Menu

More News

Save the Children's Alex Cobham launches "Uncounted," a New Blog on Inequality Issues
July 25th, 2012
Save the Children's Head of Research Alex Cobham has launched a blog that examines issues of inequality. Named "Uncounted," the blog has listed topics such as the life expectancy of indigenous peoples, caste and tribal poverty, and female illiteracy as those that reflect society's marginalization of individuals. At the same time, Cobham applies his inequality motif to tax issues, yet he notes a distinction between being "uncounted" by a lack of power and being "uncounted" by design. The latter "reflects the presence, not the absence of power."
Continue Reading
Football Dynasty Manchester United Directs Money Through Cayman Island Tax Haven
July 10th, 2012
Manchester United, the world renowned English football club, is facing hard times financially. Although the club’s world class reputation speaks for itself (19 championships and a home to scores of star footballers), the club still depends heavily on cash flow. In 2005, the Glazer family (also owners of the Tampa Bay Buccaneers) bought out Manchester United from the London Stock Exchange for $1.47 billion, successfully taking on full ownership of the club (despite vehement public opposition.) Now, 7 years later, Man U is facing a massive debt crisis, according to the Associated Press.
Continue Reading
Britflicks: A Pain On The Economy And The Eye- Tax Avoidance Schemes Used By British Filmmakers
June 26th, 2012
Marina Hyde wrote a great article for The Guardian on Friday. As we’ve seen in the media, tax avoidance schemes and scandals are popping up everywhere. Jimmy Carr’s explosive case exemplifies this upward trend of tax avoidance. Hyde brings to light one particular way (of numerous ways) in which Brits are getting rich from skipping out on their tax bill: they make shoddy “Britflicks.”
Continue Reading
Follow @FinTrCo