Category: Finance News

Jan 7

TaxWatch: This former top Obama official says auditing more rich people would raise $500 billion in personal-income tax

NICHOLAS KAMM/AFP via Getty Images Former Treasury Secretary Lawrence Summers recommends more investment in the IRS. The Internal Revenue Service is scrutinizing fewer and fewer individual tax returns as audit rates continue to decline from a high point 10 years ago. IRS auditors looked into a mere 0.45% of individual tax returns in fiscal year […]
Jan 6

Egypt's president says interfaith bond saved country

1 / 5 Egypt Coptic Christmas Romany, a Coptic man, left, holds his four-year-old son, for Eissa the barber to cut his hair, in preparation for the Coptic Christmas celebration, at a residential and industrial area of eastern Cairo, Egypt, Monday, Jan. 6, 2020. (AP Photo/Hamada Elrasam) CAIRO (AP) — Egyptian President Abdel Fattah el-Sissi […]