Astoundingly, it would also give legal status to all the world’s refugees regardless of the legitimacy of their claim to the status
Category: Economic
Democrats Shutdown U.S. Government
WASHINGTON, Jan. 20 (Xinhua) — The U.S. government is shutting down as the Senate failed to pass a stopgap spending bill. Negotiations between congressional lawmakers continue. Last-minute negotiations fell apart as Senate Democrats blocked a four-week short-term spending bill in a late night vote. It led to the fourth government shutdown over the past 25…
Federal Employees Get 8.5 Weeks Off A Year, Costing Taxpayers $22 Billion
Federal employees are given an average of 43 days off per year, costing taxpayers well over $22 billion for that luxury, government watchdog organization OpenTheBooks reported. Employees of the federal government are given, on average, 13 sick days, 10 federal holidays and 20 vacation days per year, according to the Tuesday OpenTheBooks study. Giving federal…
DHS Announces Program To Illegally Scan American Faces
Both Congress and the Department of Homeland Security have never justified the biometric scanners at airports that could cost Americans $1 billion in 2018. As TSA agents continue to prove their incompetence in the “War on Terror,” the Department of Homeland Security is now allocating $1 billion in taxpayer funding to create a facial recognition…
US taxes and FATCA: ‘The time for hiding is over’
The Local Client Studio 26 January 2016 09:12 CET+01:00 FATCA . Since July 2014, the five-letter acronym has instilled dread in the hearts of American expats all around the world. “The Foreign Account Tax Compliance Act (FATCA) requires banks to report information to the IRS regarding all financial accounts held by American clients,” Ines Zemelman,…
China toughens rules on overseas cash withdrawals
BEIJING, Dec. 30 (Xinhua) — China’s foreign exchange regulator on Saturday toughened the rules on overseas cash withdrawals from personal bank cards to curb money laundering, terrorist financing and tax evasion. The State Administration of Foreign Exchange (SAFE) said in a circular that the total amount of overseas cash withdrawals from all domestic bank cards…
US firms warn housing crisis could harm Ireland’s competitiveness
A representative body for US businesses, including some of the biggest employers in the country, has warned the housing crisis is so severe it could damage Ireland’s competitiveness. A report for the American Chamber of Commerce Ireland said more than 30,000 new one- and two-bedroom rental properties will be needed in Dublin by 2022 to…
Merkel rejects tax cuts, despite ‘record’ €54 billion surplus Single childless Germans pay 49 percent of their income on taxes
On Thursday the Finance Ministry announced that an extra €54.1 billion would roll into the German state coffers over the next five years. But that hasn’t moved the Chancellor to push for tax relief. “I think that we have to do something for those who very quickly end up in the highest tax category,” Angela…
Germany lost €32 billion to bankers in ‘biggest ever tax scandal
DPA/The Local news@thelocal.de @thelocalgermany 8 June 2017 10:33 CEST+02:00 _______________________________________ A report by German media on Wednesday claims that the German state lost at least €31.8 billion since 2001 through tricks by banker and brokers to manipulate tax payments and refunds. Research by Mannheim University professor Christoph Spengel shared with Die Zeit and broadcaster ARD…
IRS Teams up with banks to find Americans Anywhere in the world
American citizens must report their worldwide earnings and assets to the IRS no matter where in the world they live. With the implementation of FATCA, expats who have spent years avoiding this uncomfortable truth are being reminded of it — as well as being punished if they don’t comply. This development has led to many…
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