ASSOCIATED PRESS The International Monetary Fund (IMF) is Pakistan’s new government. When it comes to major economic decisions, that is. IMF sets the policies that will either make or break the country’s economy. Early this month, the Washington-based institution gave Pakistan a $6 billion loan that helped the newly-elected government of Imran Khan cope with
Taxes
The IRS has begun sending letters to people with virtual currency transactions who may have failed to report income and pay taxes, or who did not report their transactions properly. By the end of August, more than 10,000 taxpayers will receive the letters, targets the IRS says it obtained through various ongoing IRS compliance efforts.
A burned European Union (EU) flag. Photographer: Konstantinos Tsakalidis/Bloomberg photo credit: © 2015 Bloomberg Finance LP © 2015 Bloomberg Finance LP There’s an eerie but placid tone in current U.S.-Europe relations. Investors should view it as the calm before the storm that could eventually wreak havoc across global financial markets. “It seems most likely that tensions
Share to facebook Share to twitter Share to linkedin Congress is once again trying to impose a carbon tax on the American people, with multiple bills coming from both Democrats and Republicans. It must be understood that a carbon tax would be one of the most regressive taxes the United States has ever seen. A Tesoro
Getty Taxpayers who deal – or even dabble – in virtual currency may be on the receiving end of a letter from the Internal Revenue Service (IRS) this month. The IRS has announced that they have begun sending letters to taxpayers who might have failed to report income and pay the resulting tax from virtual