Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for November 25th, 2012

An inspiration to Mssrs. Boehner, McConnell, Norquist, and Ailes

Posted by Charles II on November 25, 2012

John Lichfield, The Independent:

Seldom in any democratic country can such fraternal hatred, such bloody-minded determination to eviscerate nominal colleagues, have been exposed within one political party.

Forget John Major’s war with the Tory Eurosceptic “bastards” in the 1990s. Forget Republican primary attack ‘ads’ in the United States. For eight days, leading members of the French centre-right have been ripping one another apart live on radio and TV or exchanging insults and accusations by Twitter.

François Fillon, the gently-spoken man who was prime minister until six months ago, has accused his leadership rival Jean-Francois Copé of turning France’s largest political party into a “mafia”. Mr Copé has accused Mr Fillon and his supporters of “ massive, pre-meditated fraud” in an internal election for party president which ended in a near dead-heat last weekend.

Posted in international, political purges | Comments Off

Offshore abuses

Posted by Charles II on November 25, 2012

Following up on a previous post regarding an effort to clamp down on tax evasion….

The presidential campaign might have failed to address poverty and global warming. But it did bring forward one important issue: the use of offshore shell companies to evade taxes and commit other crimes. James Ball of The Guardian has the interesting tale of a woman who is the titular head of 1200 companies:

[Mrs.] Petre-Mears does not appear to need to know much about the people for whom she passes resolutions, allots shares and helps set up bank accounts. All she has to do is sign her name.

Those names appear on activities ranging from Russian luxury property purchases, to porn and casino sites. Sometimes, such nominees even act as shareholders as well as directors.

The BBC has done a parallel investigation:

Secret filming by the BBC as part of a joint investigation with the Guardian newspaper and the Washington-based International Consortium of Investigative Journalists identified a number of corporate service providers – firms that specialise in setting up companies both in the UK and abroad – willing to facilitate tax evasion and turn a blind eye to criminal activity.

Maybe US media will discover a story someday, too. There’s enough tax evasion to substantially close the deficit without throwing a single granny into the snow.

Posted in corruption, crimes, taxes, The Plunderbund | Comments Off

Maybe Obama has been doing something during his time in Washington

Posted by Charles II on November 25, 2012

Jamie Doward, The Guardian:

Radical plans to force the UK’s tax havens to reveal the names behind hidden companies, account holders and trusts have been drawn up by the Treasury.

A leaked document reveals that the UK plans to impose its own version of the US Foreign Account Tax Compliance Act (Fatca) on the crown dependencies of Jersey, Guernsey and the Isle of Man, as well as its overseas territories, such as the Cayman Islands.

Fatca, which will come into force in the middle of next year, requires foreign banks to report American account holders to the US Inland Revenue Service. The draft UK equivalent, seen by the magazine International Tax Review, will require British tax havens to make similar disclosures about UK account holders to UK tax authorities.

So Romney loses an election, loses his tax havens. I bet the latter hurts a lot worse.

Posted in Mitt Romney, taxes | 2 Comments »

Wal-Mart: Always low wages

Posted by Charles II on November 25, 2012

Via ql at Eschaton, USAT:

[Elizabeth Paige] Laurie, the granddaughter of Wal-Mart co-founder Bud Walton, has returned her degree, nearly a year after Elena Martinez told ABC’s 20/20 that she had written term papers and done assignments for Laurie for 3 1/2 years.

She paid $20,000 for how many hours of work?

(To be fair, I don’t know if Laurie is a Republican, but the Walton family does lean Republican, in the same manner that a park bench leans horizontal).

Posted in Republicans acting badly | Comments Off

 
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