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Cheap DVDs: HMV to use tax loophole
A controversial tax avoidance scheme which HMV operates on its website is to be extended to the high street, allowing customers to buy DVDs, CDs, Blu-ray Discs, and games for lower prices from instore kiosks.
The items will be free from the usual 17.5% VAT charges on conventional purchases, as the items are subsequently delivered to the customer from the Channel Islands tax haven of Guernsey.
If copied by other high-street chains and supermarkets, it could divert hundreds of millions of pounds from the Treasury. Woolworths is also testing similar terminals in three stores. A controversial tax avoidance scheme which HMV operates on its website is to be extended to the high street, allowing customers to buy... more -
Obama Targets "Enron Loophole"
Barack Obama on Sunday rolled out a proposal to curb speculation in energy markets, a plan his advisers said would help stabilize soaring gas prices.
Obama proposed a four-step program that would, among other things, close a so-called "Enron loophole" that protects some energy futures trading from oversight by the Commodity Futures Trading Commission, his advisers said.
"I think everyone believes there's too much speculation in the oil markets, and a lot of it flows directly from that particular loophole," Gov. Jon Corzine, the New Jersey Democrat, said on a conference call hosted by the Obama campaign.
The other three components of the plan, as described by Obama economic adviser Jason Furman, are: to ensure that US energy futures cannot be traded in offshore, unregulated markets; to work toward an international regulation of oil futures markets, in cooperation with like-minded countries; and to have both the Federal Trade Commission and the Department of Justice investigate the oil markets.
Tthe McCain campaign said Obama is mimicking McCain on the gas loophole.
"The truth is Barack Obama is following John McCain's lead to close a Wall Street loophole that was signed into law by President Bill Clinton," McCain campaign spokesman Tucker Bounds said in a statement. "John McCain has supported bipartisan efforts to close this loophole and will work to address abuses in oil speculation. Barack Obama has voted the party line for Democrats who claim the loophole is fixed. The fact that Barack Obama is attacking John McCain, despite McCain's leadership on the issue, shows that Barack Obama is driven by the partisan attacks that Americans are tired of." Barack Obama on Sunday rolled out a proposal to curb speculation in energy markets, a plan his advisers said would help stabilize soar... more -
McCain tied to "Enron Loophole" at center of gas futures trading bubble
Here it is folks....
Privatization of the Oil and Natural Gas markets lead to a huge speculative bubble, a la Enron.
Bandits have hijacked our utilities. This Loophole must be closed! Here it is folks.... Privatization of the Oil and Natural Gas markets lead to a huge speculative bubble, a la Enron. ... more -
Documentary on Asian Massage Parlors in RI where prostitution is legal.
"happy endings?" is a documentary that explores the Asian Massage Parlor industry in Providence, RI. Follow 'Heather' a Korean immigrant, who opens a spa in August 2005, in a state where a loophole in the law makes the exchange of sex for money behind close doors legal. As 'Heather' manages her spa, the Mayor fights to change the law.
happy endings? to see more clips visit our website:
www.happyendingsdocumentary.com "happy endings?" is a documentary that explores the Asian Massage Parlor industry in Providence, RI. Follow 'Heather�... more -
Film on Asian massage parlors in RI where prostitution is legal
"Happy Endings?" is a feature length documentary that explores the Asian Massage Parlor industry in Providence, RI. Follow "Heather", a Korean immigrant, who opens a spa in August 2005, in a state where a loophole in the law does not make the exchange of sex for money behind closed doors illegal. As "Heather" manages her spa, the Mayor fights to change the law.
See more clips at
www.happyendingsdocumentary.com "Happy Endings?" is a feature length documentary that explores the Asian Massage Parlor industry in Providence, RI. Follow ... more -
Minnesota smokers use theatre to get round the smoking ban
A bar is using a legal loophole that allows smoking as part of a theatrical performance. The plot in the play is simple and direct: Bar patrons light up. They aren't required to speak, gesture or — for the most part — dress up.
"They're required to dress as they did before the ban," said Brian Bauman, owner of the Rock Nightclub in Maplewood, which allowed its patrons to be part of Tuesday's production of "Before the Ban." A bar is using a legal loophole that allows smoking as part of a theatrical performance. The plot in the play is simple and direct: Ba... more
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Loophole
