Jared Kushner took home millions, paid little or no tax for years

Jared Kushner borrowed money to put down tiny down-payments on properties, paid himself millions from the rents generated by those properties, then used aggressive depreciation markdowns to declare an operating loss every year, meaning that he paid no tax at all from at least 2012 to 2016, and very little tax in the three years proceeding it. Read the rest

Paradise Papers reveal cozy relationship between Stubhub and Canadian botmaster/scalper kingpin

The Paradise Papers continue to expose the economically useless activity that late-stage capitalism rewards with titanic sums of money: today, it's the story of Julien Lavallée, a botmaster ticket-scalper who has harvested the lion's share of concert tickets from all over the world, laundering them for millions through a secret "top seller" program that Stubhub offers to anyone who can move more than $50,000 worth of tickets per year. Read the rest

Execs with long coporate crime rapsheets stand up for Apple's tax evasion and "the rule of law"

The EU has ruled that Apple has to pay taxes on the billions it laundered through Ireland by pretending that an empty room with no employees was the company's "head office," a move that has enraged the Business Roundtable, which has sent a letter calling on the EU to respect the "rule of law," whose five signatories have all presided over acts of shameless lawbreaking. Read the rest