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...Category Archives: Taxes
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 […]
Read more...Investors Not Reassured by Apollo Trying to ‘Splain Leon Black’s $188 Million in Payments to Serial Child Rapist Jeffrey Epstein
Apollo is not having much success with its claim that a $188 million paid by Leon Black to Jeffrey Epstein in fees and loans was bona fide.
Read more...Why Apollo’s Palace Coup Against Leon Black and Further Disclosures on Jeffrey Epstein Are Not Reassuring
The few details that Apollo offered about Leon Black’s relationship to serial child rapist Jeffrey Epstein only make things look worse.
Read more...What Can Sanders Do as Budget Chair? – Rob Johnson
Sanders is about to have considerable influence on spending priorities. Where and how does he have leverage?
Read more...Do Billionaires Destroy Democracy and Capitalism?
The US can draw on its Gilded Age to bring its billionaires to heel.
Read more...Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...The IRS Moves to Crack Down on Cryptocurrency Tax Evaders
The IRS is officially in “No more Mr. Nice Guy” mode with respect to cryptocurrency enforcement.
Read more...Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Read more...New York City Faces Another “Drop Dead”: How Many Other Cities Will Wind Up in Distress?
We are at best only at the end of the beginning of big cities’ Covid-19 pain. What comes next?
Read more...Call for ‘Emergency Charity Stimulus’ as Billionaire Wealth Soars and US Nonprofits Sink
Charity reform would help deploy more funds to address more Covid-19 needs, but the real remedy lies in much bolder government spending.
Read more...We Won’t Have a Truly Global Economy Until We Tax It That Way
Tax is an enormously powerful tool for shaping economic policy and thus bears close watching.
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