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No Economic Decline in Washington – EVER

armstrongeconomics.com / By Martin Armstrong / July 23, 2014

Housing in Washington never collapsed because it is supported by your tax dollars. Good or bad, the money flows to Washington. The very same hotel chain charges $200 in Philadelphia, $300 in New York City and $400 in Washington. It ain’t for the tourist. It’s [...]

Saxobank: “Be Warned” Of Delayed Market Reaction To “Escalation Of Global Turmoil”

zerohedge.com / by Steen Jakobsen, Chief Economist of Saxobank / 07/21/2014 17:16

“There are causes worth dying for, but none worth killing for” – Albert Camus

The world is increasingly becoming engaged in civil wars and general turmoil where Camus’ words could and should play a central but never will. This article [...]

Australia First to Stop Global Warming Taxes

armstrongeconomics.com / by Martin Armstrong / July 18, 2014

Australia is the first country to reverse this propaganda Global Warming Tax in the world. The data have been manipulated all to justify new taxes and a herd of new bureaucrats to collect and audit such taxes. This has been the greatest propaganda and the [...]

Reader Emails and Other Reflections On the “U.S. Corporate Tax Dodge”

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / July 14, 2014

Last Week I received an email from reader Eric in response to the “U.S. Corporate Tax Dodge” by Barry Ritholtz. First, let’s discuss the “fair tax” proposal of Ritholtz.

In his article, Ritholtz sides with Fortune author Allan Sloan who wrote about Positively Un-American Tax Dodges.

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Japocalypse Now – Machine Orders Crater 19.5%, Biggest Monthly Drop On Record

zerohedge.com / by Tyler Durden on 07/09/2014 21:07

Bye, bye, Abe” Just when you thought Japanese macro data couldn’t get any worse… it does. Plumbing new depths in the “you can’t print your way to prosperity” plan, Japanese Private Sector Machine Orders collapsed 19.5% month-over-month – the largest monthly drop ever (as the dragged-forward [...]

Paris to Tax Empty Offices at 20-40% of Rental Value; Price Crash On the Way

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Wednesday, July 09, 2014 12:43 AM

The ideas from France get nuttier and nuttier as time goes by. Via translation from Les Echos, please consider Paris Will Tax Empty Offices.

The Paris City Council approved Tuesday a tax on commercial vacant properties. The main objective [...]

THE $2T BUYBACK TAX RUSE: The Ultimate Free Tax Ride for Corporations

news.goldseek.com / By Gordon T. Long / 8 July 2014

What do corporate CEOs and Boards know which everyone is missing and that is driving them to executing corporate buybacks approximating $2 Trillion over 24 months? The answer is a free tax ride thanks to the Macroprudential Strategy of the Fed’s [...]

Establishment Pushing “Cashless Society” to Control Humanity

lewrockwell.com / By Alex Newman / July 4, 2014

The global establishment is increasingly pushing the notion of what it calls a “cashless society” — a world in which all payments and transactions would be conducted electronically, creating a permanent record for governments to inspect and track at will. Multiple governments from Africa and Asia [...]

Economic Growth In America’s “Two-Tiered Society”

testosteronepit.com / By Wolf Richter / JULY 1, 2014 AT 1:32AM

The news has been good. Global M&A in the second quarter soared 47% to over $1 trillion,Reuters reported. It was the highest since the record set in 2007, which was followed by the financial crisis. In its sixth year, the phenomenal, [...]

Fed’s Exit Tax – IMF Proposal Extend Debt Maturity Unilaterally

armstrongeconomics.com / By Martin Armstrong / June 30, 2014

Things are starting to get chaotic. It is very interesting that the Fed is concerned about liquidity in the world’s most liquid market. This dovetails into the IMF proposal. While the IMF is suggesting that government simply extend maturity of government debt unilaterally to prevent [...]

