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Offshore Tax Havens Cost Average Taxpayer $1,259 a Year, Small Businesses $3,923

April 18, 2014 Comments off

Offshore Tax Havens Cost Average Taxpayer $1,259 a Year, Small Businesses $3,923
Source: U.S. Public Interest Research Group

As hardworking Americans file their taxes today, it’s a good time to be reminded that ordinary taxpayers pick up the tab for special interest loopholes in our tax laws. A new U.S. PIRG report released today revealed that the average American taxpayer in 2013 would have to shoulder an extra $1,259 in state and federal taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals.

Every year, corporations and wealthy individuals avoid paying an estimated $184 billion in state and federal income taxes by using complicated accounting tricks to shift their profits to offshore tax havens. Of that $184 billion, $110 billion is avoided specifically by corporations.

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Offshore Outsourcing of Administrative Functions by State Medicaid Agencies

April 18, 2014 Comments off

Offshore Outsourcing of Administrative Functions by State Medicaid Agencies
Source: U.S. Department of Health and Human Services, Office of Inspector General

WHY WE DID THIS STUDY
Outsourcing occurs when State Medicaid agencies enter into agreements with contractors to perform administrative functions. Outsourcing can occur inside the United States (domestic outsourcing) or outside (offshore outsourcing) and can be direct (when a Medicaid agency contracts with an offshore contractor) or indirect (when a Medicaid agency’s contractor subcontracts to an offshore contractor). There are no Federal regulations that prohibit the offshore outsourcing of Medicaid administrative functions. However, the Health Insurance Portability and Accountability Act (HIPAA) requires covered entities to have business associate agreements (BAAs) to protect personal health information (PHI).

HOW WE DID THIS STUDY
We conducted a survey of 56 Medicaid agencies, including those of the District of Columbia and the U.S. territories. We asked Medicaid agencies (1) whether they had any policies, Executive Orders, State laws, or contract requirements (collectively, “requirements”) addressing the outsourcing of administrative functions offshore and (2) whether they directly or indirectly outsourced administrative functions offshore. For Medicaid agencies with outsourcing requirements, we asked whether these requirements address PHI and whether the Medicaid agencies monitor contractors’ compliance with the requirements. We reviewed the Medicaid agencies’ requirements and BAAs. For the Medicaid agencies that outsource offshore, we asked what types of administrative functions are outsourced offshore.

WHAT WE FOUND
Only 15 of 56 Medicaid agencies have some form of State-specific requirement that addresses the outsourcing of administrative functions offshore. The remaining 41 Medicaid agencies reported no offshore outsourcing requirements and do not outsource administrative functions offshore. Among the 15 Medicaid agencies with requirements, 4 Medicaid agencies prohibit the outsourcing of administrative functions offshore and 11 Medicaid agencies allow it. The 11 Medicaid agencies that allow offshore outsourcing of administrative functions each maintain BAAs with contractors, which is a requirement under HIPAA. Among other things, BAAs are intended to safeguard PHI. These 11 Medicaid agencies do not have additional State requirements that specifically address safeguarding PHI. Seven of the eleven Medicaid agencies reported outsourcing offshore through subcontractors, but none reported sending PHI offshore. If Medicaid agencies engage in offshore outsourcing of administrative functions that involve PHI, it could present potential vulnerabilities. For example, Medicaid agencies or domestic contractors that send PHI offshore may have limited means of enforcing provisions of BAAs that are intended to safeguard PHI. Although some countries may have privacy protections greater than those in the United States, other countries may have limited or no privacy protections.

Mapping the European ICT Poles of Excellence: The Atlas of ICT Activity in Europe

April 18, 2014 Comments off

Mapping the European ICT Poles of Excellence: The Atlas of ICT Activity in Europe
Source: European Commission

The EIPE Atlas presents the results of the empirical mapping of ICT activity in Europe and the ranking of the top European NUTS 3 regions based on their performance in EIPE Composite Indicator (EIPE CI), together with the ranks for the individual 42 indicators which contributed to the building of the EIPE composite indicators. The report offers a snapshot of the performance of regions that are identified as the main locations of ICT activity in Europe. It is meant to provide a comprehensive picture of how ICT activity is distributed across Europe and where its main locations are. This information is expected to give a better overview of the European ICT landscape, activity and actors in each location and to reveal their strengths and weaknesses.

