Federal Taxes, Spending and Deficit All Set Records Through May
The federal government set new records in the taxes it collected, the spending it engaged in and the deficit it ran through the first eight months of fiscal 2021 (October through May), according to the Monthly Treasury Statement.
IRS Data Trove Shows How The Super Wealthy Pay Such Little Taxes: Report
The super wealthy — including billionaires Jeff Bezos, Elon Musk and Michael Bloomberg — have skirted large amounts of taxes for years, according to a large trove of federal tax data obtained by ProPublica.
IRS chief asks Congress for authority and resources to regulate cryptocurrencies
Internal Revenue Service Commissioner Charles Rettig on Tuesday asked Congress for new authority and resources in order to regulate cryptocurrencies for better tax collection and to avoid frauds and scams.
New Crisis? EU Claims Millions Die Of Pollution
As the European Union slowly emerges from coronavirus lockdowns, thousands of delegates gathered to tackle another perceived crisis: pollution. The EU Green Week 2021 included a virtual conference amid concerns that millions of people “prematurely die”…
G-7 Ministers Agree On Biden’s Global Tax Plan
In a victory for U.S. President Joe Biden, finance ministers for the G-7 advanced economies agreed on an accord to reshape the tax obligations of multinational corporations worldwide.
Russia Removes Opposition Leader From Plane; Andrei Pivovarov Detained
The leader of the now-defunct opposition group Open Russia says he has been pulled off a plane and detained by Russian police in St. Petersburg late Monday.
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