Those shielding all of their wealth in Panama from local tax authorities were surprised by a massive leak. Here’s how it occurred: Panama tax papers: the taxonomy of the leak Source: The Economist
Source: Washington Post
The post U.S. Is One of World’s Biggest Tax Havens appeared first on The Big Picture.
In 1912, the U.S. Chamber of Commerce was created at the behest of President William Howard Taft as a business counterweight to the growing labor movement. To say it was a success is an understatement. While organized labor has languished, the Chamber has become the single largest lobbying organization in the country. According to Open…
The post US Chamber of Commerce No Longer Represents Business appeared first on The Big Picture.
With the new DOL regulations set to be released this week, its time to revisit the following by Pat Cleary of Alpha Architect: Top 10 Phrases from Bank Lobbyists and their Translation 1) This new standard will limit investors’ choice of retirement options. “This new standard will definitely limit my choice of yachts.” 2) Investors will “go it…
Great coverage on the Panama Papers from the team at McClatchy: A look inside how the wealthy and famous hide money. Video: The secret shell game explained SERIES Massive leak exposes dark world of shell corporations Mexican tycoon sought shelter for his millions Secret offshore money helps fuel Miami real estate boom Secret offshore…
A leak of some 11 mln documents from a law firm in the Central American nation has kicked off a global offshore tax hunt. Iceland’s prime minister is already under fire and other world leaders could…
click for updated table
The post Where States Have Legalized Marijuana appeared first on The Big Picture.
Click for the full list.
The post Supreme Court Nominees Considered in Election Years Are Usually Confirmed appeared first on The Big Picture.
Source: Bloomberg News Bad brokers don’t leave the business; they just move on to a different firm. That is one of the key findings of a study of broker misconduct by professors at the business schools of the University of Chicago and University of Minnesota. The study, titled “It Just Got Even Harder to…
Click for the full list back to Teddy Roosevelt.
Source: Washington Post
The post Time Spent Considering Supreme Court Nominees appeared first on The Big Picture.
FRONTLINE and The New York Times delve deep into the shadowy world of fantasy sports and online sports betting. With law enforcement cracking down, “The Fantasy Sports Gamble” traces the growth of these booming businesses and goes inside their operations at home and abroad. The Fantasy Sports Gamble Source: NYT
I have been following a bizarre and interesting story during the past six months. It involves intrigue, ethical conflicts and potentially enormous sums of money. It first came to my attention last September when a Reuters story reported that Vanguard could be forced to raise fees to cover unpaid taxes. It was a little too…
The post A Dubious Lawyer’s Dubious Tax Claims Against Vanguard appeared first on The Big Picture.
The post Recent SEC Actions Charging Dark Pools appeared first on The Big Picture.
We made an exciting announcement this week regarding the latest addition at RWM. I wanted to expand on what Josh wrote, and what we are hoping to accomplish with this new offering. When it comes to saving for retirement, teachers at public and private schools (K-12) and colleges find themselves in a very unique situation. What…Read More
When four outsiders saw what the big banks, media and government refused to, the global collapse of the economy, they had an idea: The Big Short. Their bold investment leads them into the dark underbelly of modern banking where they must question everyone and everything. Based on the true story and best-selling book by Michael…Read More
Suing en masse is now allowed in Britain so long as losers pay winners’ fees. That and other rules may limit the perceived excesses of U.S.-style group suits, but could also make worthy cases too…
Source: In Arbitration, a ‘Privatization of the Justice System’