Tax haven

founder, corporation that later became Glencore, Marc Rich, was in the Ten Most Wanted listed of the FBI. In 1984 Rudolf Giuliani, ex New York mayor, who then was a US Attorney of Southern New York District Court filed an indictment against Rich for tax evasion, fraud, racketeering and trading with the enemies of the US, specifically Iran. For these crimes he could have been condemned up to 325 years in prison.…

I. Introduction To counter the rising problem of economic equality, a global wealth tax is a proposal that has been widely received and considered a viable solution. This tax however, aimed at diminishing the high rate of accumulated wealth by top decile earners, may not be as effective as it purports in theory for a number of reasons: there is limited evidence proving the desired effects will be achieved, all countries must agree upon a uniform system and share information, studies have shown…

years, such policies have extended to lower-level employees as means for firms to take advantage of the tax preference of life insurance. How to Fix the Problem…

Across different tax jurisdictions there are varying treatments observed however, the two primary tax treatments for pensions are EET and TEE. The former system allows contributions and investment returns to be exempt from tax whilst retirement income is taxed. In contrast, the latter taxes contributions whilst returns and retirement income are tax-free. There are variations to the two main systems found across different jurisdictions. We will draw comparisons with the UK tax system across four…

Wacky Tax Deductions Unusual Tax Deductions Generate Unexpected Income People have successfully claimed some pretty zany deductions, and in the interests of lightening up the dry topic of preparing taxes, we 'd like to examine the lighter side of business and tax planning by covering some of these deductions. Of course, there is a point to reviewing these wacky deductions -- you’ll get a better of idea of how the IRS applies tax law to your tax claims. You can deduct those claims that the IRS…

America is in a state of turmoil with economic downturn and job loss to illegal immigrants, a broken tax system, and the threat of ISIS in Iraq and Syria. Barack Obama promised change in 2008, but no economic recovery has been evident, jobs have been continuously lost, and he has dismissed the threat of ISIS and saying that the U.S. “is making significant progress defeating them” (Riley 1) We need tax reform, job creation, and a strong military that will defend our nation. Ted Cruz has promised…

economics is the idea that the money that the “Super Rich” spend circulates and promotes growth in the economy and benefits others. It is the theory that the drivers of economic growth are people that are successful in the economy and that from the tax cuts they receive they will spend more of their money in the economy and invest in business’s which will supposedly generate more jobs. Yet if this is in fact true then why is it that the living conditions are still bad and jobs are at an all-time…

goes against the free market and is based on socialism. In the United States, the candidate, Bernie Sanders addresses capitalism and the free market with strong comments that are a parallel to Robert Reich. With tax rates for the rich at an all time low in history, massive tax breaks and tax loopholes for corporations, the middle class has been ousted from their own government. Bernie Sanders and Reich both understand America is and should be fighting for their waning democracy and the middle…

money in the capital play a huge role in creating the Bubble and pushing up house prices to unrealistic levels, especially in central London. However, London’s Chancellor has targeted the wealthy foreigners and has planned on putting an inheritance tax from 2017 for those…

Daniel Hale Willams By; Erica Lamb Daniel Hale Willams was a man ahead of his time. He performed the first known open heart surgery in the United States, and also founded a hospital with an interracial staff during an extremely racial time in history. Daniel Willams was born Jan. 18 1856. He was born African American. At the time he was born, the civil war was still a few years ahead. But his family lived North, where slavery was illegal. So he had…