WORLD


Aninda Dey (The Leaflet) 09 October 2021
The Pandora Papers show how several rich and powerful Indians, including tax defaulters and corporate entities, form offshore Trusts and companies by exploiting loopholes in our tax laws, park their money and buy assets in tax sanctuaries while the ordinary citizen shudders at the prospect of...

Read More



Stephen Engelberg (ProPublica) 07 October 2021
This story was originally published by ProPublica.   When ProPublica compared the richest Americans’ wealth gains to the taxes they paid, we found a system that benefits billionaires. White House economists recently used a similar method to calculate tax rates, revealing stark...

Read More



Nikhila Natarajan (IANS) 06 October 2021
In more than three hours of riveting testimony, a former Facebook employee tore into the now embattled social networking giant, blaming its "metrics" driven culture for hurting children, fueling hate and walking away from ethical considerations because profits come first.   Frances...

Read More



Saket Hishikar Saket Hishikar 01 October 2021
The news of China’s Evergrande group on the brink of default halted the euphoric markets for a day or two in the past week. Amidst conflicting news of a possible deal, markets forgot the situation is far from over and scaled new heights. With over $300 billion in debt, the largest...

Read More



Sanjeev Sharma (IANS) 29 September 2021
Forty-two countries now have levels of public debt exposure to China in excess of 10 per cent of GDP.   AidData, an international development research lab based at William & Mary's Global Research Institute, today released a trove of new findings about China's secretive overseas...

Read More



IANS 29 September 2021
China has now started rolling blackouts in Beijing and Shanghai, metropolises home to 48 million people, as the country struggles with crippling power shortages that have hit key factories in a further threat to the economy, Nikkei reported.   The Beijing office of State Grid Corp. of...

Read More



Jeff Ernsthausen, James Bandler, Justin Elliott  and   Patricia Callahan (ProPublica) 29 September 2021
This story was originally published by ProPublica.   Secret IRS records show billionaires use trusts that let them pass fortunes to their heirs without paying estate tax. Will Congress end a tax shelter that has cost the Treasury untold billions?   It’s well known, at least...

Read More



Tim Golden  and   Sebastian Rotella (ProPublica) 14 September 2021
This story was originally published by ProPublica.   A long-suppressed FBI report on Saudi Arabia’s connections to the 9/11 plot has revealed that Saudi religious officials stationed in the United States had more significant connections to two of the hijackers than has been previously...

Read More



Peter Elkind, Jack Gillum  and   Craig Silverman (ProPublica) 07 September 2021
This story was originally published by ProPublica.   WhatsApp assures users that no one can see their messages — but the company has an extensive monitoring operation and regularly shares personal information with prosecutors.   When Mark Zuckerburg unveiled a new...

Read More



IANS 03 September 2021
Facebook-owned WhatsApp has been fined 225 million euros ($267 million) for breaking the European Union's (EU) data privacy rules.   According to The Verge, Ireland's Data Protection Commission (DPC) announced the decision in an 89-page summary, noting that WhatsApp did not properly...

Read More



IANS 01 September 2021
Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike in food prices.   Authorities say they will take control of the supply of basic food items, including rice and sugar, and set prices in an attempt to...

Read More



Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.   According to the credit ratings agency, G-20 economies are expected to grow by 6.2 per cent as a whole...

Read More



Jenny Deam  and   Bianca Fortis (ProPublica) 30 August 2021
A May 1 decision by the US Centers for Disease Control and Prevention (CDC) to only track breakthrough infections that lead to hospitalization or death has left the nation with a muddled understanding of COVID-19’s impact on the vaccinated.   Meggan Ingram was fully vaccinated when...

Read More



Megan Rose (ProPublica) 25 August 2021
The chaotic collapse of the Afghan military in recent months made starkly clear that the $83 billion U.S. taxpayers spent to create and fund those security forces achieved little. But a new report this week by the Special Inspector General for Afghanistan Reconstruction also reveals the...

Read More



Justin Elliott  and   Robert Faturechi (ProPublica) 12 August 2021
Billionaire business owners deployed lobbyists to make sure Trump’s 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed.   In November 2017, with the administration of President Donald Trump rushing to get a massive tax overhaul...

Read More



Cezary Podkul (ProPublica) 30 July 2021
Bots filing bogus applications in bulk, teams of fraudsters in foreign countries making phony claims, online forums peddling how-to advice on identity theft: Inside the infrastructure of perhaps the largest fraud wave in history.   A Bronx man allegedly received $1.5 million in just...

Read More



Paul Kiel, Jeff Ernsthausen  and   Jesse Eisinger (ProPublica) 26 July 2021
A new ProPublica analysis of a trove of IRS documents revealed that the richest 25 Americans pay a tiny fraction of their wealth in taxes. But even if you use the most conventional yardstick — income — the wealthiest still pay low rates.   The very richest Americans win at the tax...

Read More



A fourth wave of the Covid-19 pandemic has hit France which is spreading at "lightning" speed, government spokesman Gabriel Attal said and also announced tougher sanctions on non-compliance with the health pass rules.   "We are seeing a wave faster than all the previous ones," Attal...

Read More



Robert Faturechi, Justin Elliott  and   Ellis Simani (ProPublica) 13 July 2021
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.   At a concession stand at Staples...

Read More



Justin Elliott, Patricia Callahan  and   James Bandler (ProPublica) 29 June 2021
Roth IRAs were intended to help average working Americans save, but IRS records show Peter Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.   Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a...

Read More

Free Helpline
Legal Credit
Feedback