Tulsa Man Pleads Guilty to Payroll Tax Fraud

A computer software development company owner pleaded guilty today to failing to account for and pay over employment taxes withheld from his employees’ wages announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney R. Trent Shores for the Northern District of Oklahoma.  Please follow and like … Read moreTulsa Man Pleads Guilty to Payroll Tax Fraud

Texas Man Pleads Guilty to Attempting to Provide Material Support to ISIS

A 20-year-old U.S. citizen from Houston, Texas, has entered a guilty plea to attempting to provide material support to the Islamic State of Iraq and al-Sham (ISIS), a designated foreign terrorist organization. Assistant Attorney General for National Security John C. Demers and U.S. Attorney Ryan K. Patrick for the Southern District of Texas made the … Read moreTexas Man Pleads Guilty to Attempting to Provide Material Support to ISIS

When Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

The more extreme the speculative euphoria, the greater the risks of a reversal. One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge) When every asset from bat guano to quatloos is … Read moreWhen Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

Nearly 4,000 cos set to gain from corp tax reduction

The move to reduce the corporation tax rate to 25% will benefit around 4,000 companies with the Centre expected to forego Rs 3,000 cr revenue annually. Officials, however, indicated that there was little headroom to reduce the corporate tax rate for all companies given that a one percentage point reduction in rates results in a … Read moreNearly 4,000 cos set to gain from corp tax reduction

NZ’s plan for deposit insurance falls well short of protecting people’s savings

From The Conversation. The New Zealand government’s plan to introduce deposit insurance is a welcome step. Last week, finance minister Grant Robertson announced a new deposit protection regime to make the banking system safer for customers and to strengthen accountability for banks’ actions. Worldwide, 143 countries have deposit insurance schemes, and New Zealand has long … Read moreNZ’s plan for deposit insurance falls well short of protecting people’s savings

Gigantic Wealth Transfer Coming – Gregory Mannarino

By Greg Hunter’s USAWatchdog.com (Early Sunday Release) The IMF calls Deutsche Bank (DB) the most “systemically dangerous” financial instruction in the world. So, when a major announcement about DB cutting stock trading around the world happens over the weekend, some think danger is popping up in the global financial sector again. Greg Mannarino, founder of … Read moreGigantic Wealth Transfer Coming – Gregory Mannarino

Mystery of India’s vanishing players in US and other foreign shores

Chandigarh, July 7 (IANS) It’s a game of sportspersons from Punjab being sent abroad illegally for economic reasons by dubious sports bodies. These sports federations are, in fact, selling dollar dreams to Punjabis, say experts. Police officials admit it is a multi-million-dollar ingenious migration racket being run as there is no mechanism to keep a close … Read moreMystery of India’s vanishing players in US and other foreign shores

1.75L entities withdrew over R 1cr each from bank A/cs in 1 yr

Over 1.75 lakh entities withdrew more than Rs 1 crore each from their bank accounts in 2017-18, adding up to Rs 11 lakh crore, data revealed. ​Sources said the data threw up instances when money was mostly used for illicit purposes. ​Through the proposed 2% tax deduction at source, the government hopes to improve tracking … Read more1.75L entities withdrew over R 1cr each from bank A/cs in 1 yr

Deutsche Bank to cut 18,000 jobs in 7.4 bln euro overhaul

Deutsche Bank plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender. The bank will scrap its global equities business and scale back its investment bank. It expects a 2.8 billion euro ($3.1 billion) net loss in the second quarter as a result of restructuring … Read moreDeutsche Bank to cut 18,000 jobs in 7.4 bln euro overhaul

Saudi carrier flyadeal ditches grounded Boeing MAX for Airbus

Saudi budget carrier flyadeal has withdrawn a provisional order for Boeing’s grounded 737 MAX jets, the US plane maker said on Sunday, as the airline confirmed a new order for Airbus A320 aircraft. In a statement, flyadeal separately announced a “significant growth to its fleet, with an order for 30 A320 NEO aircraft, and options … Read moreSaudi carrier flyadeal ditches grounded Boeing MAX for Airbus

Indian-American motel owner thought she wouldn’t survive massive California earthquake

Los Angeles, July 7 (IANS & Staff) As officials continue to assess the damages caused by a magnitude 7.1 earthquake that rocked Southern California, an Indian-American owner of a Super 8 motel in Ridgecrest city told CNN she thought the roof would collapse on her and her guests. She feared they would not survive the quake. … Read moreIndian-American motel owner thought she wouldn’t survive massive California earthquake