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Thinking about hiding money overseas? Think again. The Internal Revenue Services has increased measures to makes sure Americans are not hiding their taxable income abroad. The U.S. government has added to the Foreign Account Tax Compliance Act (FATCA) requiring foreign banks to release US citizen’s account information to the IRS.(…)
It’s been a bad week for Nebraska – as well as Governor Ricketts being accused of going back on his promises of transparency, the state is also reeling from the abrupt exit of ConAgra and the loss of 1,000 jobs. Ricketts is being blamed for this too, criticized for “spending(…)
The state of Pennsylvania cannot manage to pass a budget and education is suffering as a result. According to the state Auditor General Eugene DePasquale, school districts in Pennsylvania have been forced to borrow an astonishing $350 million as they wait for bureaucrats and politicians to come to terms on(…)
Once again the Federal Aviation Authority stands accused of halting aviation innovation, with industry insiders blaming the authority for holding back the development of electric planes. The culprit is a specific phrase in the pages and pages of FAA flying rules, which says that all planes in the Light Sports(…)
The Office of the Inspector General has recovered more than $2.4 million in taxpayer money stolen by federal employees from 2010 to 2014 to fill up their personal gas tanks. While taking back the illicitly taken fuel money is a positive sign, that sum may just be a drop in(…)
