#panamapapers Offshore Funds: On the Run With (Almost) Nowhere to Go?
The owners of offshore funds really might be seeing their comeuppance.
Read more...Category Archives: Taxes
Gillian Tett Shows She Does Not Understand Offshore “Profits,” Parrots Corporate Propaganda Instead
Repeat after me: Apple and Big Pharma companies are not keeping cash offshore as a result of tax rules, but they are successfully misleading the press and politicians.
Read more...Treasury Implements New Rules Aimed at Inversions, Other Tax Strategies, Scuttling Pfizer-Allergan Deal and Evoking Howls from Pharma
Mirabile dictu! Treasury took surprisingly bold action to stymie corporate inversions and some other types of multi-national tax gaming. What gives?
Read more...Thomas Frank: How Democrats Created Liberalism of the Rich
Make no mistake; the Democrats engineered the Third Way faux liberalism that sold out the working classes to benefit the rich and their minions.
Read more...Private Equity Kingpins Whine as Stock Market Values Languish
What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...How McKinsey Helped Turn Big Pharma into a Rent Extraction Business
How McKinsey contributed to the devolution of Big Pharma.
Read more...Bill Black Speaks to TaxCast About the Political Coalition Against Financial Regulation
This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.
Read more...Robert Reich: 5 Reasons Why Trump’s and Cruz’s Tax Plans are Huge Giveaways to the Rich
Trump’s tax plan reveals that his economic populism is three-card Monte.
Read more...How Much International Tax Evasion is There?
More experts are working up estimates of the magnitude of cross-border tax evasion, and the amounts involved are considerable.
Read more...Nicholas Shaxson: Why “National Competitiveness” is Like Ice Cream
Beware of accounting firms playing with numbers to push tax competitiveness, as in tax breaks.
Read more...HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016
Mossack Fonseca and its trail of street protests: they are in it up to their thighs, and HSBC’s Stuart Gulliver has “no idea”.
Read more...A Feisty Debate on Corporate Tax: Tax Justice Network vs. Tim Worstall
Tax avoidance by multinationals has put the issue of the implications of the low levels of tax paid by multinationals in the spotlight.
Read more...Clinton Announces When She Will Disclose Her Healthcare Insurance Improvement Plan: She’ll Announce It Just as Soon as the Republican Presidential Candidates Tell Us Theirs
Clinton offers no details on her healthcare insurance scheme while her allies attack Sanders plan, often with easily debunked arguments.
Read more...James Galbraith: The Friedman v. Romers Growth Debate on the Sanders Plan – A Summing Up
How the real point of contention between Friedman and the Romers over the Sanders plan has been misconstrued.
Read more...Offshore Ireland Implicated in Bank Collapse, Once Again
More on how Ireland’s banks walked on the wild side, to the detriment of its citizens.
Read more...