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Letter
Letter: IRS is right to avoid allure of unworkable tax schemes
...At the federal level, there is a record $688bn tax gap of uncollected revenue that needs to be closed. The IRS has finally begun to make real progress on enforcement in this area....
February 16, 2024
US tax
US tax agency targets executives’ personal use of corporate jets
...“Personal use of corporate jets and other aircraft by executives and others have tax implications, and it’s a complex area where IRS work has been stretched thin,” IRS commissioner Danny Werfel said in a...
February 21, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
News updates from December 20: S&P 500 falls the most in three months, Toshiba delists and enters private hands
US revenue agency to waive $1bn in back taxes penalties
...The IRS said it would forgo penalty payments from individuals, businesses and non-profits, most of whom earned less than $100,000 annually from the 2020 and 2021 fiscal years....
December 19, 2023
Letter
Letter: Troubles-era commission offers point of clarification
...Sir Declan MorganChief Commissioner, ICRIR, Belfast, UK...
March 4, 2024
Letter
Letter: Singapore’s rule of law is based on its constitution
...Ng Teck Hean High Commissioner, Republic of Singapore London SW1, UK...
April 8, 2024
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
Microsoft says IRS has demanded $28.9bn in back taxes
...The software company said on Wednesday that it had received notices from the IRS seeking to adjust its tax liability for the decade between 2004-13....
October 11, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
News updates from October 12: US inflation hotter than expected in September, FCA bans Staley
Microsoft says IRS has demanded $28.9bn in back taxes
...The software company said on Wednesday that it had received notices from the IRS seeking to adjust its tax liability for the decade between 2004-13....
October 11, 2023
Technology
FTAV’s further reading
...AI English (The Guardian) — Bronx tax preparer known as ‘the Magician’ charged by IRS in $100 million fraud (NBC New York) — Tory MP allegedly demanded campaign cash to pay ‘bad people’ (The Times)...
April 18, 2024
FTX Trading Ltd
FTX customers in line for higher payouts as crypto prices soar
...One person with knowledge of the negotiations said that the parties discussing the payouts are operating under the assumption that the IRS will do so. The IRS declined to comment....
March 25, 2024
Darktrace
Shorts scorched at Darktrace
...Copies of the following documents will be available promptly on Darktrace’s website, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, at https://ir.darktrace.com...
April 26, 2024
Germany
German military still faxes documents and cannot radio allies, official warns
...Alongside digital and communications problems, the commissioner cited recruitment and infrastructure as the two biggest challenges for the Bundeswehr....
March 12, 2024
Due Diligence
Goldman Sachs: not all co-heads are made equal Premium content
...Thanks to the Inflation Reduction Act of 2022, the IRS is flush with cash to spend on enforcement....
February 23, 2024
Microsoft Corp
Microsoft says IRS has demanded $28.9bn in back taxes
...Along with the investigation of its 2004-13 tax payments, Microsoft is also being audited by the IRS over its tax returns for 2014-17....
October 11, 2023
News updates from February 22: Global stock markets hit record highs, Nvidia smashes record for one-day valuation increase
US tax agency targets executives’ personal use of corporate jets
...The IRS said it had not given the issue close scrutiny for about 10 years because it had lacked the resources to do so, but that had changed after the Inflation Reduction Act of 2022 allocated $80bn to the...
February 21, 2024
News updates from February 21: Nvidia posts rosy revenue outlook, EU to sanction Chinese and Indian companies for Russia links
US tax agency targets executives’ personal use of corporate jets
...The IRS said it had not given the issue close scrutiny for about 10 years because it had lacked the resources to do so, but that had changed after the Inflation Reduction Act of 2022 allocated $80bn to the...
February 21, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Cryptofinance
New York regulators threaten crypto’s festive spirit Premium content
...While we’re on the subject of the IRS, the tax agency was blasted by bankrupt exchange FTX this week for chasing billions of dollars in tax liabilities from the collapsed trading venue....
December 15, 2023
Elon Musk
Musk to fight Australian injunction to hide church attack videos on X
...The commissioner can levy fines of up to A$782,500 per contravention of a removal notice....
April 23, 2024
Letter
Letter: Let’s put a philanthropist on Foreign Office plinth
...Crispin Simon Chief Executive, UK Trade and Investment (2013-14), HM Trade Commissioner, South Asia (2017-2020) Combe Hay, Somerset, UK...
April 17, 2024
Brexit
EU to call for easier visas for scientists as UK rejoins Horizon
...Iliana Ivanova, the EU research commissioner, will discuss the problem with British counterparts including Michelle Donelan, secretary of state for science, innovation and technology on a visit to London...
February 12, 2024
Live news: Bernie Sanders to lead US Senate probe of Ozempic pricing
TikTok suspends reward programme on concerns of EU violation
...Reacting to the announcement, Thierry Breton, the commissioner incharge of enforcing the digital rules, said: “Our children are not guinea pigs for social media.”...
April 24, 2024
Information Commissioner's Office
UK move to curb benefit fraud triggers privacy concerns
...“This [Information Commissioner’s Office scrutiny] is particularly important given the significant intrusion that this measure allows....
December 19, 2023
News updates from April 22: Huw Edwards resigns from BBC; Head of Israeli military intelligence to resign
UN warns aviation authorities against Rwanda deportation flights
...Experts from the office of the United Nations High Commissioner for Human Rights said removing asylum-seekers to the central African country, or anywhere else from where they would be at risk of being sent...
April 22, 2024
Trade SecretsAlan Beattie
The colonialist overtones of EU’s green trade crusade
...The Democratic Republic of Congo in 2010 banned the Belgian official Karel De Gucht, then the EU’s development commissioner (and later trade commissioner), from the country over comments he made about the...
April 25, 2024
FirstFT
FirstFT: Israel’s war cabinet readies for invasion
...attractive than some of those of individual European countries....
October 12, 2023
Day 22 of Israel conflict as it happened: Israeli forces expand ground offensive in Gaza
UN human rights commissioner warns of ‘catastrophic’ consequences of large-scale ground operations
...The UN High Commissioner for Human Rights has warned of “devastating and long lasting” consequences from the war in Gaza....
October 28, 2023

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