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1 HOUR AGO - Business Insider

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Yanis Varoufakis is defending his secret plans to 'hack' Greece's financial-payments system

Former Greek Finance Minister Yanis Varoufakis has a piece in the Financial Times on Tuesday in which he defends his plans to "hack" his own finance ministry and create a mirror payments system, which could be used in the event of a banking collapse or Greek exit from the eurozone (Grexit). He says part of his plan was simply to ...

Tags: Yanis Varoufakis is defending his secret plans to 'hack' Greece's financial-payments system,  Taxes Latest News

3 HOURS AGO - Business Insider

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VW overtakes Toyota as world's biggest carmaker

MUNICH/TOKYO (Reuters) - Volkswagen overtook Toyota as the world's largest carmaker by sales in the first half, achieving its long-held ambition three years ahead of target.Japan's biggest automaker said on Tuesday it sold 5.02 million cars between January and June, a 1.5 percent decline on year-ago levels and fewer than the 5.04 million deliveries VW reported on July 17.Toyota, due ...

Tags: VW overtakes Toyota as world's biggest carmaker,  Taxes Latest News

4 HOURS AGO - Zero Hedge

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Open Letter to Alexis Tsipras

Dear Prime Minister Tsipras, First, congratulations for mustering the popular support to say “no” to the troika. The euro has long offered Greece a perverse incentive to borrow, and now your country is trapped in debt. By any conventional means, Greece cannot repay (I propose an unconventional way, below). The sooner everyone acknowledges this simple fact the better. While I ...

Tags: Open Letter to Alexis Tsipras,  Taxes Latest News

5 HOURS AGO - Business Insider

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Yanis Varoufakis is defending his secret plans to 'hack' Greece's financial payments system

Former Greek finance minister Yanis Varoufakis has a piece in the Financial Times on Tuesday, defending his plans to "hack" his own finance ministry and create a mirror payments system, which could be used in the event of a banking collapse or Grexit (Greek exit from the eurozone). He says that part of his plan was simply to use the ...

Tags: Yanis Varoufakis is defending his secret plans to 'hack' Greece's financial payments system,  Taxes Latest News

9 HOURS AGO - Zero Hedge

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Introducing "Trickle-Out Oligarch Economics" - How Over $21 Trillion In Wealth Fled Offshore

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Before I get into the meat of this post, I want to make it clear that just because I point out the following doesn’t mean I like tax and think we need more of it. Rather, there are two main points I want to get across. 1) Oligarchs create tax loopholes for ...

Tags: Introducing "Trickle-Out Oligarch Economics" - How Over $21 Trillion In Wealth Fled Offshore,  Taxes Latest News