Terry Lutes

261 Flips | 10 Magazines | 11 Likes | 5 Following | 2 Followers | @tlutes49 | Keep up with Terry Lutes on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Terry Lutes”

The bark IS the bite, but ..: Why tax haven blacklists are not the answer

The OECD has been working on criteria for a tax haven blacklist. At the request of the G20 Finance Ministers, this has been a work in progress since …

Taxes

America’s White Collar Middle Class Takes a Terrifying Slide Down the Mobility Ladder

It wasn’t supposed to be like this.<p>The children of America’s white-collar middle class viewed life from their green lawns and tidy urban flats as a …

Middle-class

The path to autocracy is all too familiar

How do democratic countries get to the point where they give up on self-rule? Under what circumstances do demagogues capture large audiences through irrational, emotional appeals unmoored from fact, logic or morality? When do politicians responsible for maintaining a democratic system surrender to …

Political Science

The Quislings of American Collapse – Eudaimonia and Co

Check out the jaw-dropping picture above — which by now you might have seen. Now think about Senators travelling constantly to Moscow for reasons …

Patriarchal

Frank Rich: In 2008, America Stopped Believing in the American Dream

If you were standing in the smoldering ashes of 9/11 trying to peer into the future, you might have been overjoyed to discover this happy snapshot of …

Political Science

We Are Still Living in the Ruins of the 2008 Crash

<b>Sometimes you don’t know</b> how deep the hole is until you try to fill it. In 2009, staring down what looked to anyone with a calculator like the …

Economics

China Is Cheating at a Rigged Game

A new attitude toward China is rapidly taking shape across the U.S. political spectrum. Sen. Bernie Sanders (I-Vt.) echoes President Donald Trump’s …

Economics

When Bots Teach Themselves to Cheat

Once upon a time, a bot deep in a game of tic-tac-toe figured out that making improbable moves caused its bot opponent to crash. Smart. Also …

Artificial Intelligence

Climate Researchers Warn Only Hope For Humanity Now Lies In Possibility They Making All Of This Up

GENEVA—Saying the time to act has come and gone, a group of researchers from the U.N. Intergovernmental Panel on Climate Change warned Tuesday that …

Climate Change

California fire explodes in size, is now largest in state history

<b>(CNN) —</b> Catastrophic wildfires continue to ravage California, as one blaze nearly doubled in size over the last three days, making it the largest in the state's history.<p>No one has been injured in the Mendocino Complex Fire, which consists of two fires -- the Ranch Fire and the River Fire -- burning …

California

Earth at risk of becoming 'hothouse' if tipping point reached, report warns

<b>(CNN) —</b> Scientists are warning that a domino effect will kick in if global temperatures rise more than 2°C above pre-industrial levels, leading to "hothouse" conditions and higher sea levels, making some areas on Earth uninhabitable.<p>The report, "Trajectories of the Earth System in the …

Climate Change

Deliberately created secrecy is still facilitating financial abuse

The Tax Justice Network Financial Secrecy Index was published this evening. As is said on the FSI site:The Financial Secrecy Index ranks …

Financial Services

Corruption in FBR to be a major challenge for PTI government

<b>ISLAMABAD:</b> Ending corruption within the Federal Board of Revenue (FBR) will be a gigantic task for Pakistan Tehreek Insaf (PTI) government as the tax …

India

Making history: an end to anonymous companies in the UK’s Overseas Territories

The UK Parliament today has taken a significant step toward global tax transparency – by imposing public registers of beneficial ownership of …

Why Amartya Sen Remains the Century’s Great Critic of Capitalism

Critiques of capitalism come in two varieties. First, there is the moral or spiritual critique. This critique rejects <i>Homo economicus</i> as the …

Universal Basic Income

Fascism and the Denial of Truth: What Henry Wallace Can Teach Us About Trump

Over 70 years after it was written, Henry Wallace’s essay offers relevant insights into the rise of autocracy in the US. (Photo: Wikipedia)<p>What is a …

Tax Haven Mauritius’ Rise Comes At The Rest of Africa’s Expense

Jean-Claude Bastos de Morais was trying to invest offshore but was having a hard time finding a place to put his money.The 50-year-old Swiss-Angolan …

Economic Growth Is No Longer Enough

As new technologies subject the world’s economies to massive structural change, wages are no longer playing the central redistributive role they once …

My client is too fat for his prison sentence, lawyer says of tax-fraud convict

After a federal court case that moved ponderously under the weight of evidence, with a hefty 36-page ruling calling the U.S. tax code a “bloated and …

Is Truth a Political Luxury?

<i>Julian Baggini</i> on lies, damn lies, and political realities<p>Politicians lie. That has to be one of the most universal and least controversial claims …

Update on the latest tax reform trends: Key findings from our new report

<i>Tax Policy Reforms: OECD and Selected Partner Economies</i> is an annual publication which provides comparative information on tax reforms across …

World first as Chinese scientists communicate without sending any data, revolution in computing beckons – Fanatical Futurist by International Keynote Speaker Matthew Griffin

WHY THIS MATTERS IN BRIEF<p>Being able to communicate without sending any data, and without using any particles as intermediaries, sounds impossible but …

NASA 4D prints new materials and mulls printing self-assembling space stations – Fanatical Futurist by International Keynote Speaker Matthew Griffin

WHY THIS MATTERS IN BRIEF<p>Transporting equipment into space is very, very expensive so NASA has turned to 4D printing to help it create new materials …

Space Exploration

DARPA: We’re on cusp of merging human and machine

We are at the point where computers and machines are no longer going to be simply tools. Computers are becoming, literally, part of us."There are a …

Singularity

San Francisco Will Consider a Tax on Robots

When robots steal our jobs, should they be made to pay taxes? That’s something residents of San Francisco are being asked to think about by Jane Kim, …

Indonesia finance minister says to tackle tax avoidance by MNCs

© Reuters. Indonesia Finance Minister Sri Mulyani Indrawati speaks during the International Tax Conference in Jakarta<p>By Gayatri Suroyo and Bernadette …

World Bank

'Disgusting and astonishing': how do the UK's top 1% view tax avoidance?

As a new study names the UK as one of the main conduits for corporate tax avoidance, we ask members of Britain’s highest pay bracket for their insights<p>Corporate lawyer, earns more than £300,000 annually:<p>The position of the UK as a major player in the global financial secrecy world, presumably …

SEC regulators are coming after ICOs

It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.<p>The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on …

Cryptocurrency

GovCloud: The Future of Government Work

Rather than existing in any single agency, GovCloud workers could reside in the cloud, making them truly government-wide employees.<p>Wind back the clock to 1971. Jane, a freshly minted college graduate, joins the government as a clerk. Jane’s work consists largely of entering information into …

The deep history of the radical right’s stealth plan for America

<b>Charles Koch; David Koch (MSNBC/AP/Evan Agostini/Shutterstock/Salon)</b><p>A Q&A with author Nancy MacLean about the elusive James McGill Buchanan<p>Kristin Miller<p>July 20, 2017 8:00am (UTC)<p>This piece originally appeared on BillMoyers.com<p>Author Nancy MacLean has unearthed a stealth ideologue of the American …