Companies can soon make statutory provident fund contributions to the Employees’ Provident Fund Organisation via private sector banks. A Labour Ministry notification dated January 4 … Centre allows PF contribution via private banksRead more
Economics
Posted inEconomics / Tax / ToMl
Corporate tax-dodging in Australia costs billions
Two reports on company taxation show that more than a third of the largest companies operating in Australia paid no tax in 2014–15 and that … Corporate tax-dodging in Australia costs billionsRead more
Posted inEconomics / Inequality / News / Worker
Historic CEO Pay Tax Passes in Portland
The city council in Portland, Oregon, adopted a new local tax rule on December 7 that sets a landmark precedent for cracking down on excessive … Historic CEO Pay Tax Passes in PortlandRead more
Posted inDebt / Economics / Politics / ToMl / USA Empire
Bankers Who Created Puerto Rico’s Debt Crisis Now In Charge of Fixing It
Teresa Casertano talking: “Pirates of the Caribbean,” the pirates in this story effectively are the Santander executives that Juan mentioned, José Ramón González and Carlos … Bankers Who Created Puerto Rico’s Debt Crisis Now In Charge of Fixing ItRead more
Posted inCorruption / Economics / News
IMF Chief Lagarde Found Guilty in French Tycoon Payout Trial
French judges on Monday found IMF chief Christine Lagarde guilty of negligence for failing to challenge a US$417 million state arbitration payout to a business … IMF Chief Lagarde Found Guilty in French Tycoon Payout TrialRead more
Posted inEconomics / Tax / ToMl
World’s worst corporate tax havens exposed
Bermuda, the Netherlands, Ireland and Luxembourg are among the world’s 15 worst corporate tax havens, according to new Oxfam research published today. The report ‘Tax … World’s worst corporate tax havens exposedRead more
Posted inEconomics / ToMl
Innocuous Proclaimations
Michael Hudson: I’m Michael Hudson. I’m a professor of economics at the University of Missouri, Kansas City and Peking University. My focus is on the … Innocuous ProclaimationsRead more
Posted inEconomics / News
Finland Becomes First Country to Provide Citizens Basic Income
Finland kicked off its basic income program Monday, giving US$587 per month to 2,000 of its citizens, an amount that — if extended to the … Finland Becomes First Country to Provide Citizens Basic IncomeRead more
Posted inCapitalism / Economics / Politics / ToMl
Capitalism vs. Socialism: A Changed Debate
Once again, private capitalism’s contradictions, flaws and weaknesses threaten its own existence. Two major global collapses — first in the 1930s and more recently, since … Capitalism vs. Socialism: A Changed DebateRead more