2020)
- Scottish wind farms owned in tax havens (23 Nov 2020)
- $427bn lost to tax havens every year: landmark study reveals countries’ losses and worst offenders (20 Nov 2020)
- $427bn a year lost to tax abuse by firms and rich individuals (20 Nov 2020)
- Corporate Watch Report: Corporate Crime Gap - How the UK Lags the US in Policing Corporate Financial Crime (19 Nov 2020)
- Tax Havens: The UK leads (17 Nov 2020)
- Billionaire Chris Rokos Sues Two Firms (Deloitte and a US law firm) for $72 Million Over Tax Advice (17 Nov 2020)
- Shell gets UK tax refund, but pays over $1billion in nearby Norway (17 Nov 2020)
- Shell country-by- country reporting: 2018 tax data (17 Nov 2020)
- UK/HMRC targets big business in latest move on tax avoidance (16 Nov 2020)
- Rishi Sunak eyes 'pay-by-the-mile' road pricing scheme ahead of £40bn tax threat from electric vehicle drive (16 Nov 2020)
- If Rishi Sunak changes capital gains tax, landlords will change the way they do business (15 Nov 2020)
A new permanent national Surge Reserve public service workforce is to be created to respond to emergencies, after key service agencies experienced an explosion in demand responding to the summer fires and the COVID-19 pandemic.
According to the new 2019-20 State of the Service report, Services Australia processed 1.3 million JobSeeker claims over a 55-day period, a claim volume normally processed in 2½ years. Calls to the Australian Taxation Office also increased by 106 per cent in April compared to the same time last year.
Service Australia and the ATO scrambled to beef up staffing, with the ATO using its contract staff normally used to manage the peak of tax returns in July.
Washington Post, NRA Reports Alleged Misspending by Current and Former Executives to IRS:
After years of denying allegations of lax financial oversight, the National Rifle Association has made a stunning declaration in a new tax filing: Current and former executives used the nonprofit group’s money for personal benefit and enrichment.
The NRA said in the filing that it continues to review the alleged abuse of funds, as the tax-exempt organization curtails services and runs up multimillion-dollar legal bills. The assertion of impropriety comes four months after the attorney general of New York state filed a lawsuit accusing NRA chief executive Wayne LaPierre and other top executives of using NRA funds for decades to provide inflated salaries and expense accounts.
Money made people happier but psychotherapy did not
Carrying costs exceed liquidity premium: Lion cheaper than a pedigree kitten in Japan. The lion might cost less than $1000
Arnold Kling isn’t sure how effective the new vaccines will be, more here. I am myself very optimistic, but happy to pass along other points of view
Noah’s new Sub stack
S–t Public Defenders See: Innocent, But Fined Matt Taibbi
Deplorables, or Expendables? American Conservative
The Rich Kids Who Want to Tear Down Capitalism New York Times
Over 100 Academics Endorse Sanders’s Student Debt Cancellation Plan American Prospect
Forgive Us Our Debts New York Times