Bandit Gang Writ Large

New UK wealth tax plan to target ALL assets – including jewelry and buy-to-let homes

"Families will be forced to pay tax on jewellery and other heirlooms under controversial new plans drawn up by the Liberal Democrats. Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures. Householders would be forced to pay a new ‘wealth’ levy on the assets – with the threat of fines for those who refused to let snoops value their possessions. A policy document seen by The Mail on Sunday spells out how the taxman ‘may have to visit homes to test values of jewellery, paintings, etc’." Continue reading →

Continue ReadingNew UK wealth tax plan to target ALL assets – including jewelry and buy-to-let homes

Renewing Your US Passport? BEWARE — – State Department Now Transmits Your SSN & Location to the IRS

"Traditionally, the functions of the US Treasury and the Department of State were completely separate. However, we are seeing a continued erosion of this distinction as troubling economic times continue. The US passport renewal form mandates that the applicant supply his Social Security Number (SSN) if he has one. A $500 penalty applies for failure of a passport applicant to provide the SSN, unless reasonable cause can be established. In addition, the statute mandates that the State Department must provide your SSN and foreign residence information to the Department of Treasury, and to notify the IRS if you refuse. So, you lose either way." Continue reading →

Continue ReadingRenewing Your US Passport? BEWARE — – State Department Now Transmits Your SSN & Location to the IRS

Renewing Your US Passport? BEWARE — – State Department Now Transmits Your SSN & Location to the IRS

"Traditionally, the functions of the US Treasury and the Department of State were completely separate. However, we are seeing a continued erosion of this distinction as troubling economic times continue. The US passport renewal form mandates that the applicant supply his Social Security Number (SSN) if he has one. A $500 penalty applies for failure of a passport applicant to provide the SSN, unless reasonable cause can be established. In addition, the statute mandates that the State Department must provide your SSN and foreign residence information to the Department of Treasury, and to notify the IRS if you refuse. So, you lose either way." Continue reading →

Continue ReadingRenewing Your US Passport? BEWARE — – State Department Now Transmits Your SSN & Location to the IRS

Americans: One Divorce You’ll Never Get

"Some people are worried about the future of the U.S. dollar and they believe that moving from the States is a way to distance themselves from its possible decline. Well, yes and no. While diversifying your asset holdings by currency is often a wise move, the truth is that if you're a U.S. citizen you'll never be able to walk away from the dollar completely -- even if you move overseas. Likewise if you're a Canadian or citizen of any other country -- it's hard to totally divorce yourself from your national currency. Here are two reasons why." Continue reading →

Continue ReadingAmericans: One Divorce You’ll Never Get

Americans: One Divorce You’ll Never Get

"Some people are worried about the future of the U.S. dollar and they believe that moving from the States is a way to distance themselves from its possible decline. Well, yes and no. While diversifying your asset holdings by currency is often a wise move, the truth is that if you're a U.S. citizen you'll never be able to walk away from the dollar completely -- even if you move overseas. Likewise if you're a Canadian or citizen of any other country -- it's hard to totally divorce yourself from your national currency. Here are two reasons why." Continue reading →

Continue ReadingAmericans: One Divorce You’ll Never Get

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Swiss government signs tax compliance deal with US

"Switzerland and the United States have signed a controversial deal aimed at cracking down on wealthy American tax dodgers. The accord further undermines Switzerland’s tradition of banking secrecy. Finance Minister Eveline Widmer-Schlumpf told a news conference that Switzerland had decided to agree to a bilateral deal with the Internal Revenue Service (IRS) which allows for certain exceptions, notably for the Swiss insurance sector, pension funds and the Swiss National Bank. Swiss banks active in international financial markets have no choice but to apply the US rules, according to Widmer-Schlumpf." Continue reading →

Continue ReadingSwiss government signs tax compliance deal with US

Police Chief Admits: Our Guns are Offensive Weapons Used to Commit Aggression

"'A gun is not a defensive weapon,' insists Emeryville, California Police Chief Ken James, who claims that his mind, which most likely boggles easily, is 'boggled' by the idea that guns could serve a defensive purpose. 'That is a myth. A gun is an offensive weapon used to intimidate and used to show power. Police officers do not carry a gun as a defensive weapon to defend themselves or their other [sic] officers. They carry a gun in order to do their job in a safe and effective manner, and face any oppositions [sic] that we may come upon.'" Continue reading →

Continue ReadingPolice Chief Admits: Our Guns are Offensive Weapons Used to Commit Aggression

Former San Diego mayor blames brain tumor for stealing $2 million from charity

"A former California mayor admitted in federal court on Thursday to stealing more than $2 million from her dead husband’s charity to fuel a $1 billion gambling binge. The former mayor of San Diego pleaded not guilty to money-laundering charges, and now has two years to repay the charity. O’Connor’s attorney said the former mayor suffered from a gambling addiction that caused her to lose $13 million, mostly playing video poker at casinos both locally and in Nevada and New Jersey. O’Connor, who served as mayor from 1986 to 1992, blamed her gambling largess on a brain tumor that was not diagnosed until 2011." Continue reading →

Continue ReadingFormer San Diego mayor blames brain tumor for stealing $2 million from charity

Pelosi: Congressional pay cut undermines dignity of the job

"House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that she opposes a cut in congressional pay because it would diminish the dignity of lawmakers' jobs. 'I don't think we should do it; I think we should respect the work we do,' Pelosi told reporters in the Capitol. 'I think it's necessary for us to have the dignity of the job that we have rewarded.' Pelosi, whose husband is a wealthy real-estate developer, was quick to note that a cut in her own pay would be far less significant than that for both staffers and less wealthy members of Congress." Continue reading →

Continue ReadingPelosi: Congressional pay cut undermines dignity of the job