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+16 +1
DMX Sentenced to 1 Year in Prison
DMX has been in and out of jail throughout his career. Only two months after being sent behind bars for violating bail conditions related to failed drug tests, X has just been sentenced to 1 year in prison.
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+14 +1
DMX's Lawyers Are Going to Play His Songs in Court to Sway Judge During Sentencing
DMX currently awaits sentencing after pleading guilty to tax fraud for avoiding $1.7 million in taxes over the course of five years. "I failed to file taxes," he told U.S. District Judge Jed Rakoff in December. "I'm responsible, even placing other people in charge of it." The rapper's prosecutors are seeking a five-year prison sentence and urged Rakoff to "send the message to this defendant and others that star power does not entitle someone to a free pass."
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+4 +1
Panama Papers probe sees CRA raid locations in Toronto, Calgary and West Vancouver
Canada Revenue Agency officers, backed up by police, raided locations in three provinces Wednesday as part of a criminal tax-evasion probe stemming from the Panama Papers, the agency said. About 30 criminal investigators from the CRA executed three search warrants in the Toronto area, Calgary and West Vancouver, with assistance from the RCMP and the West Vancouver police, the CRA said in a statement online.
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+21 +1
Singer Shakira under investigation in Spain for possible tax evasion
Pop music star Shakira is under investigation in Spain for possible tax evasion during the three years before she officially moved to Barcelona, Spanish authorities said Tuesday. Shakira switched residences in 2015 from the Bahamas to Barcelona, where she lives with her partner, Barca soccer player Gerard Pique, and the couple’s two sons. Spanish tax authorities suspect the Colombian singer already lived in the northeast city between 2012 and 2014, when she allegedly failed to pay income taxes in Spain.
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+30 +1
South Korean justice ministry prepares to ban cryptocurrency trading, exchanges raided
South Korea's justice minister said on Thursday the government is preparing a bill to ban cryptocurrency trading, throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.
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+29 +1
“It’s a Ponzi Scheme”
Wall Street Fears Trump’s Deranged Tax Plan Means Economic Euthanasia. By William D. Cohan.
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+13 +1
If you tax the rich, they won't leave: US data contradicts millionaires' threats
In the classic Ayn Rand novel Atlas Shrugged, the rich go “on strike” – withdrawing their services and disappearing from society in protest against taxes and regulation. Weary of carrying an ungrateful world on their shoulders, business leaders and other top income earners finally shrug, and leave the world without them. The book’s metaphor inspires political rhetoric to this day: if you tax the rich, they will leave.
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+12 +1
Has the Art Market Become an Unwitting Partner in Crime?
The debate about anonymity in art sales has intensified as some people wonder whether a lack of ownership transparency has invited criminal activity. By Graham Bowley and William K. Rashbaum. (Feb. 19, 2017)
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+26 +1
All the Elite Hypocrisy Revealed by the Paradise Papers So Far
People who claim to want to eradicate poverty in "helping to perpetuate it" shocker.There are a number of reasons why you might want to put your money in an offshore fund, but chief among them has to be the offer of secrecy. After all, who wants other people getting all up in their financial affairs? It must be more than slightly annoying when the inner workings of the world's leading offshore law firms keep getting leaked to the world's media.
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+18 +1
Bernie Sanders warns of ‘international oligarchy’ after Paradise Papers leak
US senator warned that leak of documents exposing offshore tax havens show ‘rapid movement’ toward a group of billionaires controlling the global economy.
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+3 +1
Paradise Papers: Hamilton avoided £3.27m tax bill on his jet
Lewis Hamilton has been accused of avoiding a £3.27 million tax bill for his private jet in a huge leak of information known as the Paradise Papers. The four-times world champion is among those named in the 13.4 million files from two offshore service companies. The documents reveal how several of the world’s richest people use tax havens to shelter their wealth.
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+30 +1
Paradise Papers leak reveals secrets of world elite's hidden wealth
The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires.
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+16 +1
Disney Retaliates Against the Los Angeles Times After Damning Exposé
They say that journalism is a calling. Noble as that may seem, part of the job is sitting through advance screenings of films like Thor: Ragnarok to inform readers whether it’s worth their time and money. That mission is particularly important for The Los Angeles Times, given LA’s position at the heart of the entertainment industry. But a multinational corporation is denying the newspaper a chance to complete it out of spite. By David Uberti.
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+31 +1
GOP tax bill would allow churches to endorse political candidates
The proposed change is listed at the end of the 429-page legislation. By Brett Samuels.
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+16 +1
Why Don’t We Build Amazon a Goddamn Stargate While We’re at It
Governor Eric Greitens made a big futuristic splash yesterday when his office announced that a hypothetical Hyperloop would be included in the state of Missouri’s bid for Amazon’s second headquarters. By Daniel Hill. (Oct. 20, 2017)
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+6 +1
Citizens of anywhere
Globalisation has turned citizenship into a commodity. Matthew Valencia went shopping for a new passport and found bargains to be had.
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+10 +1
The Tax Divide, an Unfair Burden
A Tribune investigation finds [Illinois] Cook County's property tax system has given financial breaks to affluent homeowners while punishing those who have the least. By David Dayen.
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+17 +1
The Whistleblower Behind Caterpillar’s Massive Tax Headache Could Make $600 Million
The construction giant faces a $2 billion IRS bill and possible criminal charges, while the accountant who tipped off the feds stands to make a windfall.
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+16 +1
Budget Chief Lies To Bernie, and He Crushes Him
The Jimmy Dore Show
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+21 +1
Messi's Spanish jail sentence for tax fraud to stand
A 21-month jail term handed down last year to Barcelona and Argentina footballer Lionel Messi has been confirmed by Spain's Supreme Court, but he is unlikely to go to prison. Messi and his father Jorge, who manages his finances, were both convicted in 2016 of defrauding Spain of €4.1m (£3.5m; $4.6m) in taxes. Jorge Messi's jail term was reduced because he paid some of the taxes.
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