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Leonardo Gottems

Timizzer Market News Eye: Nestle, Xerox, Wal-Mart, Kellog, Japan, UBS - 0 views

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    Timizzer Market News Eye: Nestle, Xerox, Wal-Mart, Kellog, Japan, UBS 24/04/2012 by Leonardo Gottems
peter schiffer

Deutsche Bank, JPMorgan, UBS Charged With Fraud in Italy - 0 views

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    Deutsche Bank, JPMorgan, UBS Charged With Fraud in Italy
peter schiffer

JPMorgan, Lehman, UBS Named as Conspirators - 0 views

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    JPMorgan, Lehman, UBS Named as Conspirators
Skeptical Debunker

Switzerland Keeping the Secrets of Alleged Tax Evaders - Yahoo! News - 0 views

  • Pick a dictator, almost any dictator - Cuba's Fulgencio Batista, the Philippines' Ferdinand Marcos, Haiti's Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa - and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association - of bank secrecy and crime - has been fed into the public's imagination by dozens of books and movies. It's a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy - one that happens to extend to tax privacy. Don't ask, because we won't tell. But the dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called 'gentlemen's sport' to tax evasion for the masses," says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.
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    The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.
Leonardo Gottems

Meet the winners of Brazil Startups Awards held by The Next Web - 0 views

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    [ ] Prominent tech website The Next Web held its Brazil Startups Awards on July in Sao Paulo. The contest had over 8,000 votes and 1,1137 startups nominated. A lot of prominent Brazilian startups were awarded … more
Leonardo Gottems

Reverse Trend in BRICS and Mexico: from emerging countries to developed markets - 0 views

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    [BRIC , Business , Markets ]   Over the past years, the assembly lines of most companies were building new plants and shifting its production to emerging countries, especially from the United States to China. Now, however, a reverse trend just … more Edit
spicesboard

natural ingredients - 0 views

shared by spicesboard on 10 Aug 15 - No Cached
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    Spices are special kind of natural products that offer not only great food/ culinary value in terms of aroma, taste, colour and so on, but also tremendous nutritive and therapeutic value because of their chemical composition.
furnituremover

Dubai movers - 0 views

shared by furnituremover on 27 Apr 17 - No Cached
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    We deal with every one of your prerequisites in house with a gifted and experienced staff as the main universal moving organizations in UAE
pvsrikanth1988

Uber Success Story | Travis Kalanick | Garrett Camp | Motivational Video | Startup Stor... - 0 views

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    Uber Success Story - Startup Stories brings you the success story of World's Biggest TAXI Network company started by Travis Kalanick and Garrett Camp.
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