President Biden’s big plans for America rest in part on his plans to pay for them by raising taxes on the rich. He wants the top marginal rate restored to 39.6%. He wants households making more than $1 million a year to pay the same rates on capital gains as regular people pay on income […]
The post Nobody Dodges Taxes Like the Super-Rich first appeared on Dissident Voice.
Some of the world’s wealthiest and most powerful people will be waking up on Monday to discover that some of their best-kept secrets—how they hide their vast wealth and avoid paying taxes—are now being read about in newspapers across the world after the release of a trove of offshore legal and banking documents were leaked to journalists and published Sunday as a joint project called the ‘Paradise Papers
How can you miss what never leaves town?by Gaius PubliusComing out of the season of merry and bright we'll be coming into the full blast of news about "what Trump will do." One thing he's going to do is drastically lower taxes on the wealthy and on corporations. Another thing he'll do is declare a "tax holiday" on corporate profit that's (so-called) "held overseas", the (so-called) "unrepatriated" pile of cash that extremely favorable U.S.
This article orginally appeared in TomDispatch. The latest Panama Papers May 9th disclosures underscore the broad and ongoing global connections between big banks and tax havens. A swath of politicians on both sides of the aisle remain enablers and users...
Establishing a globally agreed tax body under the auspices of the United Nations and putting an end to dubious tax avoidance activities would bolster government revenues and help finance the provision of essential public services, especially in the Global South.
If I hadn’t seen for myself that this article “exposing” Jeremy Corbyn was published on the Daily Telegraph’s website, I would have assumed it was a spoof from The Onion – an even more preposterous one than normal.
In a lengthy hit-piece, the Telegraph suggests that Corbyn is a hypocrite for criticising David Cameron over his efforts to conceal the financial benefits he received from his father’s tax-haven investments.
5/5 (11) So what's up with the Panama Papers? Joseph has some typically high octane speculations:
Putin Denounces "Panama Papers" As U.S. Plot To Destabilize Russia
Putin to Declassify Documents That Bear Some "Very Interesting Names"…
The post NEWS AND VIEWS FROM THE NEFARIUM APRIL 8 2016 appeared first on Giza Death Star.
The recent revelation resulting from the Panama Papers is nothing new. It just helps to highlight the sheer scale of criminality being perpetrated by those wealthy enough to benefit. What we are witnessing from a tiny island, nestled neatly between North and South America, is a glimpse of a global money laundering fest on a truly oceanic scale.
I bet everyone inside Fortress Hillary in Brooklyn breathed a sign of relief when the Panama Papers of money launderers and assorted financial criminals started leaking and didn't show any Clintons, Mezvinskys or any of the other shady characters they've surrounded themselves with. I'm told, though, there's plenty more to come.
Transparency International (TI) releases its latest report entitled the Corruption Perceptions Index and continues to find that corruption is rife globally and remains a blight around the world. Overall, two-thirds of the 168 countries on the 2015 index did not fare well.
Denmark took the top spot for the 2nd year running for least corrupt, with North Korea and Somalia the worst performers.
