New Jersey’s New Income Based ‘Equity’ Energy Rates Not Only Wrong, But Unconstitutional
TRENTON, NJ – The U.S. Constitution and the Bill of Rights might be above Governor Phil Murphy’s pay grade, but a new law that ties energy rates to a person’s income might…
South Korean households’ quarterly income falls for first time since Q2 2021 – govt data
SEOUL (Reuters) – South Korean households’ quarterly income declined on the year for the first time since the second quarter of 2021, government data showed on Thursday, amid cooling economic growth and…
Man charged with preparing false joint income tax return
HOUSTON – A tax preparer is set to appear in court on charges of preparing a false joint income tax return, announced U.S. Attorney Jennifer B. Lowery. Fabrice Mahinga is expected to…
Charity Operator Charged with Diverting Millions of Dollars of Charitable Funds and Evading Federal Income Tax
MIAMI – Douglas Sailors, 71, formerly of Parkland, Fla., and now living in Owensboro, Ky., was charged with conspiracy to commit mail and wire fraud as well as subscribing to a false…
SocGen net income tops forecasts in third quarter
PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as market volatility boosted trading revenues. SocGen, which…
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude…
Goldman’s Solomon: Undoing 40 years of ‘nationalized fixed income’ disruptive
DUBAI (Reuters) – Goldman Sachs CEO David Solomon said on Tuesday the world “nationalized fixed income markets” for 40 years and is in the process of privatizing them again, which “is disruptive.”…
S.Korea to scrap taxes for foreigners’ income from bonds – minister
SEOUL (Reuters) – South Korea’s finance minister said the government will scrap taxes on foreigners’ income from investments in treasury bonds and monetary stabilization bonds from Monday. Speaking to reporters late on…
Fed’s net income turned negative in September, but it was no surprise
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s net income turned negative in September, minutes from its most recent policy meeting showed, although the largely technical development – previously…
Non-Payment of Federal Income Tax on Cryptocurrency Earnings Leads to Conviction for South Florida Resident
MIAMI – Ethan Thomas Trainor, has pled guilty to attempted tax evasion. Trainor used sophisticated on-line techniques to conceal from the IRS over $1 million in cryptocurrency he earned through illegal dark…
UK to reverse cut to higher rate income tax – BBC
LONDON (Reuters) – The British government is expected to reverse the proposed scrapping of the highest rate of income tax that has sparked a backlash in the governing Conservative Party, the BBC…
Father, daughter tax preparers sentenced for income tax filing fraud
AUGUSTA, GA: A Richmond County man and his daughter have been sentenced after admitting they filed fraudulently inflated tax returns on behalf of clients. Ezra Hatcher Sr., 67, of Hephzibah, Ga., was…
Under Biden, Income Inequality Spikes For First Time In Ten Years
Under Biden, Income Inequality Spikes For First Time In Ten Years John Hugh DeMastri on September 13, 2022 The Gini index, a common measure of the inequality between the lowest and highest…
Bank of America CEO predicts income boost from higher rates
NEW YORK (Reuters) – Bank of America Corp expects a “big bump” in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.…
Rankin County Woman Found Guilty of Conspiring to Falsify Business and Income Records
Jackson, Miss. – A Pearl woman was found guilty by a federal jury on Wednesday, August 24, 2022, of conspiring to falsify business and income records with the intent to obstruct a…
Irish budget surplus may reach 2% of national income in 2022-watchdog
DUBLIN (Reuters) – Ireland’s budget surplus could reach 2% of gross national income this year, the country’s fiscal watchdog said on Wednesday, significantly ahead of the 0.5% the finance ministry forecast when…
Georgia Dem Doubled Income One Year After Becoming Senator
Georgia Dem Doubled Income One Year After Becoming Senator Jack McEvoy on August 29, 2022 Democratic Sen. Raphael Warnock of Georgia doubled his income after being elected senator, with more than half…
Fed staff sees bond portfolio income turning negative in coming months
(Reuters) – Federal Reserve staff expect the net income from the Fed’s holdings of more than $8 trillion of bonds to “turn negative in coming months,” a readout of the central bank’s…
Wapello Man Sentenced to Six Months in Federal Prison For Failing to File Income Tax Returns
DES MOINES, IA – Bradley Earl Ewart, age 51, of Wapello, was sentenced Monday, August 1, 2022, to 6 months in prison for failing to file income tax returns. Ewart pleaded guilty…
Three in Lebanon Charged in Schemes to Smuggle Weapons from Cleveland and Income Tax Evasion
Federal law enforcement officials announced today that three indictments were unsealed in federal court, detailing charges against three men, two formerly of Northeast Ohio, who are believed to be currently residing in…
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance Ministry said on Thursday as it also…
Ocean City Business Owner Admits to Intentionally Failing to Report $70,000 in Annual Income Tax
Baltimore, Maryland – Sunil Chawla (“Chawla”), age 66, of Berlin, Maryland, pleaded guilty today to tax fraud. As part of his plea agreement, Chawla will be required to pay $70,000 in restitution. …
Factbox-G7 seeks to curb Russian oil income through price cap
BRUSSELS – The Group of Seven rich nations are debating a global price cap for Russian oil that would curb Moscow’s energy revenues and potentially limit its ability to fund its invasion…
Bay Village Man Pleads Guilty to Filing False Income Tax Return
A Bay Village man pleaded guilty today to an Information charging him with filing a false income tax return. According to court documents, in April 2018, Douglas Fischback, 58, of Bay Village,…
Former Prince George’s County Police Department Lieutenant Pleads Guilty to Federal Tax Evasion Charge for Failing to Report More Than $1.3 Million in Income from His Security Business
Greenbelt, Maryland – Edward Scott Finn, age 48, of Dunkirk, Maryland, pleaded guilty today to a federal tax evasion charge. Finn is a former Lieutenant with the Prince George’s County Police Department…
Refuse Company Co-Owner Sentenced to Prison for Filing False Income Tax Returns that Underreported Business Income
PITTSBURGH – A resident of West Alexander, Pennsylvania, has been sentenced in federal court in Pittsburgh to 6 months’ imprisonment and one-year supervised release on her conviction of filing a false income…
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