srsroccoreport.com / by Chris Hamilton on August 29, 2014
Once upon a time, there was a thing called a “free-market” and for a time nations strove toward this ideal. To wit, a free market economy was a market-based economy where prices for goods and services would be set freely by the forces [...]
mises.ca / by Logan Albright / August 28th, 2014
Voting with your feet has long been an important part of the democratic process. When the laws of a town, state or even country become oppressive, citizens should be free to leave and seek more favorable conditions elsewhere. Yet while an enormous amount of time and [...]
zerohedge.com / by Tyler Durden on 08/27/2014 14:06
It appears the Tim Horton’s / Burger-King deal has sparked a serious surge in Canadian Dollar demand.
CAD is up almost 1% today – its best daily gain since June 2012 – pushing to its highest in a month. We suspect the momentum of the initial [...]
zerohedge.com / by Tyler Durden / 08/26/2014 09:41
President Obama would have proudly proclaimed Warren Buffett a true patriot in his bailing out of the banking system with expensive loans and his ‘realization’ that those earning more than $1 million should be tax-tax-taxed. However, the “Buffett Rule” appears to have one caveat… if you [...]
zerohedge.com / by Tyler Durden / 08/24/2014 13:16 -0400
As part of his latest weekly report, Goldman’s David Kostin breaks down the full array of strategy “baskets” used by hedge funds at this moment to outperform the market in 2014. In a nutshell, the best performing strats right now involve betting on a high vs [...]
dollarvigilante.com / BY Chris Horlacher / August 21, 2014
Many Canadians, referred to as snowbirds, spend 3 to 6 months each year in the United States. If they think to consult a tax adviser at all they’re usually told that so long as they spend less than 183 days per year in [...]
wolfstreet.com / by Wolf Richter / August 22, 2014
This is what happens when the otherwise very competent, diligent, and hard-nosed bureaucrats at the German Ministry of Finance fail to do their homework. These folks can be very effective, for example in collecting taxes, which is part of what they do. The [...]
lfb.org / BY CLEM CHAMBERS / AUG 20, 2014
“Stop tax inversion by American corporations” is the latest war cry of American socialists. Obama is infuriated that U.S. corporations want to be American no more and is going to stop it.
Tax inversion is a method whereby a U.S. multinational company takes over a [...]
armstrongeconomics.com / by Martin Armstrong / August 19, 2014
Resistance to the Russian sanctions in the EU has been growing in some regions of the EU. Hungary now has spoken out against the hard-line of sanctions and Brussels now seeks to dampen the rising anger with bribes – paying for [...]
davidstockmanscontracorner.com / by David Stockman / August 15, 2014
I remember it well. That is, the fiscal rectitude of the old Japan.
During early 1981 as the Reagan White House prepared its radical fiscal plan—-what Senate Majority Leader Howard Baker famously called a “riverboat gamble”—-we were visited by a high ranking delegation from the [...]
europac.net / By Peter Schiff / August 15, 2014
On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. In essence, BNP had surreptitiously conducted business with countries that the [...]
zerohedge.com /Via Goldman Sachs’ Alec Phillip / 08/12/2014 17:21
Corporate “inversion” transactions already looked like a potential catalyst for tax reform over the medium term, but an uptick in deal activity seems to have increased the probability of near-term policy activity as well. First, although Congress had looked unlikely to address the issue [...]
John Bogle, Founder of the Vanguard Group
wallstreetonparade.com / By Pam Martens and Russ Martens / August 12, 2014
Tax lawyers do not typically blow the whistle on their corporate employers because that law degree cost them (or their parents) a serious amount of money; the degree will result in outsized lifetime earnings; and, [...]
acting-man.com / Pater Tenebrarum / August 11, 2014
The Beast Must Be Fed
A friend pointed us to a recent articleabout tax cuts that have been enacted in Kansas. In the article it is argued (incongruously) that tax cuts seem to have harmed the economy, or at last seem not to [...]
johngaltfla.com / by John Galt / August 11, 2014
Let us start this horror show of an article with a fictional scenario which is about to become reality:
Joe works for Alpha Company and owns a nice home with two SUVs and even purchased a BMW for his daughter because she received [...]
sovereignman.com / by Simon Black / July 31, 2014
In the absurdly best-selling book The 7 Habits of Highly Effective People, author Stephen Covey wrote about abundance vs. scarcity.
With the abundance mindset, people confidently view the world as full of resources and opportunities… that there’s more than enough to [...]
wolfstreet.com / by Don Quijones / July 29, 2014
Don Quijones, freelance writer, translator in Barcelona, Spain. Raging Bull-Shitis his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by political and business leaders and their loyal mainstream media. This article is a Wolf Street exclusive.
zerohedge.com / by Tyler Durden on 07/29/2014 19:53
While Goldman’s “derivative-based financial advice” to Greece before the EU enabling them to join the party seemingly went unpunished, Nomura has not been so lucky. Having created complex derivatives transactions to ‘help’ Sicily’s regional government, which have now produced major losses for the duped managers, [...]
zerohedge.com / by Tyler Durden on 07/28/2014 18:15
As the topic of “unpatriotic” ‘tax inversions’ becomes a political issue, we thought it interesting to examinehow big an economic issue it really is. How much income tax do U.S. companies actually pay every year to the Federal government? As ConvergEx’s Nick Colas notes, the [...]
lewrockwell.com / Laura Shin / July 26, 2014
Seventeen years ago, New York state began a tradition that has been adopted by many states: a sales-tax holiday weekend during the back-to-school rush.
“It was developed as a way to give parents a break on the back-to-school shopping season,” says Anna Christakos [...]
thedailysheeple.com / Lily Dane / July 25th, 2014
Obamacare has been in and out of courtrooms since it’s inception, but two recent cases are especially significant because they deal with the tax credits, or “subsidies” given under the law.
Those subsidies – with the federal government paying up to 100% [...]
wolfstreet.com / By Don Quijones / July 24, 2014
Don Quijones, freelance writer, 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 political and business leaders and their loyal mainstream media. This article is a [...]
armstrongeconomics.com /By Martin Armstrong / July 24, 2014
Working for the government was always pitched as somehow being better guaranteed than risky corporations. However, he who makes the laws never goes to jail for breaking them – a plain fact of life. The problem with government pensions has been they promised whatever sounded nice, [...]
armstrongeconomics.com / By Martin Armstrong / July 24, 2014
When a court issues a ruling it is actually called its “opinion”. In religious circles, many of the Protestants revolted against the Catholic Church because they did not like the fact that if the Pope decreed something, it was considered to be infallible – [...]
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 [...]
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 [...]
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 [...]
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.
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 [...]