Day: August 12, 2018

The Liverpool Echo on 12^th August reported that police have been fighting a war with a secretive Huyton-based organised crime group for the last 20 years.  The drugs gang is said to be led by 2 brothers from Stockbridge Village and have flooded the UK with cocaine and has been responsible for spectacular violence across Liverpool and are said to operate on a scale similar to that of Curtiss Warren in the 1990s.

https://www.liverpoolecho.co.uk/news/liverpool-news/revealed-polices-secret-war-real-15013863

Public Finance International on 12^th August reported that Ireland has been dubbed the biggest tax haven in the world in a study carried out by academics at the University California, Berkeley and the University of Copenhagen that claims that foreign multinationals shifted €90 billion of corporate profits to the country in 2015.  The study said the profits hidden away in Ireland was more than those in all of the islands in the Caribbean combined (€83 billion) and well ahead of Singapore (€60 billion), Switzerland (€49 billion) and the Netherlands (€48 billion).

https://www.publicfinanceinternational.org/news/2018/06/ireland-named-worlds-biggest-tax-haven?src=ilaw

The study is at –

http://gabriel-zucman.eu/files/AJZ2018.pdf

The Times of Israel reported on 12^th August that US-Israeli billionaire and philanthropist, Shari Arison denies wrongdoing amid suspicions of pay-offs to foreign government representatives.  She has been released but prohibited from leaving the country.  Investigators at the Lahav 433 national crime unit in Lod also questioned Efrat Peled who is CEO of Arison Investments.  The case is said to involve Shikun & Binui, one of Israel’s largest construction and infrastructure companies, which has many projects in Israel and around the world.  6 senior executives were arrested in February on suspicion of making the illicit payments to support construction projects in unnamed countries in Africa.  In addition the bribery concerns, Arison and Peeled are suspected of Securities Law offences relating to business reports.

https://www.timesofisrael.com/israels-richest-woman-questioned-for-hours-in-suspected-africa-bribery-case/?src=ilaw