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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
JDP
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10 days ago
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The cost of the financial meltdown: Deficits and spendingGovernments have been affected differently by the credit crunch. Public borrowing has been rising in all countries as the crisis has caused the economy to shrink, cutting tax revenues. But some countries, like the US and the UK, have been more severely affected as they already had large deficits ...
Giorgio Bertini
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2 months ago
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The G20 Summit in Pittsburgh: Should You Care? - The Baseline ScenarioOn Thursday evening and all day Friday, heads of government from countries belonging to the G20 will meet in Pittsburgh. On paper, this looks important – 90 percent of world economic output and 67 percent of world population will be at the table: the G7 (US, Canada, Japan, UK, Germany, France, ...
Giorgio Bertini
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2 months ago
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The IMF Should Move To Europe - The Baseline ScenarioEurope still insists on the right to nominate one of its own to be managing director of the IMF, which is an awful anachronism at this point. The New IMF could be based in London with a French boss, or in Paris with a British boss. The EU would have a powerful voice and the US would keep its ...
Giorgio Bertini
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2 months ago
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Switzerland, France ink tax deal - Yahoo! NewsSwitzerland said Thursday it signed a double taxation deal with France that would allow for data exchange aimed at clamping down on tax cheats. The agreement "contains a provision on the exchange of information in accordance with the OECD standard," said the Swiss finance ministry in a ...
JDP
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3 months ago
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The liquidity pipes remain cloggedIn the last six months, European and US central banks have poured dizzying sums into the money markets and politicians have put pressure on the banks to lend. Last week, for example, Alistair Darling, UK chancellor declared his readiness to “get tough” with banks that were failing to lend. On ...
Giorgio Bertini
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4 months ago
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100-million-payday-poses-problem-for-pay-czar.html: Personal Finance News from Yahoo! FinanceIn a few weeks, the Treasury Department's czar of executive pay will have to answer this $100 million question: Should Andrew J. Hall get his bonus? Mr. Hall, the 58-year-old head of Phibro, a small commodities trading firm in Westport, Conn., is due for a nine-figure payday, his cut of profits ...
JDP
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4 months ago
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The vultures that prey on the poorestGordon Brown has called them perverse and immoral. Collectively, they have won court judgments against developing countries worth more than £1bn. But, at last, it seems that many so-called vulture funds may have flown for the last time. Vulture hedge funds make their money from buying up poor ...
Giorgio Bertini
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4 months ago
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LETS Link UK - Local Exchange Trading SystemsLETS - Local Exchange Trading Systems or Schemes - are local community-based mutual aid networks in which people exchange all kinds of goods and services with one another, without the need for money.
Giorgio Bertini
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4 months ago
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Is There More Than One Path To Globalization?Back in the 1990s, it seemed to many that the Anglo-Saxon economic model was superior to all others — and destined to supplant them. Now even The Economist is admitting, reluctantly, that “a new European pecking order has emerged, with statist France on top, corporatist Germany in the middle ...
Giorgio Bertini
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5 months ago
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