Ireland’s tax authorities collected a record €6.3bn (£5.4bn) in corporation tax during November.
There had been concerns the country’s corporation tax windfall was waning after three consecutive months of weakening performance.
The Irish government is setting up a sovereign wealth fund with the windfall.
15 Year-Old 1L With 174 LSAT And CPA Plans To Be A Tax Lawyer And Tax Professor
How much global offshore tax evasion exists? It’s a difficult number to pin down.
One thing some parties can agree on — from academics to civil society — is that the OECD’s exchange of information frameworks, especially its automatic exchange of information (AEOI) standard, has reduced banking secrecy over the past several years. Recently, the EU Tax Observatory calculated that offshore tax evasion has decreased by a factor of nearly three in less than a decade because of AEOI. Now, only a quarter of offshore household wealth evades taxation, the report says.
The Overshadowed OECD Tax Project
Pictet ~ US president’s son Hunter Biden indicted on tax charges Grand jury …
REAL MONEY: Elon Musk’s SpaceX is now valued at $175 billion in the private market—that’s larger than any IPO valuation in history.“Musk is in talks to sell between $500 million and $750 million of SpaceX stock at a valuation of $175 billion or more, Bloomberg reported Wednesday, citing unnamed sources. The figures mean the private space giant, which still hasn’t announced plans to go public, is more highly valued than any initial public offering in U.S. history, topping Alibaba’s $169 billion IPO valuation from 2014.”
MARTIN HACKWORTH: The Road to Hell Is Paved with Entitlement.“When I was lecturing at the university, I encountered legions of students who were convinced that the college experience consisted of four or more years of minimal effort in required courses, collecting a diploma, and then entering the workforce with high compensation based solely on the acquisition of a degree that was often of dubious merit. The fact that one might be expected to actually know something or have developed a work ethic somewhere along the way wasn’t a consideration.”
IT IS UNWISE TO DISPLEASE COMRADE XI: Missing Chinese Foreign Minister Died by Suicide or Torture. “The report, based on interviews by Politico Europe with unnamed sources who have access to top Chinese officials, spotlights what Politico says was a campaign to dislodge allegedly disloyal officials by Chinese President Xi Jinping — one with echoes of the sweeping purges carried out by Soviet dictator Joseph Stalin.”
That’s old school.
WELL, THIS IS THE 21ST CENTURY, YOU KNOW: Researchers create 3D DNA nanorobots.
Almost 40% of People With Dementia Don’t Seem to Know They Have It
First, an arthritis drug that helps treat diabetes. Now this:
New study finds diabetes drug may reduce risk for colorectal cancer.
WELL, GOOD: Arthritis drug baricitinib may help patients with Type 1 diabetes
