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customs agency-shadow economy

March 27, 2013 04:31
SEJONG, March 27 (Yonhap) -- South Korea's customs agency said Wednesday that it will beef up its monitoring of business activities underway in the underground economy to help raise more tax revenue for the new government in need of money to finance its campaign promises for expanded welfare programs. To that end, the Korea Customs Service (KCS) said that it will launch a task force in charge of monitoring the underground economy and increase the overall workforce to help in efforts to better regularize the area where many illegal business activities are taking place.

From feminists to pacifists, demo marks Tunis forum debut

March 26, 2013 15:46
"Down with dictatorship, down with capital!" and "Solidarity with women around the world!" rang the chants of thousands marking the opening in Tunis Tuesday of the World Social Forum, an alternative to the elite annual event in Davos. Anarchists, ecologists, pacifists and trade unionists rubbed shoulders with Sahrawi independence activists, veiled women and Arabs in traditional jellabas as they marched through the heart of the capital at the start of the anti-globalisation event being held in an Arab country for the first time.

Report raises concern over Europe's land-use footprint

March 8, 2013 13:45
Imports to meet Europe's ever-growing food demand require it using land beyond its borders roughly the size of Scandinavia, according to a new study that urges belt-tightening. China, Brazil, Argentina, India and the United States are the main land hosts for European consumption, but poorer nations like Ivory Coast, Kazakhstan and Ghana also contribute, said the report by campaigners Friends of the Earth Europe. "The EU is importing the equivalent of 1,212,050 square kilometres (about 0.5 million square miles) to meet its demand for food," it said.

WRAPUP 3-U.S. Treasury pick seeks consensus on taxes, deflects Citi barbs

February 13, 2013 12:30
* Jack Lew expected to eventually win Senate backing * Lew: Citigroup bonus was in line with others in industry * Tax reform a focus; Lew shows appetite to tackle it By Anna Yukhananov and Rachelle Younglai WASHINGTON, Feb 13 (Reuters) - Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, on Wednesday fended off criticism about his financial experience and tried to find common ground on tax reform with lawmakers considering his nomination.

Obama Treasury pick Lew defends Cayman Islands investment

February 13, 2013 12:30
WASHINGTON, Feb 13 (Reuters) - Jack Lew, President Barack Obama's Treasury secretary nominee, defended his decision to invest in a fund that was registered in the Cayman Islands, saying on Wednesday that he was not aware it was located in the tax haven when he made the investment. Lew said he eventually sold his position in the Citigroup venture capital fund at a loss and did not receive any tax benefit. Lew was testifying before the Senate Finance Committee, which is in charge of vetting him to serve as Treasury secretary.
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