Day: October 5, 2018


First Lead Role in Decade…

Eastwood’s lastest directorial effort is opening this December from Warner Bros.

"The Mule"

Warner Bros./YouTube

Warner Bros. made a surprise announcement last month when it revealed Clint Eastwood’s latest directorial effort, “The Mule,” was finished and ready to be released in December. The movie is Eastwood’s second directing project of the year, following “The 15:17 to Paris,” but it’s notable for bringing the 88-year-old back in front of the camera as an actor for the first time since 2012’s “Trouble With the Curve.”

Read More:Clint Eastwood Invades Oscar Season: Warner Bros. Sets ‘The Mule’ for December Release

“The Mule” stars Eastwood as Earl Stone, an 80-year-old who becomes a drug courier for a Mexican cartel. The story is based on the real life of World War II veteran Leo Sharp. Eastwood hasn’t been the lead actor in a film since 2008’s “Gran Torino,” and “The Mule” might just be his final acting role. The supporting cast includes Eastwood’s “American Sniper” star Bradley Cooper, plus Dianne Wiest and Michael Peña.

Warner Bros. will release “The Mule” nationwide December 14. Watch the official trailer below.

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Era of bank secrecy ends as Swiss start sharing account data…

ZURICH (Reuters) – The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries.

FILE PHOTO: A surveillance camera (CCTV) of the Swiss National Bank (SNB) is pictured in front of the Swiss Federal Palace (Bundeshaus) in Bern, Switzerland, July 2, 2018. REUTERS/Denis Balibouse/File Photo

The Federal Tax Administration (FTA) said on Friday it had for the first time exchanged financial account data at the end of September under global standards that aim to crack down on tax cheats.

Bank secrecy still exists in some areas — Swiss authorities cannot automatically see what citizens have in their domestic bank accounts, for example — but gone are the days when well-paid European professionals could stash wealth across the border and beyond the prying eyes of their tax man.

FILE PHOTO: Climbers place a huge 80×80 metres (262×262 feet) Swiss national flag on the western face of the north-eastern Swiss landmark Mount Saentis, Switzerland July 31, 2018. REUTERS/Arnd Wiegmann/File Photo

The initial exchange was supposed to be with European Union countries plus nine other jurisdictions: Australia, Canada, Guernsey, Iceland, Isle of Man, Japan, Jersey, Norway and South Korea.

“Cyprus and Romania are currently excluded as they do not yet meet the international requirements on confidentiality and data security,” the FTA said.

Transmission of data to Australia and France was delayed “as these states could not yet deliver data to the FTA due to technical reasons”, it said, adding that it also had not yet received data from Croatia, Estonia and Poland.

About 7,000 banks, trusts, insurers and other financial institutions registered with the FTA collect data on millions of accounts and send them on the Swiss tax agency. The FTA in turn sent information on around two million accounts to partner states. It put no value on the accounts in question.

FILE PHOTO: A Swiss flag is pictured in front of the Federal Palace (Bundeshaus) is pictured in Bern, Switzerland, January 16, 2017. REUTERS/Denis Balibouse/File Photo

The information includes the owner’s name, address, country of residence and tax identification number as well as the reporting institution, account balance and capital income. This lets authorities check whether taxpayers have correctly declared their foreign financial accounts.

The annual data swap will expand next year to about 80 partner states, provided they meet requirements on confidentiality and data security. The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes reviews states’ implementation of the accord.

Under international pressure, Swiss banking secrecy has weakened for years, meaning rich people from around the world can no longer easily use the Alpine republic to hide wealth.

The changes have put Switzerland in fierce competition with faster-growing centers like Hong Kong and Singapore.

Our Standards:The Thomson Reuters Trust Principles.

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Chinese spy chips said to be found in hardware used by APPLE, AMAZON…

Chinese spy chips said to be found in hardware used by APPLE, AMAZON...

(Second column, 11th story, link)

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Stealing secrets…

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