Search Results for “https:” – Page 1071

Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion

“Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show. By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011. Governments in France, the U.K., Italy and Australia are probing Google’s tax avoidance as they seek to boost revenue during economic doldrums.” Continue reading →

Canada to privatize its medical marijuana industry, ban personal growing

“Canada’s Conservative government will soon stop producing and distributing medical marijuana, leaving it up to the private sector in a policy change that angered critics on Monday. Health Minister Leona Aglukkaq said Ottawa would no longer produce and distribute marijuana for medical purposes. Instead, companies will be licenced to grow and sell the product at market rates. Patients with a prescription from a doctor starting in March 2013 will be allowed to purchase a variety of strains of marijuana from licensed producers, who will set prices. Also individuals will no longer be permitted to grow marijuana in their homes for their own personal use.” Continue reading →

Russia to vote on banning U.S. adoptions

“The Russian parliament will vote this week on a bill banning adoption of Russian children by Americans, in retaliation to the Magnitsky Act passed by the United States last week, lawmakers said Monday. Ahead of the key second reading scheduled for Wednesday, lawmakers added to the text of the bill new clauses banning adoptions of Russian children by US nationals, according to opposition lawmaker Dmitry Gudkov, who posted a copy of the amended bill online. The amended bill would also order the closure of US adoption agencies in Russia.” Continue reading →

Mexico to create new national police force to fight drug cartels

“Mexican President Enrique Pena Nieto announced the creation of a national police force to crack down on crime and battle the country’s powerful drug cartels. The force — a gendarmerie based on the model of Spain’s Guardia Civil — would be 10,000 strong. Currently Mexico has a patchwork of city and state police, along with some national police. Pena Nieto also said he was allocating $8.8 billion for social programs aimed at preventing crime. Pena Nieto, 46, is a member of the Institutional Revolutionary Party (PRI), the party that ran Mexico for 71 years ending in 2000.” Continue reading →

Police: Arrests possible for spreading false info on Facebook after shootings

“Authorities investigating the deadly US school shooting warned Sunday of misinformation circulating on social media about the massacre. Those spreading such fake details could be subject to arrest, Lieutenant Paul Vance of Connecticut State Police told reporters in the wake of Friday’s attack on the Sandy Hook Elementary School that killed 26 people — including 20 children between the ages of six and seven. ‘All information relative to this case is coming from these microphones and any information coming from other sources cannot be confirmed and, in many cases, it has been found as inaccurate,’ Vance said.” Continue reading →

Armed SWAT Teams To Patrol Streets In Arkansas City

“Paragould, Arkansas Mayor Mike Gaskill and Police Chief Todd Stovall announced at a December 14 Town Hall meeting that beginning in 2013 the streets of their city were going to be patrolled by police officers bearing SWAT gear and AR-15s. ‘If you’re out walking, we’re going to stop you, ask why you’re out walking, and check for your ID. [..] Will there be people who buck us? There may be. But we have a right to be doing what we’re doing. We have a zero-tolerance. We are prepared to throw your hind-end in jail, OK? We’re not going to take a lot of flack.'” Continue reading →

Cops to Congress: We need logs of Americans’ text messages

“AT&T, Verizon Wireless, Sprint, and other wireless providers would be required to record and store information about Americans’ private text messages for at least two years, according to a proposal that police have submitted to the U.S. Congress. CNET has learned a constellation of law enforcement groups has asked the U.S. Senate to require that wireless companies retain that information, warning that the lack of a current federal requirement ‘can hinder law enforcement investigations.'” Continue reading →

Political Risk – The “Kill Switch” On Your Bank Account

“If you do anything the authorities don’t like – whether it’s speaking out against corruption, not filing your taxes correctly, having a Ron Paul bumper sticker, peacefully ingesting a non-approved substance, or just generally not being an obedient serf – you could find out the hard way that most governments are all too eager to exercise the “kill switch” that they hold over the assets within their reach. You could find your business or bank account shut down with the flip of a switch. In order to minimize your political risk and maximize your freedom, it is best to have your savings in one country, your citizenship in another, and your physical self in a third country.” Continue reading →