Politcs? Ethics? Rules? Cheating?
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TD staff knew about $1.2B Ponzi scheme: U.S. judge | Canada | News | National Post

TD staff knew about $1.2B Ponzi scheme: U.S. judge | Canada | News | National Post | Politcs? Ethics? Rules? Cheating? | Scoop.it
A U.S.judge has condemned Toronto-Dominion Bank for having an “unreasonable” fraud alert system, and declared that bank staff knew about a $1.2-billion Ponzi scheme using the bank’s facilities before it unravelled...
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Politcs? Ethics? Rules? Cheating?
If everyone in the Business, Economic and Political world would play by the rules and be ethical - what kind of world would we have?
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Trump administration moves to take away overtime pay from workers

Once again, the Trump administration is weighing in against working people getting raises. The Department of Justice today filed a motion to dismiss its appeal of a preliminary injunction against the Obama administration’s overtime rule, quietly siding with business groups and state attorneys general who challenged the updated rule because they do not want millions of working people to earn overtime pay or spend more time with their families.
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Iranian elite cite 'good genes' in nepotism controversy | Middle East | 

Iranian elite cite 'good genes' in nepotism controversy | Middle East |  | Politcs? Ethics? Rules? Cheating? | Scoop.it
It seems to be an unwritten rule that Iranian politicians are entitled to help their children find high-paying jobs. One politician's son recently put his success down to "good genes" - sparking backlash on social media.
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Interpol: Who polices the world's police? | World | DW

Interpol: Who polices the world's police? | World | DW | Politcs? Ethics? Rules? Cheating? | Scoop.it
The controversial arrest of German author Dogan Akhanli by Spanish authorities on an Interpol warrant issued by Turkey has triggered questions about the international policing agency's modus operandi.
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300 Women Just Came Forward About Their Harassment in Tech

300 Women Just Came Forward About Their Harassment in Tech | Politcs? Ethics? Rules? Cheating? | Scoop.it
This is the story that isn’t being told, but needs to be. Women are being harassed in the tech sector at an alarming rate, and it isn’t being reported. The stories that have been told by the media…
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France, Germany plan tax crackdown on U.S. tech giants

France, Germany plan tax crackdown on U.S. tech giants | Politcs? Ethics? Rules? Cheating? | Scoop.it
France is working with Germany and other partners to plug loopholes that have allowed U.S. tech giants like Google, Apple, Facebook and Amazon.com to minimize taxes and grab market share in Europe at the expense of the continent’s own companies.
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Dieselgate: the cozy ties between Germany's car industry and Berlin exposed

Dieselgate: the cozy ties between Germany's car industry and Berlin exposed | Politcs? Ethics? Rules? Cheating? | Scoop.it
Even in the quiet summer months, Dieselgate and whispers of industry collusion loom large. Critics say Berlin should end its close friendship with carmakers. Both sides are currently holding a much-anticipated summit.
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British American Tobacco investigated by Serious Fraud Office - BBC News

British American Tobacco investigated by Serious Fraud Office - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
UK tobacco firm British American Tobacco (BAT) says it is under official investigation by the Serious Fraud Office (SFO) over allegations it paid bribes in East Africa.
The allegations were first made in a BBC Panorama programme in 2015.
BAT said that it had been investigating the claims through external legal advisers and it had been co-operating with the SFO.
The firm said it also intended to co-operate with this formal investigation.
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Diesel emissions kill. What is the car industry going to do about it? | DW Environment |

Diesel emissions kill. What is the car industry going to do about it? | DW Environment | | Politcs? Ethics? Rules? Cheating? | Scoop.it
A 1,500-euro ($1,750) fix could save thousands of lives - but carmakers are unwilling to pay. Should the auto industry pick up the bill for its own mess?
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Heinz in court over 'healthy' toddlers' snack Shredz - BBC News

Heinz in court over 'healthy' toddlers' snack Shredz - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
Heinz has been taken to court in Australia after a watchdog said it falsely marketed a children's food as healthy.
The lawsuit concerns Shredz, a snack made from fruit juice concentrate and pastes.
Heinz, which denies the allegations, says the bars have "a similar nutrition profile to sultanas".
But the Australian Competition and Consumer Commission (ACCC) says they should be treated like confectionary.
It claims the snack, aimed at toddlers, contains more than 60% sugar.
The product is no longer on the market, but came in three flavours - "peach apple and veg", "berries apple and veg", and "strawberry and apple with chia seeds".
The packaging stated it was "99% fruit and veg" and featured a selection of fruits prominently on the front.
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A primer on gerrymandering and political polarization | Brookings Institution

A primer on gerrymandering and political polarization | Brookings Institution | Politcs? Ethics? Rules? Cheating? | Scoop.it

"The U.S. Supreme Court recently announced that it will hear a Wisconsin case on political gerrymandering, the practice of drawing legislative boundaries that favors one political party (the one in charge of drawing the lines) in elections. The case will focus not on questions of racial bias, which was at issue in a May Supreme Court ruling on two North Carolina congressional districts, but on partisanship and unequal representation. The most recent Supreme Court ruling in a political redistricting case occurred in 2004, in Vieth v. Jubelirer."

