corruption scandal

This tag is associated with 2 posts

Russia: Losing The 2018 World Cup Could Have A Positive Impact On The Economy

Posted by ETFalpha ⋅ June 3, 2015 ⋅ Leave a comment

Russia’s plan of hosting the 2018 FIFA World Cup could be in jeopardy after the president of soccer’s international governing body, Joseph “Sepp” Blatter, announced on Tuesday that he would resign. “Bank of America Merrill Lynch’s Vladimir Osakovskiy estimated that the total cost of the event would pump around $50 billion in to the economy,” Business Insider reports. The … Continue reading →

More Woes For Brazil As Authorities Uncover Massive $6B Tax Fraud At Finance Ministry

Posted by EM_Equity ⋅ March 30, 2015 ⋅ 1 Comment

Brazilian authorities said they uncovered a massive tax fraud scheme on Thursday at the Finance Ministry’s tax appeals board that could have cost taxpayers up to 19 billion reais ($5.96 billion), Reuters reports. The news of the alleged tax evading practices comes at a particularly troublesome time for the nation as it is still reeling from a multibillion-dollar corruption … Continue reading →