UNODC — Global Study on Homicide 2013 (released 4/10/14)

April 18, 2014 Comments off

Global Study on Homicide 2013
Source: United Nations Office on Drugs and Crime (UNODC)
From press release (PDF):

Almost half a million people (437,000) across the world lost their lives in 2012 as a result of intentional homicide, according to a new study by the United Nations Office on Drugs and Crime (UNODC).

Launching the Global Study on Homicide 2013 in London today, Jean-Luc Lemahieu, Director for Policy Analysis and Public Affairs, said: “Too many lives are being tragically cut short, too many families and communities left shattered. There is an urgent need to understand how violent crime is plaguing countries around the world, particularly affecting young men but also taking a heavy toll on women.”

Globally, some 80 per cent of homicide victims a nd 95 per cent of perpetrato rs are men. Almost 15 per cent of all homicides stem from domestic violence (63,600). However, the overwhelming majority – almost 70 per cent – of domestic violence fatalities are women (43,600). “Home can be the most dangerous place for a woman,” said Mr . Lemahieu. “It is particularly heart-breaking when those who should be protecting their loved ones are the very people responsible for their murder.”

Over half of all homicide victims are under 30 years of age, with children under the age of 15 accounting for just over 8 per cent of all homicides (36,000), the Study highlighted.

Foreign Agriculture Service — Guide to the Foreign Service Officer Selection Process

April 17, 2014 Comments off

Guide to the Foreign Service Officer Selection Process (PDF)
Source: USDA Foreign Agricultural Service

The United States Foreign Agricultural Service (FAS) is one of the U.S. Government’s four Foreign Affairs Agencies under the Foreign Service Act of 1980. Chartered in 1953, FAS is a small agency with a global mission and presence. FAS is responsible for a broad range of programs, activities and tasks designed to carry out the U.S. Department of Agriculture’s statutory responsibility to promote U.S. agricultural interests overseas. The core mission of FAS is to facilitate trade and international cooperation, which are critical to the vitality of the U.S. agricultural sector. Staff includes about 850 people stationed in Washington, about 160 Foreign Agricultural Affairs Officers, and 350 locally employed staff overseas. Foreign Service officers represent the interests and needs of American agriculture at U.S. diplomatic missions abroad.

If you are interested in a Foreign Service career at FAS, there is plenty of opportunity, but entry is a competitive process that takes place only once every 12-24 months depending on the needs of the service.

CRS — Brazil: Political and Economic Situation and U.S. Relations

April 17, 2014 Comments off

Brazil: Political and Economic Situation and U.S. Relations (PDF)
Source: Congressional Research Service (via National Agricultural Law Center)

The United States has traditionally enjoyed cooperative relations with Brazil, which is the seventh-largest economy in the world and is recognized by the Obama Administration’s National Security Strategy as an emerging center of influence. Administration officials have often highlighted Brazil’s status as a multicultural democracy, referring to the country as a natural partner that shares values and goals with the United States. Bilateral ties have been strained from time to time, however, as the countries’ occasionally divergent national interests and independent foreign policies have led to disagreements. U.S.-Brazilian relations have been particularly strained over the past year as a result of alleged National Security Agency (NSA) activities inside Brazil. Nevertheless, the countries continue to engage on issues such as trade, energy, security, racial equality, and the environment.

CRS — Sanitary and Phytosanitary (SPS) and Related Non-Tariff Barriers to Agricultural Trade

April 17, 2014 Comments off

Sanitary and Phytosanitary (SPS) and Related Non-Tariff Barriers to Agricultural Trade (PDF)
Source: Congressional Research Service (via National Agricultural Law Center)

Sanitary and phytosanitary (SPS) measures are the laws, rules, standards, and procedures that governments employ to protect humans, animals, and plants from diseases, pests, toxins, and other contaminants. Examples include meat and poultry processing standards to reduce pathogens, residue limits for pesticides in foods, and regulation of agricultural biotechnology. Technical barriers to trade (TBT) cover technical regulations, product standards, environmental regulations, and voluntary procedures relating to human health and animal welfare. Examples include trademarks and patents, labeling and packaging requirements, certification and inspection procedures, product specifications, and marketing of biotechnology. SPS and TBT measures both comprise a group of widely divergent standards and standards-based measures that countries use to regulate markets, protect their consumers, and preserve natural resources.

