• News

    Get Paid To Shoot Someone From UBS

    Looking for a new gig (or a gig period)? Disheartened by the dearth of openings in the industry at the moment? Itching for the chance to get all up in UBS’s face? If you’re under 37, in “prime physical condition” and can shoot a gun, the IRS wants you for its Criminal Investigation Divsion, which […]

    / Aug 30, 2010 at 5:41 PM
  • News

    Bonus Watch ’10: Credit Suisse

    The good: bonus time come early! The not as good: no touching.

    / Aug 30, 2010 at 11:15 AM
  • News

    Former Day Trading Hipster-Cum-Musician In A Little Trouble With The IRS

    Marcos Esparza Bofill is a twenty-something native of Barcelona who moved to New York in 2006 to “try his hand at day trading.” He did so for a year, in a little set up in his Alphabet City walk-up, to not much success. So after losing most of his money, not being able to pay […]

    / Aug 25, 2010 at 10:30 AM
  • News, Private Equity

    Stephen Schwarzman Having Difficulty Forming An Opinion On Current Administration

    President Obama and the business community have been at odds for months. But in July the chairman and cofounder of the Blackstone Group, one of the world’s largest private-equity firms, amped up the rhetoric. Stephen Schwarzman—the leading John McCain supporter in a firm that, in 2008, gave more money to Obama—was addressing board members of […]

    / Aug 16, 2010 at 10:30 AM
  • News

    Leon Cooperman Throws Accountant Under A Bus

    Honestly, what’s a billionaire gotta do to get some decent advice vis-a-vis what’s “legal” and what’s “not” around here?

    / Aug 10, 2010 at 12:20 PM
  • News

    Fox Business “Exclusively” Stonewalled By Tim Geithner

    He says it’s his policy not to do walk and talks but Charlie Gasparino knows better. This guy’s got something to hide.

    / Aug 2, 2010 at 5:05 PM
  • News

    Patterson Calls Off Tax On Non-Resident Hedge-Fund Managers– WHAT WILL JODI RELL DO NOW?

    As has been previously mentioned, Connecticut Governor Jodi Rell wants a piece of New York-based hedge fund managers who don’t reside in the state. Earlier in the month she saw an opening when Albany proposed laying a $50 million tax on those managers only doing business in the state and she pounced. She started off […]

    / Jul 26, 2010 at 11:30 AM
  • News

    Is Congress Encouraging People To Kill Their Old/Rich Relatives?

    At least one guy says yes, though perhaps this is just an all to convenient way of blaming the government for something he’s been planning on doing all along. Funny how that happened. Advisers say the estate-tax dilemma is especially awkward for heirs. “At least in December 2009, people wanted to keep their relatives alive,” […]

    / Jul 13, 2010 at 4:09 PM
  • News

    Joe Perella Wants You to Stop Whining About Higher Taxes

    “I hope people wake up — America has to suck it up.” Mr. Perella said at a panel discussion on Wednesday hosted by Thomson Reuters. “The country is 40 percent overweight, Bloomberg tries to close down schools that turn out only 25 percent of the ‘products’ that work and he can’t, the budget is completely […]

    / May 26, 2010 at 3:00 PM
  • News

    What Do Pamela Anderson And Tim Geithner Have In Common?

    Obviously a whole lot but in this case the answer we were looking for was failure to pay taxes like the rest of us law abiding citizens.

