More than 100 of Britain’s richest people have been caught hiding billions of pounds in secretive offshore havens, sparking an unprecedented global tax evasion investigation.
George Osborne, the chancellor, warned the alleged tax evaders, and a further 200 accountants and advisers accused of helping them cheat the taxman: “The message is simple: if you evade tax, we’re coming after you.”
HM Revenue & Customs warned those involved, who were named in offshore [...]
REPORT: Russian Banks Have $40 Billion At Risk In Cyprus
The “Wealth Tax” Contagion Is Rapidly Spreading: Switzerland, Cyprus And Now
It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of unprecedented DOJ pressure the local banks will soon breach all client confidentiality and expose all US [...]
… The extension of the tax incentive allows for all film productions, including each individual episode of a television series, to a deduction of between $15 million and $20 million depending on the location of the production, reported Breitbart…
there is another story here about tax breaks for dems biggest supporters:
“Obama’s Tax Evaders of the Year”
Greek politicians fail their people. Nobody has the balls to go after the rich tax evaders, so they come up with lame excuses like, we lost the memory stick with the documents and their names. lol.
Can a memory stick bring down a political order? That is the question in Greece, where a tragicomic debate over what became of a list of nearly 2,000 Greeks with Swiss bank accounts is rapidly [...]
Brit Dee, Contributor
HM Revenue and Customs, the UK government’s tax and customs department, has been accused of encouraging schoolkids to report tax evaders in their local area.
The allegation relates to a document available on the HMRC website, used as a ‘Citizenship’ module in schools to teach kids why they should become responsible taxpayers.
Page 2 of the Key Stage 4 lesson plan, designed for use by 14 to 16 year olds, involves a [...]
By Quentin Fottrell
Those who order “Fifty Shades of Grey” in paperback generally pay sales tax, but in most of the country the e-book version is tax free. That may soon change.
Republican governors are gradually easing their longtime opposition to sales taxes on online purchases, The Wall Street Journal reported Monday. This will push up the price for the wide variety of tangible goods sold on sites like Amazon.com. (Amazon did not respond [...]
The latest round of threats about a Greek exit from the eurozone garnered attention in the Athens press, with one daily reporting that German Chancellor Angela Merkel may want to mete out exemplary punishment to Greece so as to dissuade other country’s from breaking the rules. The initial report was published in the Italian daily Il Messaggero.
The mounting pressure on Merkel to take decisive action to manage the European debt [...]
As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money.
Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.
Officials, scrambling for solutions, have considered dipping into funds that are supposed to be for Greece’s [...]
From Zero Hedge:
What is it about IMF heads and inserting foot or some other appendage in mouth, or some other orifice?
The Forelash (sic): It’s payback time: don’t expect sympathy – Lagarde to Greeks
Using some of the bluntest language of the two-and-a-half-year debt crisis, she says Greek parents have to take responsibility if their children are being affected by spending cuts. “Parents have to pay their tax,” she says.
Lagarde, predicting that [...]
IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary
May 29, 2012
Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged.
As an official of an international institution, her salary of $467,940 (£298,675) a year plus $83,760 additional allowance [...]
Intro: After the elections the country is in even deeper chaos, ungovernable. The greek young lady: The politicians have decieved people for many years and we are in deep trouble. The man: In a fallen state, there is a lot of corruption (EU paper:) and criminal energy. Next man: With the correct numbers, Greece would not have been admitted to the Euro. The Greek Politician: Frau Merkel – the austerity [...]
The Pain in Spain is too Big to be Contained
Courtesy of Phil of Phil’s Stock World
Not the Economy (yet) but how I feel so far in my weekend reading. Even John Mauldin, who went against his wishes to ignore Spain this week, now echos my thoughts on the subject in an excellent overview of the situation. Russ Winter has a similar view in “Bernanke and Germany Wake up to a Merda Storm,” [...]
Now that the time has come to expect Greek March economic data, which will show an acceleration in the total financial collapse of a society which is merely used as an intermediary to bail out insolvent European banks, something that virtually everyone takes for granted, together with a third bailout package sometime in the late summer, we can focus on the more entertaining developments out of the country that has [...]
I found an article about the German reform from Reichsmark to D-mark.
So now came the D-mark. But what happened with saved assets, mortgage loans, other debts or assets? Immediately an escape into asset values set in when the first rumours of a future currency reform began to reach population in April 1948. But since no one knew much about it the reaction remained rather restrained. Only when the D-mark was [...]
China’s December lending and money supply growth exceeded economists’ estimates, reports Bloomberg, with new loans totalling 640.5bn yuan ($101bn) for the month. M2 rose 13.6 per cent, comparedhttp://ftalphaville.ft.com/thecut/2012/01/09/822301/chinas-december-mone…
Mario Monti has defended a tough crackdown on tax evaders in luxury ski and coastal resorts, rejecting angry reactions from leading members of Silvio Berlusconi’s centre-right party whose support in parliament is vital for Italy’s new government of technocrats,http://ftalphaville.ft.com/thecut/2012/01/09/822291/monti-defends-tax-cr…
David Cameron has left open [...]
(As someone who uses cash for virtually every financial transaction, I find the premise of this article somewhat worrisome. About two years ago, I first began to realize that a Cashless Society is likely inevitable when I heard a bevy of terrorism “experts” proclaiming that when the “Underwear Bomber” paid for his airline ticket with cash, it should have been “a big red flag!” Paying cash is terrorist behavior?? Geez [...]
Q: Have you heard about McDonaldÃ¢â‚¬â„¢sÃ¢â‚¬â„¢ new Obama Value Meal?
A: Order anything you like and the guy behind you has to pay for it.
Ã¢â‚¬â€œ Conan OÃ¢â‚¬â„¢Brien
The liberals are asking us to give Obama time.
We agree and think 25 to life would be appropriate.
Ã¢â‚¬â€œ Jay Leno
America needs Obama-care like Nancy Pelosi needs a Halloween mask.
Ã¢â‚¬â€œ Jay Leno
Q: What does Barack Obama call lunch with a convicted felon?
A: A fund raiser.
Ã¢â‚¬â€œ Jay [...]