According to the World Trade Organization (WTO), SPS and TBT measures have become more prominent concerns for agricultural exporters and policy makers, as tariff-related barriers to trade have been reduced by various multilateral, regional, and bilateral negotiations and trade agreements. The concerns include whether SPS and TBT measures might be used to unfairly discriminate against imported products or create unnecessary obstacles to trade in agricultural, food, and other traded goods. Notable U.S. trade disputes involving SPS and TBT measures have included a European Union (EU) ban on U.S. meats treated with growth-promoting hormones and also certain pathogen reduction treatments, and an EU moratorium on approvals of biotechnology products, among other types of trade concerns with other countries. Foreign countries have also objected to various U.S. trade measures.

CRS — Small Business Administration Trade and Export Promotion Programs

April 17, 2014 Comments off

Small Business Administration Trade and Export Promotion Programs (PDF)
Source: Congressional Research Service (via National Agricultural Law Library)

According to Census data, approximately 1% of small businesses in the United States currently export. With roughly three-quarters of world purchasing power and almost 95% of world consumers living outside of U.S. borders, more attention is being paid to the potential of small business export promotion programs to grow small businesses and contribute to the national economic recovery. In addition, some Members of Congress believe that the contributions of small businesses to commercial innovation and economic growth could be enhanced through greater access to growing international markets.

Consistent with these policy goals, the Small Business Administration (SBA) provides export promotion and financing services to small businesses through its loan guarantee programs, management and training programs, and other initiatives. SBA’s Office of International Trade (OIT) coordinates these activities as it assists with four stages of export promotion: (1) identifying small businesses interested in export promotion; (2) preparing small businesses to export; (3) connecting small businesses to export opportunities; and (4) supporting small businesses once they find export opportunities.

CRS — Trade Adjustment Assistance for Farmers

April 17, 2014 Comments off

Trade Adjustment Assistance for Farmers (PDF)
Source: Congressional Research Service (via National Agricultural Law Library)

The Trade Adjustment Assistance for Farmers (TAAF) program provides technical assistance and cash benefits to producers of agricultural commodities and fishermen who experience adverse economic effects caused by increased imports. Congress first authorized this program in 2002, and made significant changes to it in the 2009 economic stimulus package (P.L. 111-5). The 2009 revisions were intended to make it easier for commodity producers and fishermen to qualify for program benefits, and provided over $200 million in funding through December 2010. Subsequently, P.L. 112-40 (enacted in October 2011) authorized $202.5 million through December 2013. No program activity occurred, because Congress did not appropriate funds.

The U.S. Department of Agriculture (USDA) is required to follow a two-step process in administering TAAF program benefits. First, a group of producers must be certified eligible to apply. Second, a producer in a certified group must meet specified requirements to be approved to receive technical assistance and cash payments.

New From the GAO

April 17, 2014 Comments off

New GAO Reports
Source: Government Accountability Office

1. Army Modular Force Structure: Annual Report Generally Met Requirements, but Challenges in Estimating Costs and Assessing Capability Remain. GAO-14-294, April 16.
http://www.gao.gov/products/GAO-14-294
Highlights - http://www.gao.gov/assets/670/662577.pdf

2. Foreign Aid: USAID Has Increased Funding to Partner-Country Organizations but Could Better Track Progress. GAO-14-355, April 16.
http://www.gao.gov/products/GAO-14-355
Highlights - http://www.gao.gov/assets/670/662597.pdf

3. Defense Contracting: DOD’s Use of Class Justifications for Sole-Source Contracts. GAO-14-427R, April 16.
http://www.gao.gov/products/GAO-14-427R

