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UK-Swiss Tax Deal Rewards Those Who Hide Their Money in Switzerland
September 9th, 2011
George Osborne says that 'those who evade taxes, like benefit cheats, are leeches on society'. However, he has agreed a deal that rewards those who avoid paying taxes in the UK by hiding their money in Switzerland. George Osborne says: 'my message to those who try to hide their incomes from the Revenue in offshore bank accounts and false declarations is simple: we will find you and your money.' A senior official at the Indian Central Board of Direct Taxes says: 'money laundering or illegal commission are a criminal offence. So, our effort will be to not...
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Oracle of Omaha Sees Big Picture, Misses Loopholes
August 19th, 2011
Earlier this week, Facebook, and other sites, were buzzing with talk about Warren Buffett’s op-ed in The New York Times, where the American billionaire called on U.S. policymakers to raise the income tax rate for the richest Americans. Indeed, The Washington Post even posted a link on its Facebook page to an AP article about the op-ed with this apt description: “In case you missed it -- and there's only a slim chance you did --- Warren Buffett is calling on the so-called ‘mega-rich‘ to pay more in taxes.” Most of the reactions I saw were supportive of Mr....
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