Results tagged “Taxes” from Dealbreaker
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You And Us And The IRS
Aug 05, 2009, 3:36pm
Posted by Equity Private
Believe it or not the United States and UBSSwitzerland are not anxious to release the details of their 20-Questions: Tax Evaders settlement just this minute (or Friday, when the settlement is due to be concluded). You would think the settlement...
The Proposal To Bring Back Buy-And-Hold
Jun 25, 2009, 9:40am
Posted by Greg Michaels
Former IBM CEO Lou Gerstner is not making any new friends on trading desks. Gerstner bemoans Wall St.'s focus on short term trading rewards but goes one step further and offers a modest proposal to solve the problem. In his...
Are You Listening, Tim Geithner?
May 29, 2009, 9:00am
Posted by Bess Levin
You could probably find a lot of people who are against bailouts but this morning the most unintentionally hilarious one is Craig T. Nelson. Coach went on Glenn Beck last night to promote this message. He's pretty steaming mad...
Sunny Climates Attract Shady Characters
May 27, 2009, 2:31pm
Posted by Equity Private
It is an often forgotten fact that the United States is among the minority as a country that taxes citizens on their world-wide income. It is not self-evident that U.S. based corporations should pay tax on foreign income. This is...
Making Cost Efficient Efficient By Raising Costs
Apr 29, 2009, 12:50pm
Posted by Equity Private
Count on a failing business backed into a corner to rely on "changing the rules of the game" to sustain itself, to carry it above water (barely) for another few periods. Just buy some time until something miraculous can be...
No One Expects The Spanish Inquisition!
Apr 27, 2009, 4:26pm
Posted by Equity Private
Face it. There is no escape and you banks are so unpopular now that any hope you had at generating sympathy is gone gone gone. We want to know your customers. We want to know when you knew them. We...
"I Want Half, Eddie!"
Apr 22, 2009, 10:19am
Posted by Equity Private
We would say we are surprised. But we aren't. Alistair Darling has announced a new top tax rate of 50% for those earning more than £150,000 from next April. The chancellor unveiled the measure after delivering a stark Budget report...
You Knew It Was Coming
Apr 09, 2009, 5:08pm
Posted by Equity Private
State income tax hikes, of course. The squeeze is especially severe in states hit hardest by the recession, such as Arizona, where sales-tax revenue has fallen by 10.5%, income-tax collections are down 15.7% this fiscal year, and the government faces...
Tax Riots Aren't Just For Breakfast Anymore
Apr 08, 2009, 11:05am
Posted by Equity Private
For years it seemed California could pretty much spend itself past drunken sailor levels and tax the stuffing out of everyone to keep the debt payments current. The state's goal to be the leading tax-and-spend municipality was boosted not insubstantially...
They Are Conspiring To Conspire
Mar 17, 2009, 10:26am
Posted by Equity Private
So here's the scoop: A "whistleblower" says that Barclehs is planning to "dodge taxes." Maybe it is the reporting style in the International Herald Tribune, or the fact that Her Majesty's Revenue and Customs representative doesn't know the difference between...
Swiss Irony
Mar 13, 2009, 4:08pm
Posted by Equity Private
While it may not be the place for tax avoiders (evaders) it's still a Mecca for legitimate tax arbitrage. Convinced, with good reason, that they are about to be tagged with windfall profits taxes, green taxes, anti-petrol taxes, and "you...
I'm Having A Hard Time Finding A Metric To Measure All This Déjà Vu
Feb 05, 2009, 4:56pm
Posted by Equity Private
The thing about this production of "Theater of the Absurd" is that the first act never seems to end. A Senate committee put off its vote on Representative Hilda Solis's nomination as labor secretary, one day after her husband paid...
Rose City Archery Will Not Have Its Integrity Impugned
Oct 02, 2008, 6:17pm
Posted by Bess Levin
As you know, the Patriot Act Bailout Bill included an item regarding wooden bows and arrows, which several news outlets picked up on. A very fresh Dealbreaker reader e-mailed the CEO of the company to congratulate him on scoring a...
Meet John McCain's Economic Brain: Phil Gramm
Posted in Politics, Jun 30, 2008, 8:35am
Posted by John Carney
Phil Gramm gave his first political interview in years to Stephen Moore in the Wall Street Journal's weekend edition. The interview is clearly meant to reassure conservative voters about Republican presidential candidate John McCain. What separates McCain from Obama, Moore...
City Council Wants To Tax Carried Interest
Posted in Hedge Funds, Jun 23, 2008, 11:21am
Posted by John Carney
New York's City Council is backing a plan to raise a $200 million per year tax on the investment income of hedge fund managers and private equity partners. Such a tax increase would have to be approved by lawmakers in...
DealBreaker's Guide To Living: The Michael Lohan Component Is Essential
May 27, 2008, 10:00am
Posted by Bess Levin
Kirk Wright, the hedge fund manager convicted of 47 counts of fraud and money laundering, whose clients included pro football players and his mother, and who faced as much as 710 years in prison plus a fine of up to...
Baby Steps At UBS
May 07, 2008, 1:18pm
Posted by Bess Levin
As you’ve probably heard, the U.S. Department of Justice is investigating whether or not UBS helped its clients evade taxes. Yet another less than shining moment for the Swiss bank, on the heels of writing down trillions, laying off millions,...
Taxing Sovereign Wealth Funds
Posted in Sovereign Wealth Funds, Mar 04, 2008, 4:07pm
Posted by John Carney
Is US tax law accidentally favoring sovereign wealth funds, giving them an advantage over other investors? Law professor Victor Fleischer says that is exactly what is happening, and advises Congress to amend the tax-code to repeal the loophole that sovereign...
Taxes And Consequences: Barack Obama's Tax Plan For Wall Street
Posted in Politics, continuing education, Mar 04, 2008, 8:37am
Posted by John Carney
It's official: Wall Street loves Barack Obama. In 2007, even before he became widely-recognized as the front-runner for the Democratic nomination, Obama pulled in a total of $1.7 million from employees at 12 major Wall Street firms, according to a...
