Things are tough for corrupt government officials. After taking bribes or skimming from public funds and development loans, they often end up with piles of cumbersome cash. A former public works minister in Argentina tried to bury his bags of money at a convent, but that ended badly. Other officials create shell companies and offshore accounts to hide their side income, but that also can backfire. Smith School instructor David P. Weber says criminals must follow a three-step process to convert suspicious cash into deposits for legitimate
“Divorces are tough,” says Smith School economist Peter Morici. But Britain nonetheless should break from the “shackles” of its union to a Europe economy locked in ruinous cycles of debt crises and high unemployment. "The EU suffers from chronic slow growth thanks to a smothering bureaucracy and single currency," Morici says. Other Smith School professors foresee challenges if United Kingdom voters opt to separate
The European Commission last week released details of its ongoing investigation of a Luxembourg-McDonald’s “sweetheart” tax deal and shined new light on “Europe’s new tax raid.” Regulators are focusing, in part, on Luxembourg as a tax haven. The deal gives a window to the complexity of interpreting and regulating cross-border tax rules and advance pricing arrangements, says Smith School finance professor Michael Faulkender
The Supply Chain Management Center at the University of Maryland’s Robert H. Smith School of Business will collaborate with the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST), on a first of its kind risk assessment project.
The University of Maryland’s Robert H. Smith School of Business is excited to announce some favorite books in the "13th Annual Top-10 Summer Reading List for Business Leaders" for 2016, as recommended by members of its faculty and administrators.