CRS — U.S. Crude Oil Export Policy: Background and Considerations

April 17, 2014 Comments off

U.S. Crude Oil Export Policy: Background and Considerations (PDF)
Source: Congressional Research Service (via National Agricultural Law Center)

During an era of oil price controls and following the 1973 Organization of Arab Petroleum Exporting Countries oil embargo, Congress passed the Energy Policy and Conservation Act of 1975 (EPCA), which directs the President “to promulgate a rule prohibiting the export of crude oil” produced in the United States. Crude oil export restrictions are codified in the Export Administration Regulations administered by the Bureau of Industry and Security (BIS)—a Commerce Department agency. The President has some powers to allow certain crude oil exports if an exemption is determined to be in the national interest.

Culture: Persistence and Evolution

April 16, 2014 Comments off

Culture: Persistence and Evolution (PDF)
Source: Research Papers in Economics

This paper presents evidence on the speed of evolution (or lack thereof) of a wide range of values and beliefs of different generations of European immigrants to the US. The main result is that persistence differs greatly across cultural attitudes. Some, for instance deep personal religious values, some family and moral values, and political orientation are very persistent. Other, such as attitudes toward cooperation, redistribution, effort, children independence, premarital sex, and even the frequency of religious practice or the intensity of association with one’s religion, converge rather quickly. Moreover, the results obtained studying higher generation immigrants differ greatly from those obtained limiting the analysis to the second generation, and imply lesser degree of persistence. Finally, we show that persistence is “culture specific” in the sense that the country from which one’s ancestors came matters for the pattern of generational convergence.

Ratifying and Implementing Trade and Investment Treaties in Canada

April 15, 2014 Comments off

Ratifying and Implementing Trade and Investment Treaties in Canada
Source: Parliamentary Library of Canada

Under Canada’s constitutional system, the conduct of foreign affairs is a royal prerogative power of the federal Crown.

Consequently, the Executive Branch has the exclusive power to negotiate and conclude international treaties. Parliament has the exclusive power to enact legislation to implement those treaties.

As Canada continues to enter into such treaties, a number of important questions arise:

  • What is the interaction between Canadian and international law in the treaty-making and implementation processes, particularly in relation to trade and investment?
  • What measures must the Executive and Legislative branches take so that these treaties can come into force?
  • What formal role do the provinces and territories play in the negotiation, ratification and implementation of trade and investment treaties?

Taking the Long Way Home: U.S. Tax Evasion and Offshore Investments in U.S. Equity and Debt Markets

April 15, 2014 Comments off

Taking the Long Way Home: U.S. Tax Evasion and Offshore Investments in U.S. Equity and Debt Markets
Source: Journal of Finance, forthcoming (via SSRN)

We empirically investigate one form of illegal investor-level tax evasion and its effect on foreign portfolio investment. In particular, we examine a form of round-tripping tax evasion in which U.S. individuals hide funds in entities located in offshore tax havens and then invest those funds in U.S. securities markets. Employing Becker’s (1968) economic theory of crime, we identify the tax evasion component in foreign portfolio investment data by examining how foreign portfolio investment varies with changes in the incentives to evade and the risks of detection. To our knowledge, this is the first empirical evidence of investor-level tax evasion affecting cross-border investment in equity and debt markets.

Ethical pharmaceutical promotion and communications worldwide: codes and regulations

April 15, 2014 Comments off

Ethical pharmaceutical promotion and communications worldwide: codes and regulations
Source: Philosophy, Ethics, and Humanities in Medicine

The international pharmaceutical industry has made significant efforts towards ensuring compliant and ethical communication and interaction with physicians and patients. This article presents the current status of the worldwide governance of communication practices by pharmaceutical companies, concentrating on prescription-only medicines. It analyzes legislative, regulatory, and code-based compliance control mechanisms and highlights significant developments, including the 2006 and 2012 revisions of the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) Code of Practice.

Developments in international controls, largely built upon long-established rules relating to the quality of advertising material, have contributed to clarifying the scope of acceptable company interactions with healthcare professionals. This article aims to provide policy makers, particularly in developing countries, with an overview of the evolution of mechanisms governing the communication practices, such as the distribution of promotional or scientific material and interactions with healthcare stakeholders, relating to prescription-only medicines.