Nixon’s secretary erased evidence – Is Obama’s IRS any different?

naturalnews.com / by: J. D. Heyes / June 29, 2014

Not much has changed in Washington, D.C., since the days when Richard Nixon occupied the Oval Office. When scandal arises, perpetrators move to cover their tracks.As investigators began looking into the famed Watergate scandal more than 40 years ago, Nixon’s secretary, Rose Mary Woods, [...]

India cuts tax on gold as jewelers running out of the precious metal (video)

arabianmoney.net / 30 June 2014

India is easing up on gold taxes as this website reported would happen earlier this year from the Dubai Precious Metals Conference. These taxes sent gold prices down last year so prices should now go up.

Bloomberg’s Sunanda Jayaseelan reports on India’s government easing gold curbs [...]

Mini Tax Havens: How Europe’s 1% Gets To Pay Only 1%

testosteronepit.com / Don Quijones / SATURDAY, JUNE 28, 2014 AT 5:21PM

By Don Quijones, freelance writer and translator in Barcelona, Spain. Raging Bull-Shit is his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by our political and business leaders and their loyal mainstream media.

NIRP Strikes: Spain To Create Tax On Bank Deposits

zerohedge.com / by Tyler Durden / 06/26/2014 20:46 -0400

It was a little over a year ago, just as the Cyprus deposit confiscation aka “bail in” was taking place, when we asked, rhetorically, if “Spain is preparing for its own deposit levy” when an announcement by Spain’s Finance Minister, Montoro, hinted at the [...]

Civil Unrest Rising Everywhere – Including the UK

armstrongeconomics.com / By Martin Armstrong / June 23, 2014

The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is [...]

Swiss Secrecy under threat? – No!

news.goldseek.com / Julian D. W. Phillips / 19 June 2014

The media appears to have misread the results of the Credit Suisse case as they did with the UBS case two years ago. Yes, the bank was fined a massive fine in the U.S. but this did not reach back into Switzerland. How come, you [...]

june 16/GLD loses 4.2 tonnes of gold/No change in silver/Gold and silver advance/Gold demand in China this week comes in at 27 tonnes/Central banks around the world purchase 29 trillion uSA/Good collateral is disappearing/USA proposes an exit tax on bond holders/

harveyorgan.blogspot.com / June 16, 2014

Gold closed up $1.20 at $1274.90 (comex to comex closing time ). Silver was up 6 cents at $19.70

In the access market tonight at 5:15 pm

gold: $1272.00

silver: $19.70

GLD saw a huge withdrawal in gold inventory at London England’s custodial vaults to the tune of 4.2 tonnes.

[...]

Japan Inc.’S Worst Quarterly Outlook Since The 2011 Earthquake

testosteronepit.com / By Wolf Richter / JUNE 11, 2014 AT 10:30PM

Big businesses in Japan are – or wait, were – practically giddy. They had good reason as they were happily floating on the Bank of Japan’s rising sea of yen. And a sea it is. With the start of the fiscal year [...]

Goldman Warns Of “Tax Inversion” M&A Euphoria

zerohedge.com / by Tyler Durden on 06/11/2014 17:50

Corporate “inversions” have been around since the 1980s in various forms but have come back into focus recently, but as Goldman’s Alec Phillips notes have recent regained popularity as world tax rates grow ever more divergent. On the back of several high profile ‘proposed’ deals, a [...]

Obama Admin Wasn’t the only One behind the IRS Targeting of Tea Party Groups – Complaint Claims US Senators as Complicit

freedomoutpost.com / By Tim Brown / June 10, 2014

Much has been made, and rightly so, about the Obama administration’s targeting of Conservatives and Tea Party groups. There is no doubt that with the information that has come out that the White House and the Internal Revenue Service were orchestrating the targeting of conservative [...]

The Government Debt Ponzi

Spain’s 10 year note yield has just plunged to a new low at 2.49%. This is quite an astonishing development

acting-man.com / By Pater Tenebrarum / June 10, 2014

Dysfunctional Bond Markets – A Comparison of Yields

Below we show the 10 year government bond yields of three countries: Spain, Japan and [...]

