Monthly Archives: January 2013

America’s Platinum Express

Posted on by

“Even if you are Scott Sumner himself, you should be very alarmed when you’ve now got arguably the most prominent economist on Earth arguing that the government should start paying its bills with coupons that are then monetized by the Fed. That is just the barest step removed from having the Fed literally create new money to cover the government’s spending.  Forget the macroeconomics for a second. Surely there is the faintest hint of Public Choice economics buried in the souls of the market monetarists. Can we all agree that Krugman’s flippant remarks above are downright alarming?”

http://consultingbyrpm.com/blog/2013/01/americas-platinum-express.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

UK government publishes 30 tax cheats’ photos on Flickr

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/flickr1.jpg

“Over 30 of the UK’s top tax cheats are being publicised on Flickr as part of HMRC’s current tax evasion campaign.  Exchequer secretary to the Treasury David Gauke said, ‘The government is committed to closing in on tax evaders. Collectively the 32 criminals have been sentenced to more than 150 years. Most people play by the rules and pay what they owe, but HMRC is cracking down on those who don’t.  We hope that publishing these pictures will help get across that it always makes sense to declare all your income, and tax dodgers are simply storing up trouble for the future.'”

http://www.newstatesman.com/business/business/2013/01/30-uks-top-tax-criminals-published-flickr

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Tunisia: financial offshore centre

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/Tunis-Financial-Harbor-300x1812.jpg

“The desire to continue the $3 billion Bahraini project in Tunisia has been renewed by the Bahrain investment bank Gulf Finance House (GFH). The project will be Tunisia’s first financial offshore centre and construction is poised to begin this month with bids already issued.  The billion dollar project is set to have four business clusters including investment banking and advisory centre, a corporate centre, a Takaful/insurance hub and the region’s first international financial exchange. There will also be a variety of residential and leisure facilities including a marina, a residential complex and an 18-hole championship golf course.”

http://medafricatimes.com/1190-tunisia-financial-offshore-centre.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Expats in Spain warned to declare offshore assets

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/spanish-door-jpg.jpg

“Advisers with expatriate clients who are tax-resident in Spain say they are urgently reaching out to their clients to warn them that they must begin reporting to the Spanish tax authorities about any overseas assets they hold worth more than €50,000, following a recent change in the country’s tax regime.  The new rules took effect yesterday, with Spanish residents with offshore holdings being expected to provide their first accounting of their non-Spanish assets between that date and 31 March 2013.”

http://www.international-adviser.com/news/tax—regulation/expats-in-spain-warned-to-declare-offshore

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

French budget minister under probe for tax fraud

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/photo_1357659409328-1-01.jpg

“French Budget Minister Jerome Cahuzac is under investigation for tax fraud after a media report that he had an undeclared UBS account in Geneva which he then moved to Asia, prosecutors said Tuesday.  Cahuzac, who is in charge of battling tax evasion, has denied the report by the respected Mediapart investigative website that he had an undeclared Swiss account which he then transferred to Singapore.”

http://www.france24.com/en/20130108-french-budget-minister-under-probe-tax-fraud

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

‘We can no longer afford to be American citizens’

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/a-time-for-choosing1.jpg

“Well, you could always move to Canada, right? Think again. The Foreign Account Tax Compliance Act (FATCA) comes more fully into effect this year, and as The Globe and Mail‘s Barrie McKenna explains, ‘FATCA will force the hand of many Americans in Canada, making them choose between compliance or giving up their U.S. citizenship.’ Here’s why.”

http://reason.com/blog/2013/01/03/we-can-no-longer-afford-to-be-american-c

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

France’s Socialists Generate A New Class Of Tax Exiles

Posted on by

“The message could not be clearer: The number of requests by French citizens to leave France are suddenly up by 400 to 500 percent. As far as my tax law business is concerned, we used to have three to five such cases a year, and we are already facing more than 20 this year. We are witnessing an explosive rise in tax exile since April 2012.  Currently, however, we are seeing a lot of young entrepreneurs, not necessarily wealthy, but who would like to get wealthy and will not hand over their wealth to the government. The hopeful tax exiles are therefore getting younger: today they are aged between 35 and 50, and not between 55 and 70, as was seen before.”

http://www.theblaze.com/contributions/france-is-anybody-there-frances-socialists-generate-a-new-class-of-tax-exiles/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

France’s Financial Transaction Tax Experiment Is Turning Into The Worst Kind Of Failure

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/fracois-hollande2.jpg

“Investors who own French shares are selling them and taking positions on them through derivatives instruments such as contracts for difference, structured products and ETFs, according to a Paris-based lawyer. ‘Most structured transactions remain outside the tax,’ he says. ‘It is due only if you have actually purchased the shares.’  In other words, instead of curbing excessive speculation, the tax is simply forcing those speculative activities into darker, less-regulated corners of the market.”

http://www.businessinsider.com/france-transaction-tax-and-derivatives-2013-1#ixzz2GzRC7C9m

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Gold Lures Japan’s Pension Funds as Abe Targets Inflation

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/iSrLKzeUtsnw2.jpg

“Japanese pension funds, the world’s second-largest pool of retirement assets after the U.S., will more than double their gold holdings in the next two years as the new government pushes for a higher inflation target, according to an adviser to the funds.  New Prime Minister Shinzo Abe’s pledge to spur inflation to 2 percent and end the yen’s appreciation means Japanese pension funds now have to hedge against rising prices and a currency decline after two decades of stagnation. Gold priced in yen reached a record a week ago.”

http://www.bloomberg.com/news/2013-01-08/gold-lures-japan-s-pension-funds-as-government-pledges-inflation.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

With Eye On China, Japan Weighs Raising Military Spending

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/JAPAN-articleInline1.jpg

“Japan’s new conservative government announced a review of national military strategy on Monday that analysts said was aimed at offsetting China’s growing military power and that may increase defense spending for the first time in a decade.  Mr. Abe had promised during the election campaign to strengthen the military to defend Japan’s control of islands in the East China Sea that are also claimed by China.”

http://www.nytimes.com/2013/01/08/world/asia/with-eye-on-china-japan-weighs-raising-military-spending.html?_r=0

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet