The most comprehensive look at how that might be accomplished can be found in a report published in July by the Paris-based Financial Action Task Force, or FATF. The intergovernmental watchdog group noted in the report that ethnically or racially motivated extremist groups raise money in a variety of ways, including through crowdfunding campaigns, real-estate rentals, membership fees, and events, in addition to such illicit activity as drug trafficking, fraud, and the exploitation of nonprofit organizations. Once raised, the funds are typically moved into banks, money services businesses, and cryptocurrencies, or else retained as cash, FATF concluded. The groups then spend the money on weapons, equipment, propaganda efforts, recruitment campaigns, and training.
The threat of terrorism is evolving — are we evolving with it?
Extend the power of the AAT to pause or modify ATO debt recovery action
The I.R.S. Warns of Messy Tax Filing Season
Bloomberg Businessweek, Customer Service at the IRS Is So Bad, Even Tax Pros Are Fed Up:
As tax season approaches, the agency is short-staffed, underfunded, and so overwhelmed with calls that even a phone number for VIPs is a bust.
Reaching the IRS has always been an exercise in patience. But years of budget cuts have pushed the agency to the limit. Its customer service workforce has shrunk more than 40% since 2010, according to the most recent data, and the agency is struggling to fill vacancies amid a labor shortage—handcuffed by a federal pay scale that starts college graduates at little more than fast-food wages.
ASIC releases guidance for tax (financial) advisers
Privacy of corporate taxpayer information in the Australian tax system
The New York Times, Dec. 28, 2021: “In October, as we marked the Book Review’s 125th anniversary, we invited readers to nominate the best book published during that time. This was a nod to our history: In its first few decades, the Book Review often asked readers to anoint the best books, the best short stories, the best poems. We wanted this project, like those early ones, to reflect readers’ tastes and preferences. Responses began pouring in from all 50 states and 67 countries. In November, we presented a list of the 25 most-nominated books (one per author) for a vote. After tallying more than 200,000 ballots, the winner, by a narrow margin, is…”
The Feds vice chair is resigning early after trading scandal deepened.
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LET’S GO BRANDON: Billionaire supermarket CEO warns of potential meat, egg shortage as omicron disrupts US supply chain.
The recent impact of omicron on the U.S. supply chain has caused grocery prices to increase and could soon impact the supply of meat and eggs, according to billionaire Gristedes CEO John Catsimatidis.
“Omicron is taking its toll at different levels of the supply chain, whether it’s the warehouses, whether it’s the selectors, the drivers the loaders – and as they call in sick there are interruptions in the system,” Catsimatidis told Todd Piroduring an appearance on “Fox & Friends First.”
Catsimatidis went on to say that many of these interruptions will continue over the next 6 weeks as the COVID-19 variant impacts the labor market. The United Refining Company owner added that the Northeast in particular is seeing the price of various products, including eggs, poultry, and beef, go up because of low supply and high demand.
Related: Supply-Chain Issues Leave New Homes Without Garage Doors and Gutters.
Builders are scrambling to find new suppliers, stock up on building products and use substitute materials. Some are scouring retail big-box stores for products they can’t find through the normal supply channels.