Private Inequity: NYT Examines How the Private Equity Industry Avoids Taxes
Comprehensive NYT story examines how the private equity industry games the tax system, while the hapless IRS stands on the sidelines.
Read more...Category Archives: Taxes
G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations
One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”
Read more...Why Biden’s Carbon Pricing and Electric Vehicle Plans Won’t Avert Climate Crisis
Unfortunately, central Biden Administration climate change policies, like carbon taxes/pricing, fall well short of the level of action needed
Read more...UK Company Law and Tax Enforcement Is So Bad It’s Almost as if the Government Wanted to Encourage Tax Abuse
UK tax scamming goes mass, abusing the contact and trace program to the tune of hundreds of millions of pounds.
Read more...Private Equity and Hedge Fund Barons Having a Hissy Over Carried Interest Grift Because Biden Isn’t Staying Bought
The end of the carried interest loophole has been long in coming. Will the sell-by date finally arrive?
Read more...From an Un-Caring Economy to a Caring Economy: The Tax Justice Network Podcast, April 2021
“Caring economy” sounds awfully soft and fuzzy. However, it may finally be time to reject utlitarian views of how we organize our resources.
Read more...Experts Lay Out Their Case Against Carbon Pricing
Climate change policy advocates have turned against market approcaches like carbon offsets, which have clearly failed. But what next?
Read more...Only Multilateral Cooperation Can Stop Harmful Tax Competition
International tax reform, to check multinational tax avoidance, has made perilously little progress. Will Yellen’s backing make a difference?
Read more...Bitcoin, Easter Island-ism, and the Cowardice of Green New Dealers
A pox on hypocritical environmentalists who are nowhere to be found in demanding a stop to pointless, energy profligate Bitcoin.
Read more...Why Can’t the IRS Just Send Americans a Refund – or a Bill?
Believe it or not, it’s not the fault of the IRS that tax return prep is such a hassle.
Read more...Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies
The US and UK are making life a bit harder for tax cheats.
Read more...Facebook and Google vs the Free Press
The effort to contain Google and Facebook were only in the skirmish stage until Australia and Maryland upped the ante with their tax powers.
Read more...“Almost Cartoonish Defender of the 1%, Kathryn Wylde” Rears Her Head to Attack Plans to Tax the Rich to Save New York City
The usual suspects, like Kathryn Wylde, try to defend why the top wealthy, who’ve made out like bandits under Covid, should not be made to share.
Read more...‘Beyond Outrageous’: Big Pharma Using Loophole to Get Taxpayers to Fund Billions in Fines for Fueling Opioid Crisis
Big Pharma firms may try and take a tax deduction for some of the $26 billion opioid settlement, thus reducing its payout.
Read more...Criminal Tax Cheat Robert Smith of Private Equity Firm Vista Gets a Pass for Conduct Worse Than Apollo’s Leon Black, Now in Epstein Doghouse
Neil Weinberg and David Voreacos published an in-depth account at Bloomberg of how private equity baron Roger Smith escaped being indicted for criminal tax fraud despite having concealed over $200 million in income. The very short version is that Smith and his allies got to Attorney General William Barr, both through Barr’s former firm Kirkland […]
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