Posted by Chenglu Xia. In his article, “Bitcoin Will Be Taxed as an Asset: Israel Tax Authority,” Samburaj Das states that Israel government will have a new regulation on cryptocurrency. The official tax authority is making a change, transferring bitcoin’s role from the cryptocurrency to an asset. However, Israel’s official authority is not the only …
Author Archives: blogbusinesslaw
A Major Flaw in Safety Regulation
Posted by Alex Law. A lawsuit had been filed on Wednesday, February 14th, against the New York and Atlantic Railway Company for the unfair treatment of 18 railway workers. According to one of the railway workers, Mario Pesantez, the railway company has denied the workers safety equipment, as well as withholding proper training. Furthermore, Pesantez …
Orthofix International Charged With Accounting Failures and FCPA Violations
Posted by Alexander D. Bakogiannis. Earlier this year the SEC reported that a medical device company named Orthofix was being charged with improperly booking revenue and making improper payment to doctors and government owned hospitals in Brazil. They improperly recorded revenues as soon as a product was shipped before securing payments. When a company makes …
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Wells Fargo’s Employees Fraud with Customers
Posted by Gurpreet Kaur. CNN Money released an article on Well Fargo’s employees secretly withdrawing money from customers’ bank account and transferring to new accounts since 2011. The article was published on September 8th of this year and Wells Fargo bank was forced to fire 5,300 employees in Los Angles for setting up accounts for customers. …
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Charges Made in Samarco Dam Collapse Case
Posted by Caroline Weeks. On November 5, 2015 a dam in the Brazilian city of Mariana collapsed, resulting in multiple causalities and irreparable damage to the surrounding cities and ecosystems. In total, nineteen people lost their lives. The collapse also “released a torrent of sludge that washed away villages, displaced hundreds of people, and traveled …
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A Major Flaw in Safety Regulation
Posted by Alex Law. A lawsuit had been filed on Wednesday, February 14th, against the New York and Atlantic Railway Company for the unfair treatment of 18 railway workers. According to one of the railway workers, Mario Pesantez, the railway company has denied the workers safety equipment, as well as withholding proper training. Furthermore, Pesantez …
Patchy Bitcoin Oversight Poses Hazards for Investors, Regulators Say
Posted by Shahrani Bhatti. On January 30th of 2018, U.S. regulators made it known that they feel Congress should expand regulation of the bitcoin as well as a growing number of other cryptocurrencies. Their reasoning being that the currency is not subject to investor-protection laws. The chairmen of the SEC and the CFTC told senators …
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Should Bitcoins Be Taxed?
Posted by Chenglu Xia. In his article, “Bitcoin Will Be Taxed as an Asset: Israel Tax Authority,” Samburaj Das states that Israel government will have a new regulation on cryptocurrency. The official tax authority is making a change, transferring bitcoin’s role from the cryptocurrency to an asset. However, Israel’s official authority is not the only …
Rapper Charged With Fraud
Posted by Basil Almubaddil. On July 14, 2017, a renowned rapper by the name DMX pleaded not guilty to 14 charges against him concerning tax fraud. This was after he had spent a night in jail and later posted a $500,000 bond and he was released. According to the prosecutor, DMX whose real name is …
Takata’s Faulty Air Bag
Posted by Xiangni Meng. There have been at least 16 deaths caused by a ruptured Takata air bag inflator worldwide. The first U.S. death report of a Takata inflator is a 17-year-old high school senior, who died in Texas in a moderate speed crash. The most recent death in the United States was confirmed by U.S. safety …