    / Apr 13, 2010 at 12:45 PM
  • News

    Robert Benmosche Has His Reasons For Not Working Out Of AIG’s Corporate Headquarters

    Today the Journal has a story examining the effects of absentee CEOs, particularly those running some of our nation’s shittiest bailed out companies. Though there is the argument that these firms will never learn to stand on their own feet unless we stop coddling them, some feel the absence of daddy chief execs hurts employee […]

    / Mar 31, 2010 at 3:45 PM
  • News

    Punishment For UBS Tax Evaders Actually Not That Bad A Deal

    Are you one of the UBS clients who maybe used the firm to get around paying your some or all of your taxes? Have you been considering whether or not to come forward and admit it, not because of the shame (there’s no shame in this! Except that you’re lumped in the same category as […]

    / Mar 23, 2010 at 9:45 AM
  • News

    Tim Geithner Interested In Taxing The Hell Out Of Hedge Funds

    Hug-lover Timmy G., testifying today (does the guy’s job entails something else than testifying at hearings?) before the Senate Budget Committee, proposed to enact a “carried interest” tax for hedge funds and PE managers – a move that could double some funds’ taxes.

    / Feb 4, 2010 at 2:44 PM
  • News

    Just Putting It Out There

    For those of you whose firms don’t perform these procedures on-site and on the house: sex changes are now deductible (though boob jobs are not).

    / Feb 3, 2010 at 4:20 PM
  • News

    Ace Greenberg On Eggs, And Taxes

    Ace “I give away Viagra” Greenberg came out of his silence today to support Lloyd & Co. (well, mostly Lloyd) who have been unfairly attacked for no valid reasons. People just don’t understand that the banking world needs superstars that need to be very well compensated and that the industry (GS) has been doing a […]

    / Jan 21, 2010 at 12:40 PM
  • News

    String’Em Up!

    The Times editorial boardAnd by “‘em,” The New York Times means you. In a populist screed atop Sunday’s editorial page, the august guardians of opinion at the Gray Lady implore the President to follow the lead of his British and French counterparts and tax the hell out of your bonus, should you be so lucky […]

    / Dec 21, 2009 at 9:22 AM
  • News

    Able Was I, Ere I Saw Gordon Brown Beat Me To The Punch

    The French will simply not be outdone on matters of making Europe the most inhospitable place on earth to be a banker. Fresh from declaring victory over the wicked Anglo-Saxons and their lasseiz-faire banking cabal, France now says it, too, will impose a huge one-time tax on banking bonuses, just like the British said they’d […]

    / Dec 16, 2009 at 11:05 AM
  • News

    You And Us And The IRS

    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 some sort of public relations embarrassment for Switzerland by this metric. The settlement is likely […]

    / Aug 5, 2009 at 3:36 PM
  • News

    The Proposal To Bring Back Buy-And-Hold

    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 utopia, day traders would pay an 80% tax on gains, individuals holding investments for 6 […]

    / Jun 25, 2009 at 9:40 AM
  • News

    Are You Listening, Tim Geithner?

    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 about all this (“I’m just sick and tired of it”), and you know what he’s going […]

    / May 29, 2009 at 9:00 AM
  • News

    Sunny Climates Attract Shady Characters

    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 certainly not some kind of global consensus, after all. So it is a tad annoying […]

    / May 27, 2009 at 2:31 PM
  • News

    Making Cost Efficient Efficient By Raising Costs

    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 arranged (or more time can be purchased from the time vendor). In this case, the […]

    / Apr 29, 2009 at 12:50 PM
  • News

    No One Expects The Spanish Inquisition!

    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 want to know how you met them. We want to know who they know that […]

    / Apr 27, 2009 at 4:26 PM
  • News

    “I Want Half, Eddie!”

    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 on the state of the UK economy. He said debt would hit a record £175bn […]

    / Apr 22, 2009 at 10:19 AM
  • News

    You Knew It Was Coming

    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 a $3.4 billion budget gap next year. But such shortfalls are likely to be widespread; […]

    / Apr 9, 2009 at 5:08 PM
  • News

    Tax Riots Aren’t Just For Breakfast Anymore

    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 by skyrocketing real-estate prices (and the heavy taxes thereon) and permitted some absolutely eye-popping defined-benefit […]

    / Apr 8, 2009 at 11:05 AM
  • News

    They Are Conspiring To Conspire

    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 tax evasion and tax avoidance (one might explain this away by pointing out that the […]

    / Mar 17, 2009 at 10:26 AM

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