Ben Swann Reality Check on Piers Morgan vs. Alex Jones
http://www.economicpolicyjournal.com/2013/01/must-view-ben-swann-reality-check-on.html
THIS is why we oppose gun registration, libs and Democrats can’t be trusted with our information
Another leftist schmuck steps on his journalistic rake
America’s Platinum Express
"Even if you are Scott Sumner himself, you should be very alarmed when you’ve now got arguably the most prominent economist on Earth arguing that the government should start paying its bills with coupons that are then monetized by the Fed. That is just the barest step removed from having the Fed literally create new money to cover the government’s spending. Forget the macroeconomics for a second. Surely there is the faintest hint of Public Choice economics buried in the souls of the market monetarists. Can we all agree that Krugman’s flippant remarks above are downright alarming?" Continue reading →
UK government publishes 30 tax cheats’ photos on Flickr
"Over 30 of the UK’s top tax cheats are being publicised on Flickr as part of HMRC’s current tax evasion campaign. Exchequer secretary to the Treasury David Gauke said, 'The government is committed to closing in on tax evaders. Collectively the 32 criminals have been sentenced to more than 150 years. Most people play by the rules and pay what they owe, but HMRC is cracking down on those who don’t. We hope that publishing these pictures will help get across that it always makes sense to declare all your income, and tax dodgers are simply storing up trouble for the future.'" Continue reading →
Tunisia: financial offshore centre
"The desire to continue the $3 billion Bahraini project in Tunisia has been renewed by the Bahrain investment bank Gulf Finance House (GFH). The project will be Tunisia’s first financial offshore centre and construction is poised to begin this month with bids already issued. The billion dollar project is set to have four business clusters including investment banking and advisory centre, a corporate centre, a Takaful/insurance hub and the region’s first international financial exchange. There will also be a variety of residential and leisure facilities including a marina, a residential complex and an 18-hole championship golf course." Continue reading →
Expats in Spain warned to declare offshore assets
"Advisers with expatriate clients who are tax-resident in Spain say they are urgently reaching out to their clients to warn them that they must begin reporting to the Spanish tax authorities about any overseas assets they hold worth more than €50,000, following a recent change in the country’s tax regime. The new rules took effect yesterday, with Spanish residents with offshore holdings being expected to provide their first accounting of their non-Spanish assets between that date and 31 March 2013." Continue reading →
French budget minister under probe for tax fraud
"French Budget Minister Jerome Cahuzac is under investigation for tax fraud after a media report that he had an undeclared UBS account in Geneva which he then moved to Asia, prosecutors said Tuesday. Cahuzac, who is in charge of battling tax evasion, has denied the report by the respected Mediapart investigative website that he had an undeclared Swiss account which he then transferred to Singapore." Continue reading →
‘We can no longer afford to be American citizens’
"Well, you could always move to Canada, right? Think again. The Foreign Account Tax Compliance Act (FATCA) comes more fully into effect this year, and as The Globe and Mail's Barrie McKenna explains, 'FATCA will force the hand of many Americans in Canada, making them choose between compliance or giving up their U.S. citizenship.' Here's why." Continue reading →
France’s Socialists Generate A New Class Of Tax Exiles
"The message could not be clearer: The number of requests by French citizens to leave France are suddenly up by 400 to 500 percent. As far as my tax law business is concerned, we used to have three to five such cases a year, and we are already facing more than 20 this year. We are witnessing an explosive rise in tax exile since April 2012. Currently, however, we are seeing a lot of young entrepreneurs, not necessarily wealthy, but who would like to get wealthy and will not hand over their wealth to the government. The hopeful tax exiles are therefore getting younger: today they are aged between 35 and 50, and not between 55 and 70, as was seen before." Continue reading →
France’s Financial Transaction Tax Experiment Is Turning Into The Worst Kind Of Failure
"Investors who own French shares are selling them and taking positions on them through derivatives instruments such as contracts for difference, structured products and ETFs, according to a Paris-based lawyer. 'Most structured transactions remain outside the tax,' he says. 'It is due only if you have actually purchased the shares.' In other words, instead of curbing excessive speculation, the tax is simply forcing those speculative activities into darker, less-regulated corners of the market." Continue reading →