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Corruption beyond Brazil: Where the ‘Car Wash’ scandal has splashed across Latin America

Corruption beyond Brazil: Where the ‘Car Wash’ scandal has splashed across Latin America | Politcs? Ethics? Rules? Cheating? | Scoop.it
The Lava Jato investigation has engulfed Brazil’s political class, and it centres on contentious contracts by construction giant Odebrecht that span across the continent. Stephanie Nolen maps out how it’s affected their business, which national leaders have been implicated and what’s at stake
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Germany fears huge losses in massive tax scandal - BBC News

Germany fears huge losses in massive tax scandal - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
It is reckoned to be the biggest tax scandal in German post-war history.
An international group of bankers, lawyers and stockbrokers - reportedly with links to the City of London - appears to have fiddled the tax system, employing practices which were at best unethical, at worst illegal.
Ultimately they may have deprived the state of nearly €32bn (£28bn; $36bn). As the German broadcaster ARD wryly noted, that would have paid for repairs to a lot of schools and bridges.
The newspaper Die Zeit adds that the sum would more than cover the cost of the refugee influx for a year.
Prosecutors have been investigating for some time. And gradually it is emerging that large-scale tax avoidance was taking place right under the noses of the authorities.
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Is Tax Avoidance Immoral? A Catholic Lay Perspective

Is Tax Avoidance Immoral? A Catholic Lay Perspective | Politcs? Ethics? Rules? Cheating? | Scoop.it
My friend and UCLA colleague Steven Bank is presenting a very interesting paper tomorrow at a faculty colloquium, entitled When Did Tax Avoidance Become Respectable? Abstract: No matter how many tax scandals are revealed in the media – and there have been many in the past year, involving a diverse set of taxpayers ranging from Donald Trump to Apple – what is most remarkable is that, by and large, the public has considered them relatively non-scandalous. This was not always the case. During the 1930s, even the most innocuous tax avoidance maneuvers, such as buying tax-exempt bonds, were attacke

Via Victoria Schievert
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Brexit Follies

Brexit Follies | Politcs? Ethics? Rules? Cheating? | Scoop.it
The British public is coming to realise as the Brexit negotiations unfold that the entire referendum campaign was misleading. It was a deliberate attempt by the Brexit camp to manipulate mendaciously — by repeating a series of untruths — popular understanding of what the UK’s relationship with the EU is about.

The economic case for Brexit is based on false, damagingly nationalistic presumptions and premises. Contrary to what Brexiteers suggest, there is no best way to maximise the economic benefits of leaving. Brexit is a ‘lose-lose’ proposition for Britain and the EU, when seen from any perspective, other than the rose-tinted one of reviving the UK’s much-vaunted (but illusory) genius for independent economic success through freer trade.
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RBS accused of mistreating businesses in leaked report - BBC News

RBS accused of mistreating businesses in leaked report - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
The RBS department set up to help companies in trouble mistreated many of its clients, a leaked report for the Financial Conduct Authority says.
It found some "inappropriate action" - such as interest charges being raised or unnecessary fees added - was experienced by 92% of viable firms seen by RBS's Global Restructuring Group.
GRG operated from 2005 to 2013 and at its peak handled 16,000 companies.
The banking giant denies systematic abuse of its customers.
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Norway's climate hypocrisy: Clean at home, dirty in the Arctic | DW Environment |

Norway's climate hypocrisy: Clean at home, dirty in the Arctic | DW Environment | | Politcs? Ethics? Rules? Cheating? | Scoop.it
Norway trumpets its low carbon footprint, but a new report says plans to ramp up oil and gas production in the Arctic will increase its emissions by half again - making a mockery of its Paris Agreement promises.
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People Shouldn't Buy the Right to Steal Your Land

People Shouldn't Buy the Right to Steal Your Land | Politcs? Ethics? Rules? Cheating? | Scoop.it

"They have seen this monster before.


LINCOLN, NEBRASKA—The involvement of the indigenous populations in both the United States and Canada in the opposition to various pipelines, including the Keystone XL, should come as no surprise. As we have said, the abuse and misuse of the eminent domain process in the construction of the pipeline here has been an effective organizing tool to bring together environmentalists and ranchers to oppose the project. And if it is nothing else, the history of the native peoples on this continent is the greatest example of eminent domain abuse in human history. They know better than anyone the feeling that greater forces from the outside can overwhelm and threaten long-standing ways of life."

