Do Both Liberals and Conservatives Have Taxing and Spending All Wrong? Texas Gov.
Rick Perry (R) and Maryland Gov. If You Think Only Poor People Need Welfare, Wait Till You See What Really Rich Folks Do With It. Narrator: And all this time I thought the world was round.
The world is not round. Resource stress – Future State 2030. Www.bis.gov.uk/assets/goscience/docs/p/perfect-storm-paper. Cyprus closes in on EU bailout, U-turn on levy. 2012–13 Cypriot financial crisis. The 2012–2013 Cypriot financial crisis is an economic crisis in the Republic of Cyprus that involves the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the international markets[1][2] and the reluctance of the government to restructure the troubled Cypriot financial sector.[3] Context[edit] Cyprus's debt-to-GDP percentage compared to Eurozone average since 1999 The United States' subprime mortgage crisis in 2007–2008 led to a domino effect of negative consequences in the global economy including the European Union.
Response[edit] Emergency loan (2012)[edit] Since January 2012, Cyprus has been relying on a €2.5bn (US$3.236 billion) emergency loan from Russia to cover its budget deficit and re-finance maturing debt. Mining, Oil & Gas. Sierra Leone Mining DatabaseTo insure transparency and accountability in February of 2012 Sierra Leone introduced its first online mining database, for the country’s rich natural resource sector[1].
Sierra Leones’s Minister of Mines and Mineral Resources Minkailu Mansaray believes the system will stamp out all forms of malpractice in terms of licensing and financial management of the mining sector. The public should be aware of what mining companies are paying to the government and what the government receives from these mining companies. The systems main purpose is to have information on all revenue data for the mining industry collected, recorded and published for public accessibility.
My CMS. Tackling tax-havens. Tax Justice Australia Network I have made revenue collection a frontline institution because it is the one which can emancipate us from begging.
If we can get about 22 per cent of GDP we should not need to disturb anybody asking for aid; instead of coming here to bother you, give me this, give me this, I shall come here to greet you, to trade with you. - President Yoweri Museveni of Uganda, that currently collects around 11 per cent of its GDP in tax. Tax provides the money for services that we all need, like health care, education, aged care, clean water and roads.
However, some wealthy individuals and multinational companies engage in large scale tax dodging, avoiding paying hundreds of billions of dollars in taxes globally. This means everyone else has to pay more tax or go without essential services. Tax, not aid, is the most sustainable source of finance for development. Oxfam paper - final version 06 00.rtf - oxfam_paper_-_final_version__06_00.pdf. Private Banking 2012.pdf. The Price of Offshore Revisited and Inequality Underestimated. Network. Lobbyists for the havens: ICIJ’s guide to the offshore system’s defenders. Corporate Tax Avoidance. Apple’s Web of Tax Shelters Saved It Billions, Panel Finds.
The investigation is expected to set up a potentially explosive confrontation between a bipartisan group of lawmakers and Timothy D.
Cook, Apple’s chief executive, at a public hearing on Tuesday. Super-Rich Hold Up To $32 Trillion In Offshore Havens. LONDON, July 22 (Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion. The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.
He used data from the World Bank, International Monetary Fund, United Nations and central banks. ICIJ Offshore Leaks Database. Board of Directors. Lobbyists for the havens: ICIJ’s guide to the offshore system’s defenders. AABA. B.C. hospital P3 ownership moves to tax haven. One more of British Columbia's public-private partnerships (P3s) has headed down the road to ownership in a European tax haven.
Bilfinger Berger Global Infrastructure completed deals last summer to acquire equity and loans for the Kelowna Vernon Hospital. It is also buying out equity and loans on Alberta's North East Stoney Trail highway P3 in Calgary. Bilfinger Berger Global Infrastructure is incorporated in Luxembourg, a European tax haven. The two purchases are worth £25.9 million. The private partner for the hospital P3 was originally the Infusion Health consortium with financing provided by Bilfinger Berger Project Investments Inc. and John Laing Investments, joint lead developers and equity investors in Infusion Health KVH Ltd. In 2011 the original Bilfinger Berger investor announced it was beginning to move its investments to the tax haven based Bilfinger Berger Global Investments. Big companies push back against G20 tax avoidance plan.
Network. Follow the Money. Offshore Leaks, Tax Haven Secrecy Revealed. International Consortium of Investigative Journalists. ICIJ Offshore Leaks Database. ICIJ Offshore Leaks Database.