Home / Blogs / Sharyn's blog
Visitors' civil comments encouraged.
Women's History Month Linkage
Globalization of Tax Evasion
The whole story linked below is probably more than you want to get into, but after hearing the House of Commons on cspan last night piling on the Prime Minister for appointing some guy linked with tax evasion to a bank-oversight position, I googled to learn more. Here's an excerpt. It seems Moreno was appointed before the tax evasion thing was known, so maybe the PM shouldn't be blamed (except for poor vetting?). The plus is Moreno is leaving his job -- being forced out for a link to a trust accused of tax evasion. If only our Secretary of Treasury, Timothy Geithner, would follow suit. Why should he be the only one in the "civilized" world it seems to keep his position? All other evaders, or evaders with links thereof, have to go.
" . . . it now seems that Glen Moreno will be forced out of his job as chairman of UK Financial Investments Ltd – the company set up to oversee the taxpayer's stake in the bailed-out banks – because of his links with a Liechtenstein trust accused of tax evasion. "
- Sharyn's blog
- Login or register to post comments
-
I swear the rich consider is an honor and a game to cheat on their taxes while the rest of us quiver at the thought of an IRS audit.
When Timmy and his pals go to the club this May, I'm sure on of the standard questions is "how much did you avoid paying?.
Civil Discourse - ERA - A Mother President - Women's Rights - Primary Reform
now think it's ok to cheat because it shows how clever you are. and futhermore now it doesn't even matter if you're caught -- you're so clever, it's another rung up the ladder.
Geithner is not exactly a great role model for our country's youth.
The people that think it is "clever" to cheat are really lazy, stupid and arrogant. It shows a complete lack of character.
from the Guardian:
Michael Fallon, a member of the Treasury select committee, asked the chancellor in the Commons: "Can it really be right that the body looking after the taxpayers' interest in these two banks should be chaired by Mr Moreno, who appears to have been so heavily involved in tax dodging in Liechtenstein?"
http://www.guardian.co.uk/business/2009/feb/13/gordon-brown-executive-bonuses-banking
for the first time today in an interview. I was stunned. If this man is the "most qualified" for the job of Secretary of the Treasury, we are in even worse trouble than I thought. He couldn't give one straight answer and kept falling over himself to declare his fealty to Barack Obama.
I still get a laugh out of the fact that Geithner found it advisable to run his own income taxes through Turbo-Tax rather than have them done professionally. Of course, it's always possible that no CPA would put their name on the piece of fiction Geithner was filing.
WHERETHEHELL IS MY ERA???
bodies are buried and who pulled the trigger. He trained for politics, has much experience, and knows how to play the game.
He graduated from Dartmouth with a degree in government & Asian studies, and went on to receive a master's in international economics & East Asian studies from Johns Hopkins. From what I read, he started out in the Treasury Department and has worked in different positions for three administrations since 1988, and worked for the International Monetary Fund during G W Bush's first term. As former president/chief executive of the Federal Reserve Bank of New York, Geithner has been a key player in managing the Wall Street financial crisis since 2007.
"a key player in NOT managing the Wall Street financial crisis since 2007" if we can judge by the results.
thanks. you are spot on.
who tried to oust Sheila Bair, when she wanted to do something to protect homeowners from foreclosure -- not just to help homeowners, but to spare economy from further collapse. Hillary wanted to do something along the Bair lines, following the FDR HOLC model.
(go figure: Bair's a Republican who wanted to help homeowners: anyone know what party Geithner belongs to? he was probably whispering in Obama's ear when, as Rep. Kucinich told us, behind closed doors Obama was pushing to remove the homeowners provision from that first wall street bailout.)
that's why Sen. Lindsey Graham, who got a non-answer from Geithner on foreclosures, said back to him: "You really don't have a clue, do you?!"