August 16th, 2012
Sometimes you need more than words. Let's try graphics instead. Illicit Financial Flows: Explained on Prezi.
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August 15th, 2012
This spring, reports surfaced that Wal-Mart's Mexico arm may have engaged in widespread bribery in order to rapidly increase its presence in Mexico. Even immediately after the initial New York Times story, the company itself hinted that a thorough investigation may turn up even more.
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August 8th, 2012
There’s very little our lawmakers won’t do to show their patriotism. And this week Senator Marco Rubio took the prize when he introduced a bill that would exempt American winners of Olympic medals from federal taxes on their cash prizes.
In case you haven’t heard yet: when an Olympian wins a gold, silver, or bronze medal, he or she receives a cash prize of $25,000, $15,000, or $10,000, respectively. At the moment, Olympians pay taxes on those prizes just as they would on any other income. Under the Olympic Tax Elimination Act, they would not.
As someone who was once an...
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August 8th, 2012
An old industrial dynasty from the German Ruhr region might play a role in blasting the envisaged transparency regulations for the extractive industry proposed by the EU commission. It is one of those typical German Mittelstand (SME) family-owned businesses, which was founded in 1842 by Wilhelm Grillo, and grew into an industrial giant, the Grillo-Werke AG. The core competence on zinc, the company focuses on zinc metallurgy and sulphur chemistry, has an estimated annual turnover of around 600 million Euro, around 1600 employees and is headed by Ulrich Grillo.
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