Tax Avoidance Saves Wealthiest Americans $3 Trillion Each Year Huffington Post ...Three trillion dollars a year. That's how much the wealthiest Americans avoid through the system of subsidies and schemes and sweet deals that deprive middle-class workers of their earned benefits. That's three times more than the deficit...
Taxation: Unsafe offshore Financial Times ...Galvanising co-ordinated action, Britain, Germany and France have thrown their weight behind an urgent review of the international tax standards, which they say, faces “difficulty keeping up with changes in global business practices, such as the development of ecommerce in commercial activities”. The potential reforms will start to take shape next month at a Group of 20 meeting in Russia...
Double trouble: House GOP eyes default, shutdown Politico ...The idea of allowing the country to default by refusing to increase the debt limit is getting more widespread and serious traction among House Republicans than people realize, though GOP leaders think shutting down the government is the much more likely outcome of the spending fights this winter...
House to Take Up Storm Relief Bill Amid Battle Over Spending New York Times ...Squeezed between the demands of Northeastern Republicans and conservatives, House Republican leaders have orchestrated a legislative approach that they say will allow $50 billion in aid to be approved on Tuesday...
Union leader warns of civil unrest in face of austerity programme The Independent ...Unite's Len McCluskey pledged to "fight all the way to the next election" as he said no form of protest, including the prospect of a general strike, should be ruled out. He said the Govern- ment's policies, designed to balance the nation's books, were leaving working people feeling "battered"...
China Export Surge Spurs Data Skepticism at Goldman, UBS Bloomberg ...The 14.1 percent jump from a year earlier was the biggest positive surprise since March 2011, according to data compiled by Bloomberg. The increase didn’t match goods movements through ports and imports by trading partners according to UBS, while Goldman Sachs and Mizuho Securities Asia Ltd. cited a divergence from overseas orders in a manufacturing index...
Michigan Gov Snyder to pick new Supreme Court justice – will he show moderation or ideological Republican extremism? eclectablog ...Snyder’s Supreme Court appointment will set the tone for the 2013 legislative session...
