Tax evasion helps US corporations steal $180bn from the rest of the world every year
Nov12

Tax evasion helps US corporations steal $180bn from the rest of the world every year

A new study by top economists and experts found that tax avoidance and evasion translate into hundreds of billions of dollars in unpaid taxes every year, with the money ending up in the pockets of the world’s wealthiest people. The paper, ‘The Exorbitant Tax Privilege’, was co-written by Thomas Wright and University of California, Berkeley economist Gabriel Zucman, one of the world’s top authorities on tax havens. The research shows...

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Bank of England refuses to hand over Venezuela’s gold – report
Nov12

Bank of England refuses to hand over Venezuela’s gold – report

The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country over the UK regulator’s claim of growing uncertainty about Caracas’s intentions for the 14 tons of gold bars. British officials are insisting that measures aimed at preventing money-laundering are taken, The Times reports. The Venezuelan government is reportedly expected to provide a clarification about its plans...

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Israeli border guards arrested for ‘stripping & sexually harassing’ Palestinian women
Sep24

Israeli border guards arrested for ‘stripping & sexually harassing’ Palestinian women

A military court has extended the detention of two Israeli soldiers accused of forcibly stripping and sexually harassing Palestinian women, and of stealing money, at a checkpoint in the West Bank. One combat soldier and one security observer from the Military Police’s Border Crossings Unit are accused of violating orders and sexually harassing women during their searches at the Qalandiya checkpoint next to Ramallah. According to the...

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‘We didn’t hide behind any aircraft’: Israel insists its jets not to blame for downing Russian Il-20
Sep24

‘We didn’t hide behind any aircraft’: Israel insists its jets not to blame for downing Russian Il-20

Israel says its jets were not to blame for the downing of the Russian Il-20 during an air raid in Syria, and that Moscow has been presented with “thorough” evidence. This conflicts with a Russian military timeline of the incident. “The IAF (Israeli Air Force) did not hide behind any aircraft and… the Israeli aircraft were in Israeli airspace at the time of the downing of the Russian plane,” the IDF tweeted on Sunday. The...

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OPEC snubs Trump’s demand to up production at meeting of major oil producers
Sep24

OPEC snubs Trump’s demand to up production at meeting of major oil producers

A possible boost in oil production was not discussed at a recent meeting between OPEC and other major oil producing nations, following earlier demands by US President Donald Trump that oil output be increased to bring prices down. Hosted in Algiers, Sunday’s meeting was a gathering of the Joint Ministerial Monitoring Committee (JMMC) of members from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil...

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