Who we need to help v deter to drive down tax gap
Washington Post, The IRS Paid $3 Billion in Interest to Taxpayers Because It Failed to Get Refunds Out on Time:
The IRS penalizes taxpayers who don’t pay their tax bills on time, but the agency’s own delays are costing taxpayers billions of dollars as well.
The IRS paid $3.03 billion — yes that’s with a “b” — in interest on delayed refunds to taxpayers for fiscal 2020 because it didn’t get the payments to them in time, according to a report released by the Government Accountability Office this week [Actions Needed to Address Processing Delays and Risks to the 2021 Filing Season (GAO-21-251) (Mar. 1, 2021)]. That’s almost a 50 percent increase compared with the $2.06 billion paid in interest on refunds in fiscal 2019.
Do conversations end when people want them to?And more here.
Toronto Star to launch on-line casino to fund its journalism.
The missing trillions: The hidden cost of energy externalities University of Sussex (Robert M). So the price won’t be high enoug
Athol Williams on why companies involved in State Capture should be prosecuted Business Maverick (Mark T). SA whistleblower v. Bain. Note:
McKinsey entered into thoroughly corrupt contracts with Transnet, SAA and Eskom – and Bain with SARS and SAA. They should be subject to criminal investigation.
How some people can end up living at airports for months – even years – at a time The Conversation
Sidewalk robots get legal rights as “pedestrians”Axios
Is evil a matter of personality or a condition of society? Times Literary Supplement