the $9 billion debt is growing by more than $1 million a day, because of interest.
A dying Irishman went for one last big score in Nigeria. The project failed, but a London tribunal says his company’s owed $9 billion and counting.
Source: Is One of the World’s Biggest Lawsuits Built on a Sham? – Bloomberg
The case is indicative of the “deal with the devil” that jurisdictions make when becoming a tax haven, says Alex Cobham, CEO of the Tax Justice Network, an advocacy group. “You’re agreeing to provide terms that multinational companies or the Big Four accounting firms or major tax law firms are demanding,” he said. “Once you start down that road and attract a certain amount of that business, you’re then much more vulnerable to the next request because you know that any benefits you’re getting can go away jus
Electric cars will drop in price just like television.