Whistleblower Claims Walmart Underpaid Taxes On $2 Billion Offshore Cash

A former executive from Walmart tipped off the Internal Revenue Service (IRS) on how Walmart dodged payment of US tax on $2 billion by routing the money through other countries.  According to the documents he submitted to IRS in 2011, the company who operate their own money transfer services through the walmart money network inflated …

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7 Factors That Could Explain Why Bitcoin Is Dropping

For the last few years, Bitcoin was the darling of the investments world. Bitcoin single-handedly put the term “cryptocurrency” in everyone’s vocabulary. People who bought Bitcoin at low prices sold them exponentially higher. There were stories of investors who became “overnight millionaires” because of the cryptocurrency. The question on everyone’s mind was “Can I still …

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Will Bitcoin Take The Place Of Fiat Currency?

Venezuela’s economy is a case study of financial mismanagement by the government. The country is besieged by rampant starvation, hyperinflation, and massive immigration. The downfall of Venezuela’s economy has its roots during the administration of Hugo Chavez and has worsened in Nicholas Maduro’s presidency. It should be noted that governments worldwide, including the United States, …

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EC President Calls Out Italy’s Government For Slacking On Economy

During a joint press conference with Italian Prime Minister Giuseppe Conte, European Commission (EC) President Jean- Claude Juncker called out Italy’s League 5 Star government for not doing more to save the Italy’s failing economy. Table Of Contents1 Rising Debt In Italy2 Healthier Fiscal Position Encouraged3 Criticisms From OECD Rising Debt In Italy In particular, …

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France Poised To Overtake Italy As The World’s Fourth Most Indebted Nation

According to Bloomberg, their projections on total public debt in 2018 showed that it is possible for France to overtake Italy as the world’s fourth most indebted nation in 2019. In 2018, the total public debt of France was measured to be at €2.31 Trillion which was only smaller than Italy’s by €1.4 Billion. Under …

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