Writing off groceries as a corporate expense, a common practice among Chile’s wealthy, will get harder as the government moves to clamp down on tax avoidance to raise revenue needed to pay for social programs.
Bernard Madoff’s five ex-aides on trial for fraud were like children who discovered Santa Claus was a sham and played along to get more gifts, a prosecutor told jurors who will begin deliberating as soon as today.
Bernard Madoff’s inner circle moved a step closer to learning its fate as a jury prepared to decide whether the group’s members aided a $17.5 billion Ponzi scheme in the first criminal trial stemming from the fraud.
E-cigarettes facing municipal bans and scrutiny by U.S. regulators received a new slap on the wrist from scientists: A report today suggests the devices may be a gateway to old-fashioned, cancer-causing smokes for teens.
This Christmas, whether you celebrate the arrival of Santa Claus, the birth of Jesus Christ or the chance to eat Chinese food and see any movie you want, spare a thought for Pope Liberius. He’s the man responsible for setting its date as Dec. 25.
Paul Desmarais III, scion of one of Canada’s richest families, is pitching a tent in the snow. Timothy Hodgson, a former Goldman Sachs Group Inc. banker, is juggling balls with soldiers in a team-building exercise, while the head of Barclays Plc in Canada struggles to snowshoe dragging a 25-pound sled.
A folk art collection assembled by Ralph O. Esmerian, the former chairman emeritus of the American Folk Art Museum serving a six-year federal prison sentence for fraud, fetched a record $13 million at Sotheby’s in New York.