Credit Suisse ‘Complicit’ in Tax Evasion for Ultra-Rich Americans - 🇺🇸Senate
The Swiss bank has been accused of operating an ongoing scheme to help wealthy Americans to dodge taxes, the US Senate Finance Committee has asserted.
Credit Suisse had pleaded guilty in 2014 to criminal charges for aiding US citizens hide wealth in offshore accounts to avoid tax and as part of its plea it promised to crack down on tax fraud.
The total amount concealed in violation of the 2014 plea agreement is reportedly more than $700mn.
@RiseGS
The Swiss bank has been accused of operating an ongoing scheme to help wealthy Americans to dodge taxes, the US Senate Finance Committee has asserted.
Credit Suisse had pleaded guilty in 2014 to criminal charges for aiding US citizens hide wealth in offshore accounts to avoid tax and as part of its plea it promised to crack down on tax fraud.
The total amount concealed in violation of the 2014 plea agreement is reportedly more than $700mn.
@RiseGS
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Austrian Opposition MPs Walk Out on Zelensky Video Message
The politicians left signs where they were sat reading, "Places for Peace" and "Places for Neutrality" - while a protest against the Ukrainian president's speech was staged outside the Parliament.
@RiseGS
The politicians left signs where they were sat reading, "Places for Peace" and "Places for Neutrality" - while a protest against the Ukrainian president's speech was staged outside the Parliament.
@RiseGS
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One of those days when work REALLY sucks...
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Pressure mounting on Asia to fall in line? Japan slumped to a record trade deficit this year, with exports rapidly slowing.
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Peacekeeping they say...
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The programme on national telly showed how Poland would lay claim to a large chunk of western Ukraine, while Hungary and Romania would control areas where it has ethnic populations.
Russia would then control the east, leaving Kiev cut off from key port cities too.
Is the EU and NATO exploring ways to let Ukraine in without actually making them a member state? It would certainly move NATO closer to Russia's border...
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Calling 🇪🇺? "It's the first time we've joined a bloc in about 50 years, there's strength in numbers... " 🤪
UK Business & Trade Sec. praises Britain joining Trans-Pacific Trade Pact with 11 countries.
No one mention Brexit.
@RiseGS
UK Business & Trade Sec. praises Britain joining Trans-Pacific Trade Pact with 11 countries.
No one mention Brexit.
@RiseGS
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When an opposition figure gets arrested outside of America... Washington sh*ts its pants
So, should the rest of the world turn on the USA if Donald Trump is next?
El Salvador has a point.
@RiseGS
So, should the rest of the world turn on the USA if Donald Trump is next?
El Salvador has a point.
@RiseGS
European Central Bank VP Warns of Broad Risks in Financial Sector
The ECB is closely monitoring current market tensions and will act to preserve price and financial stability in the euro area if required, VP Luis de Guindos said Saturday.
"...In our view, vulnerabilities in the financial system prevail in the non-bank financial sector, which grew fast and increased its risk-taking during the low interest rate environment," De Guindos told the Ambrosetti business forum in northern Italy.
@RiseGS
The ECB is closely monitoring current market tensions and will act to preserve price and financial stability in the euro area if required, VP Luis de Guindos said Saturday.
"...In our view, vulnerabilities in the financial system prevail in the non-bank financial sector, which grew fast and increased its risk-taking during the low interest rate environment," De Guindos told the Ambrosetti business forum in northern Italy.
@RiseGS
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Seismic Waves Felt Across North America and Europe Following Magnitude-7+ Earthquake in Papua New Guinea 🇵🇬
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Oil Prices Soar after Surprise Saudi Production Cuts
The unexpected announcement by OPEC+ to slash their combined output by a further 1.15mn barrels per day threatened to deliver a fresh jolt of inflation to the world’s markets.
WTI surged 8% in early trading and stood above $79 per barrel while Brent crude also🔼 close to 5% as it neared $84.
OPEC+ control roughly 50% of global oil supplies and will reduce their output starting from May until the end of 2023.
Will the US have to forget about ever refilling the strategic oil reserve with prices likely to be $100+ later in the year?
@RiseGS
The unexpected announcement by OPEC+ to slash their combined output by a further 1.15mn barrels per day threatened to deliver a fresh jolt of inflation to the world’s markets.
WTI surged 8% in early trading and stood above $79 per barrel while Brent crude also
OPEC+ control roughly 50% of global oil supplies and will reduce their output starting from May until the end of 2023.
Will the US have to forget about ever refilling the strategic oil reserve with prices likely to be $100+ later in the year?
@RiseGS
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Flipping Out: McDonalds Temporarily Closes US Offices – Prepares for Mass Layoffs
McDonald's has temporarily shut down all US offices as they prepare to deliver layoff messages online to a number of their employees across the country.
‘During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organisation,' McDonald's officials said in a memo.
It's unclear at this time how many employees are set to be laid off, however, CEO Chris Kempczinski said in an email earlier this year there would be 'difficult discussions and decisions ahead’.
One to the McRibs @RiseGS
McDonald's has temporarily shut down all US offices as they prepare to deliver layoff messages online to a number of their employees across the country.
‘During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organisation,' McDonald's officials said in a memo.
It's unclear at this time how many employees are set to be laid off, however, CEO Chris Kempczinski said in an email earlier this year there would be 'difficult discussions and decisions ahead’.
One to the McRibs @RiseGS
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❗️NATO believes "what happened in Ukraine" could repeat in East Asia - military alliance studying growing rapprochement between China and Russia
Jens Stoltenberg and Co. preparing to provoke more nations in another continent?
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Jens Stoltenberg and Co. preparing to provoke more nations in another continent?
@RiseGS
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