In the EU28, 10 million part-timers are underemployed…and 11 million persons considered as a potential additional labour force

April 15, 2014 Comments off

In the EU28, 10 million part-timers are underemployed…and 11 million persons considered as a potential additional labour force (PDF)
Source: Eurostat

The EU28 population aged 15 to 74 can be classified into three groups: in 2013, these were 216.4 million persons in employment, 26.2 million unemployed and 137.2 million economically inactive. Among those in employment, 43.7 million were part-time workers, of which 9.9 million (23% of part-time workers) are underemployed, meaning they wished to work more hours and were available to do so.

Among the economically inactive population (those persons neither employed nor unemployed), there were 9.3 million persons aged 15 to 74 available to work, but not seeking2 and 2.2 million seeking work, but not available in the EU28 in 2013. While not part of the economically active population, both groups have a certain attachment to the labour market and could be considered as a potential additional labour force of 11.5 million persons, equivalent to 4.7% of the labour force.

Categories: Europe, Eurostat, labor

Catching Up: The Labor Market Outcomes of New Immigrants in Sweden

April 15, 2014 Comments off

Catching Up: The Labor Market Outcomes of New Immigrants in Sweden
Source: Migration Policy Institute

The considerable diversity among Sweden’s immigrants reflects a humanitarian migration policy. Refugees have arrived in the country since the 1970s and 1980s, with their countries of origin shifting according to the ethnic and political conflicts of any given period. Sweden is also a longstanding magnet for labor migration from surrounding Scandinavia, and has attracted mobile EU citizens since its entry into the European Union in 1995—and especially following the EU enlargements of 2004 and 2007. Sweden’s immigration flows continue to change today, as policy reforms in 2008 allowed employers to bring non-EU labor migrants to the country for the first time in decades.

This report assesses how new immigrants to Sweden fare in the country’s labor market. The report is part of a series of six case studies on labor market outcomes among immigrants to European Union countries.

Offshore Oil and Gas Governance in the Arctic: A Leadership Role for the U.S.

April 15, 2014 Comments off

Offshore Oil and Gas Governance in the Arctic: A Leadership Role for the U.S.
Source: Brookings Institution

The Arctic is changing and increasingly drawing the world’s interest, with the potential for vast reserves of offshore oil and gas constituting arguably the most attractive, yet challenging prospect in the region.

As the U.S. prepares to assume chairmanship of the Arctic Council in 2015, this policy brief is designed to inform the legislative and executive branches of the U.S. Government of the current state of oil and gas governance in the Arctic, and to address the following questions:

  • How can the U.S. elevate the Arctic region as a priority national interest?
  • How can the U.S. lead in strengthening offshore oil and gas governance in the Arctic?

The U.K.’s Ambitious New Retirement Savings Initiative

April 15, 2014 Comments off

The U.K.’s Ambitious New Retirement Savings Initiative
Source: Center for Retirement Research at Boston College

The brief’s key findings are:

  • The United Kingdom is rolling out a low-cost retirement system for workers who lack pension coverage.
  • The new system has three core elements:
    • Employers auto-enroll their workers at a 4-percent contribution rate, matched by the employer and government combined.
    • A new non-profit provides the infrastructure to keep costs low.
    • The plans’ target date funds start young workers with low-risk investments to avoid losses that could discourage saving.
  • The U.S.’s new “myRA” program includes two similar design features – low-risk investments and government infrastructure – but it lacks auto-enrollment.

Tech Trade in the States: A State by State Overview of International Trade in Tech Goods

April 14, 2014 Comments off

Tech Trade in the States: A State by State Overview of International Trade in Tech Goods (PDF)
Source: Tech America Foundation

TechAmerica Foundation proudly presents our 2014 edition of Tech Trade in the States: A State-by-State Overview of International Trade of Tech Goods. It provides 2012 data on tech trade at the national level and export data for all 50 states, the District of Columbia, and Puerto Rico. The report also provides an estimate as to the number of jobs that are supported by export activities.

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