Anti-globalization http://www.globalpost.com/taxonomy/term/32630/all en Obama Treasury pick Lew defends Cayman Islands investment http://www.globalpost.com/dispatch/news/thomson-reuters/130213/obama-treasury-pick-lew-defends-cayman-islands-investment <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> Anti-globalization International taxation Jack Lew Offshore finance Thomson Reuters Wed, 13 Feb 2013 16:30:09 +0000 Thomson Reuters 5754723 at http://www.globalpost.com WRAPUP 3-U.S. Treasury pick seeks consensus on taxes, deflects Citi barbs http://www.globalpost.com/dispatch/news/thomson-reuters/130213/wrapup-2-lew-faces-grilling-citigroup-at-us-senate-hearing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Jack Lew expected to eventually win Senate backing</p> <p>* Lew: Citigroup bonus was in line with others in industry</p> <p>* Tax reform a focus; Lew shows appetite to tackle it</p> <p>By Anna Yukhananov and Rachelle Younglai</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/wrapup-2-lew-faces-grilling-citigroup-at-us-senate-hearing" target="_blank">read more</a></p> Anti-globalization Business Citigroup Council on Foreign Relations Entertainment Environment Health International taxation Jack Lew Jacob Lew Politics Politics of the United States Presidents of the United Nations Security Council Thomson Reuters Wed, 13 Feb 2013 16:30:27 +0000 Thomson Reuters 5754724 at http://www.globalpost.com Report raises concern over Europe's land-use footprint http://www.globalpost.com/dispatch/news/afp/130308/report-raises-concern-over-europes-land-use-footprint <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p>"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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130308/report-raises-concern-over-europes-land-use-footprint" target="_blank">read more</a></p> Anti-globalization Environmental issues Over-consumption AFP Fri, 08 Mar 2013 17:45:54 +0000 Agence France-Presse 5777398 at http://www.globalpost.com From feminists to pacifists, demo marks Tunis forum debut http://www.globalpost.com/dispatch/news/afp/130326/feminists-pacifists-demo-marks-tunis-forum-debut <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>"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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130326/feminists-pacifists-demo-marks-tunis-forum-debut" target="_blank">read more</a></p> Africa Anti-globalization Politics Social Issues Social philosophy AFP Tue, 26 Mar 2013 19:46:14 +0000 Agence France-Presse 5794634 at http://www.globalpost.com customs agency-shadow economy http://www.globalpost.com/dispatch/news/yonhap-news-agency/130327/customs-agency-shadow-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130327/customs-agency-shadow-economy" target="_blank">read more</a></p> Anti-globalization Business Finance Labor Law Yonhap News Agency Wed, 27 Mar 2013 08:31:19 +0000 Yonhap News Agency 5795061 at http://www.globalpost.com German finance minister says multinationals must pay fair taxes http://www.globalpost.com/dispatch/news/thomson-reuters/130718/german-finance-minister-says-multinationals-must-pay-fair-taxes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Gernot Heller</p> <p>BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble will push to stop multinational companies shifting profits to tax havens and is confident the Group of 20 nations meeting in Moscow this week will agree on common standards.</p> <p>Schaeuble told Reuters in an interview on Thursday an action plan to be presented to G20 finance ministers by the Organisation for Economic Co-operation and Development would set clear and ambitious targets on tax evasion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130718/german-finance-minister-says-multinationals-must-pay-fair-taxes" target="_blank">read more</a></p> Anti-globalization Finance International taxation Social Issues Technology Thomson Reuters Thu, 18 Jul 2013 11:32:54 +0000 Thomson Reuters 5887051 at http://www.globalpost.com Customs office uncovers over 1 tln won of illegal offshore foreign transactions http://www.globalpost.com/dispatch/news/yonhap-news-agency/131007/customs-office-uncovers-over-1-tln-won-illegal-offshore-fore <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEJONG, Oct. 7 (Yonhap) -- South Korea's customs agency said Monday that it has uncovered illegal currency transactions valued at more than 1 trillion won (US$933.7 million) taking place through offshore tax havens.</p> <p>The Korea Customs Service (KCS) launched an investigation into the outflow of wealth through illegal foreign currency transactions in June, in line with the government's stepped-up crackdown on offshore tax evasion and underground economic activities.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131007/customs-office-uncovers-over-1-tln-won-illegal-offshore-fore" target="_blank">read more</a></p> Anti-globalization Business Finance Technology Yonhap News Agency Mon, 07 Oct 2013 07:18:30 +0000 Yonhap News Agency 5953721 at http://www.globalpost.com UAE in initial accord with US to fight tax evasion http://www.globalpost.com/dispatch/news/afp/140610/uae-initial-accord-us-fight-tax-evasion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The UAE finance ministry said Tuesday it has reached an agreement in principle with the United States to cooperate with Washington in its fight against tax evasion.</p> <p>Starting from July 1, the US Foreign Account Tax Compliance Act (FATCA) will be implemented, and institutions in nearly 70 countries will work under its rules.</p> <p>The law demands that the foreign banks, investment houses and others provide information to US authorities on accounts held by US citizens and firms.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140610/uae-initial-accord-us-fight-tax-evasion" target="_blank">read more</a></p> Anti-globalization International taxation Politics Tax avoidance AFP Tue, 10 Jun 2014 17:19:00 +0000 Agence France-Presse 6172128 at http://www.globalpost.com