Have US police forces become too militarised?
"From assault rifles to armoured trucks, even drones. Since the 9/11 attacks the US police have becoming increasingly militarised. But does that mean more safety for Americans?" Continue reading →
Demand A Real Plan
"Sick and tired of watching celebrities who protect themselves with armed guards, calling for the government to outlaw your guns?" 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 →
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 →
‘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 →
U.S. Inflation Since 1775 And How It Took Off In 1933
"Yesterday at the American Economic Association's 2013 Annual Meeting, Carmen Reinhart and Ken Rogoff offered a paper titled Shifting Mandates: The Federal Reserve’s First Centennial. The paper included a cool chart of inflation since 1775. The authors argue that inflation didn't take off until the U.S. went off the gold standard in 1933." Continue reading →
‘Oregon Trial’
"The state of Oregon is considering an 'alternative tax for drivers who have bought efficient or electric vehicles that seldom or never stop at the gasoline pump, where government has traditionally collected money to build and fix roads. In its upcoming session, the Oregon Legislature is expected to consider a bill to require drivers with a vehicle getting at least 55 miles per gallon of gasoline or its equivalent to pay a per-mile tax after 2015.'" Continue reading →
FTC Settles Google Antitrust Investigation
"After a high-profile 20-month investigation, the federal government announced today its dropping an 'exhaustive' antitrust probe into Google, the world's largest search engine. Google escaped the investigation without paying a fine, but it will voluntarily change some of its practices to be more open to competitors, the FTC said. The FTC's investigation focused on two main allegations from rival companies: first, that Google favored its own Internet search results while burying links to competing sites; and second, that the company stifled competition by not allowing access to its mobile device patents." Continue reading →
U.S. fines Transocean $1.4 billion over Gulf oil spill disaster
"The United States hit drilling rig operator Transocean with $1.4 billion in criminal and civil fines Thursday for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico. Nearly two months after oil giant BP was fined $4.5 billion for its leading role in the disaster, Transocean agreed to plead guilty to violating the Clean Water Act and pay the fines, the Justice Department said. The firm was ordered to pay $400 million to resolve criminal charges and another $1 billion in civil penalties, partly to fund spill prevention and environmental restoration in the five states hit by the three-month-long spill." Continue reading →
Greek debt crisis ‘far from over’
"After five straight years of recession, the eurozone's weakest link moves into 2013 with an economy set to further contract, unemployment at a record 26%, one in three living on or below the poverty line, and the worst of austerity yet to come. In the runup to Christmas, even the Greek finance minister, Yannis Stournaras, felt fit to admit that despite being the recipient of €240bn in EU and IMF rescue funds – the biggest bailout in global history – Greece could still default on its massive pile of debt, a move that would result automatically in exit from the 17-nation bloc." Continue reading →
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