Tax Havens

Are you familiar with tax havens? A tax haven is a location were there are certain taxes levied at low rates or not at all. These locations can be a country, state, city, or territory and along with the lower rate of certain taxes they offer due process, low corruptions, and respectable governance. Many people and corporations will be enticed to move their operations to these locations that offer little to no taxes. Of course this fact leads to governments being forced into competing in taxes. The various locations are not all havens for the same types of taxes though. The types of taxes required will depend on the classifications of the people or corporation….

Economic Conditions in the World

I stumbled upon this infographic while doing some research for a blog post I planned on writing later this week. I thought it was really informative and contained some interesting facts. It’s interesting to see in a snap shot how American compare to other countries. It’s no surprise that we are the biggest workaholics. We work more hours than any other country ,and yet, we get 0 mandatory vacation days. Personally, I’d love to move to France. The economy is in decent shape, they retire young, and get lots of vacations. I think I’ll be spending the next few days researching on how to move to France!

Mexican Bribing Scheme Leaves No One At Fault

Tyson Foods, Inc. has over 123 food processing plants where it manufactures animal meat products and other processed animal product varieties. In 2004, a plant manager in Mexico noticed that two women had been getting paid 30,700 pesos, about $2700 per month, according to plant financial records, and they had been receiving this money for years. The manager claimed that they had “most definitely” not worked for Tyson Foods. When it turned out that these women were the wives of veterinarians employed to track and monitor animal health in compliance with high standards and regulations, the picture became more clear. It was even acknowledged in an executives meeting that these payments were obviously bribes and…

US Releases Oil Reserves to Offset Libyan Halt

Recent political turmoil, much like a home security burglar alarm halting a robber, in Libya has halted its oil export, hurting key trade partners who received a large portion of their crude reserves from Libya and Yemen, like Italy, France, Germany and Spain. In response to growing concern of increase in oil prices, the US and 27 of its allies are pooling together some 60 million barrels, a relatively small amount when you consider that it only accounts for 2/3 of a single day’s oil consumption, to be released over the next thirty days. The US will provide about half of that amount, with the rest coming from its 27 allies. While trumpeted as being…