 
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Dishonorable Behavior

Dishonorable Behavior | Politcs? Ethics? Rules? Cheating? | Scoop.it
“Crisis,” “cancer,” “silent epidemic,” “stain [on] our force’s honor”—these are among the ways senior Department of Defense officials over the past several years have described the incidence of sexual assault against women and men in the armed forces of the United States. Almost everyone thinks sexual assault in the military is a problem—and thinks about it as a problem linked to the presence of women in uniform, even though men are also victimized. Some Americans, however, including the current commander in chief, apparently believe it to be an inevitability. In the spring of 2013, when DOD leaders testified before Congress as it searched for solutions, Donald Trump tweeted: “26,000 unreported sexual assults [sic] in the military-only 238 convictions. What did these geniuses expect when they put men & women together?”
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U.S. Citizen Who Was Held By ICE For 3 Years Denied Compensation By Appeals Court

U.S. Citizen Who Was Held By ICE For 3 Years Denied Compensation By Appeals Court | Politcs? Ethics? Rules? Cheating? | Scoop.it
On Monday, an appeals court ruled that Watson, now 32, is not eligible for any of that money — because while his case is "disturbing," the statute of limitations actually expired while he was still in ICE custody without a lawyer.

The 2nd U.S. Circuit Court of Appeals acknowledged that the ruling is "harsh" but said it was bound by precedent.
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How much of the world's wealth is hidden offshore? - BBC News

How much of the world's wealth is hidden offshore? - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
Would you like to pay less tax? Make a sandwich: specifically, a "double Irish, Dutch sandwich".
Suppose you're American. You set up a company in Bermuda and sell it your intellectual property. It then sets up a subsidiary in Ireland.
Now, set up another company in Ireland: it bills your European operations for amounts resembling their profits. Now, start a company in the Netherlands.
Have your second Irish company send money to your Dutch company, which immediately sends it back to your first Irish company. You know, the one headquartered in Bermuda.
Are you bored and confused yet? If so, that's part of the point.
Tax havens depend on making it, at best, very difficult to get your head around financial flows, and, at worst, impossible to find out any facts.
Accounting techniques that make your brain hurt enable multinationals such as Google, eBay and Ikea to minimise their tax bills - completely legally.
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Opinion: Cartel of cheats | Business | DW | 

Opinion: Cartel of cheats | Business | DW |  | Politcs? Ethics? Rules? Cheating? | Scoop.it
VW's emissions-cheating scandal pales beside what's rocking the whole German car industry right now. The latest accusations concerning collusion among all major automakers come as a deep shock, says DW's Henrik Böhme.
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The EU’s Mafia State

The EU’s Mafia State | Politcs? Ethics? Rules? Cheating? | Scoop.it
Following the collapse of communism, many of us in Central and Eastern Europe had hoped that the region would steadily move toward liberal democracy, and that any obstacles en route to that goal could be overcome. But in many former communist countries, older systems of patronage and corruption have survived, and taken new forms. What we thought was a transitional phase has become a permanent state of affairs.

Consider Hungary, which has become a mafia state during the seven years of Viktor Orbán’s rule as prime minister. Hungary is unique in that it moved toward liberal democracy and joined the European Union before changing course and heading toward autocracy. The rest of the region’s mafia states, such as Russia, Azerbaijan, and other Central Asian former Soviet republics, either passed through a period of oligarchic flux, or took a direct path from communist dictatorship to criminal enterprise.
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How Amazon's Accounting Makes Rich People's Income Invisible - Evonomics

How Amazon's Accounting Makes Rich People's Income Invisible - Evonomics | Politcs? Ethics? Rules? Cheating? | Scoop.it
Image you’re Jeff Bezos, circa 1998. You’re building a company (Amazon) that stands to make you and your compatriots vastly rich.

But looking forward, you see a problem: if your company makes profits, it will have to pay taxes on them. (At least nominally, in theory, 35%!) Then you and your investors will have to pay taxes on them again when they’re distributed to you as dividends. (Though yes, at a far lower 20% rate than what high earners pay on earned income.) Add those two up over many years, and you’re talking tens, hundreds of billions of dollars in taxes.

You’re a very smart guy. How are you going to avoid that?
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The French are demanding change in the face of corruption

The French are demanding change in the face of corruption | Politcs? Ethics? Rules? Cheating? | Scoop.it
The first law that will be introduced under Emmanuel Macron, the new President of the French Republic, will be about ethics in public life. The bill is currently being drafted, so that it can be adopted in the next few weeks by the future parliament. It shows just how much this issue struck a chord with public opinion during a particularly bitter presidential campaign. It continues to be the focus of attention in the run-up to the legislative elections on 11 and 18 June.
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Brazil meat-packing giant JBS to pay record $3.2bn corruption fine - BBC News

Brazil meat-packing giant JBS to pay record $3.2bn corruption fine - BBC News | Politcs? Ethics? Rules? Cheating? | Scoop.it
The controlling shareholder of the world's largest meat-packing company, JBS, has agreed to pay a record 10.3bn real ($3.2bn; £2.4bn) fine for its role in Brazil's corruption scandals.
J&F Investimentos will pay under a leniency deal in two corruption investigations.
The payments will start in December and J&F will have 25 years to make them, prosecutors say.
The fine beats the $2.6bn paid by Brazilian building firm Odebrecht.
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