The Most Dangerous Economic Environment of Our Lifetimes

blog.milesfranklin.com / By Andrew Hoffman / June 9th, 2014

Following the ECB’s flat out admission that Europe is amidst the same economic, financial and demographic abyss facing Japan, the inevitability of the “end game” of fiat currency collapse became eminently clearer. Another ugly NFP report depicted America’s rapidly deteriorating labor market, and the [...]

7/6/2014: Ireland’s Questioned Tax Regime & Taoiseach’s Magnets

trueeconomics.blogspot.com / Dr. Constantin Gurdgiev / Saturday, June 7, 2014

Two articles this week highlight the on-going saga of Irish corporation tax regime:1) One covering California’s Governor comments made to our Taoiseach: http://www.independent.ie/irish-news/politics/california-would-be-an-independent-state-if-it-had-irelands-tax-regime-30336242.html2) And another covering the EU probe being launched:http://www.businessweek.com/news/2014-06-05/eu-said-to-decide-next-week-on-probe-of-irish-dutch-tax-breaks

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Tax Protestors, Witch Doctors, and the IRS

garynorth.com / Gary North / June 06, 2014

One of my goals with this website is to warn people against scams, or worse, dedicated suicidal nonsense, that can destroy their lives.

One of these high-risk sinkholes of futility is the tax protest movement. These people do not simply protest income taxes; they adopt [...]

European Poverty Reached 123 million – 16%

armstrongeconomics.com / By Martin Armstrong / June 5, 2014

The Sovereign Debt Crisis that began to show its head in Europe is demonstrating that socialism just does not work. The whole idea of a central managed state and highly regulated pro-worker policy has reduced job growth and exploited labor to such an extent with [...]

Swiss Committing Full Blown Suicide

armstrongeconomics.com / By Martin Armstrong / June 4, 2014

The Swiss began secrecy when Adolf Hitler came to power in 1933 and declared it to be illegal to for a German to have an account outside of Germany. The Swiss adopted their secrecy laws in 1934. This time, the Swiss are giving up everything [...]

US FOREIGN WEALTH CONFISCATION BEGINS UNDER THE CODE NAMES FINCEN, FATCA AND FBAR

dollarvigilante.com / By Jeff Berwick / June 5, 2014

We have been reporting on how the US government is using very nefarious and egregious methods on tracking its own citizen’s financial information, fining them and even instituting the Foreign Account Tax Compliance Act (FATCA) as a form of subterfuge capital controls which [...]

EU Warns Greece Is “A Cause Of Serious Concern” As Top Tax-Collector Resigns

zerohedge.com / by Tyler Durden / 06/05/2014 12:11

Haris Theocharis, the Troika-supported general secretary of Greece’s public revenues was forced to resign following press leaks about “government discontent” at his handling of tax issues – most notably the retroactive taxation of gains on Greek government bonds. As KeepTalkingGreece notes, Theocharis was a hardliner, [...]

Nobody Wins Elections Promising to Trim Waste/Fraud and Simplify Regulations

charleshughsmith.blogspot.com / By CHARLES HUGH SMITH / JUNE 04, 2014

The problem in representative democracy is that every instance of waste, graft, fraud and monopolistic racket is somebody’s fat paycheck or government contract. Promising good governance guarantees a losing campaign for public office. The central irony of representative democracy is similar to the central irony [...]

Illinois Has Worst Pension Crisis, Needs Boldest Reforms, Not More Tax Hikes

globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / May 29, 2014

Governor Pat Quinn passed Illinois’ largest tax hike on record immediately after he was elected. That tax hike was supposed to be temporary. It won’t be, if governor Quinn and House Speaker Michael Madigan get their way.

Madigan, Quinn, and other Illinois politicians are attempting [...]