• News

    Swiss Irony

    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 are too profitable” taxes, a number of energy companies are moving to Swiss cantons, like […]

    / Mar 13, 2009 at 4:08 PM
  • News

    I’m Having A Hard Time Finding A Metric To Measure All This Déjà Vu

    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 to settle tax liens. Welcome to the big leagues, gang! Solis Nomination Vote Delayed After […]

    / Feb 5, 2009 at 4:56 PM
  • politics

    Meet John McCain’s Economic Brain: Phil Gramm

    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 writes, is that although neither of them know much about economics, “McCain has the good […]

    / Jun 30, 2008 at 8:35 AM
  • Hedge Funds

    City Council Wants To Tax Carried Interest

    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 Albany, but the council’s support makes it more likely to garner approval there, the New […]

    / Jun 23, 2008 at 11:21 AM
  • News

    DealBreaker’s Guide To Living: The Michael Lohan Component Is Essential

    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 $16 million, committed suicide in his jail cell on Saturday. Betty Honey, an investigator with […]

    / May 27, 2008 at 10:00 AM
  • News

    Baby Steps At UBS

    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, and demonstrating an extreme inability to take a joke. Or is it? Obviously that’s how […]

    / May 7, 2008 at 1:18 PM
  • Sovereign Wealth Funds

    Taxing Sovereign Wealth Funds

    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 wealth funds are exploiting. Fleischer gained attention last year when his paper about the tax […]

    / Mar 4, 2008 at 4:07 PM
  • continuing education, politics

    Taxes And Consequences: Barack Obama’s Tax Plan For Wall Street

    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 survey by the McClatchy news agency. Those numbers included $288,835 from Goldman Sachs, $242,395 from […]

    / Mar 4, 2008 at 8:37 AM

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