The Fortunes of War

Author(s):  
Nicholas A. Lambert
Keyword(s):  

Reports through back channels concerning events at the Dardanelles generated doubts in London over the reliability of the commanding admiral’s assessment. The War Council nevertheless sent reinforcements to Dardanelles to maximize chances of victory. Unexpectedly, the Russians turned against the operation—fearful that it might succeed. On March 18, Anglo-French fleet attacking the Dardanelles suffered disaster. With Kitchener’s and Churchill’s support, Asquith decided that the attack must continue at all costs and ordered a risky amphibious assault. Because a majority of the War Council now opposed the operation, Asquith did not summon it to endorse his decision. Adding to Asquith’s desperation for success, the wheat crisis worsened when the traders realized the British government’s secret policy of price manipulation. They withdrew from the market, causing British wheat imports to dry up.

2012 ◽  
Author(s):  
Bedri Kamil Onur Tas ◽  
Serkan Imisiker ◽  
Rasim Ozcan
Keyword(s):  

2018 ◽  
Vol 56 (2) ◽  
pp. 245-259 ◽  
Author(s):  
Aurelius Aaron ◽  
Deddy P. Koesrindartoto ◽  
Ryuta Takashima

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cecília Olexová ◽  
Milan Husťák ◽  
František Sudzina

Purpose The purpose of this paper is to analyse the effects of carousel fraud on the average price of goods, as one of the negative economic aspects of carousel fraud. Design/methodology/approach This paper is primarily based on the description of selected legal cases and the modus operandi of carousel fraud, the analysis of legal texts (legislation and judgments of courts) and the discussion, from the point of view of price manipulation. Findings The results of the analysis specify the negative impact of carousel fraud in the form of the distortion of reported average prices and suggest that the authorities should monitor usual or fair prices to detect cases where there is a risk of carousel fraud. Originality/value This paper brings new insight into the issue of carousel frauds by understanding the principle of carousel fraud, the motives for it, and the possibilities for detecting this type of tax fraud, which is necessary to prevent tax evasion and to preserve a state’s income.


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