DOJ Tax issued this press release: Florida Man Sentenced for Evading Taxes on Millions in Secret Offshore Bank Accounts (2/14/21), here. Key excerpts are:
A resident of Palm Beach County, Florida, was sentenced to 24 months in prison for not reporting his foreign financial accounts from 2006 through 2015 and for willfully evading the assessment of millions in taxes from 2007 through 2014.
CRS In Focus – Updated May 7, 2021 Deep Fakesand National Security – “Deep fakes”—a term that first emerged in 2017 to describe realistic photo, audio, video, and other forgeries generated with artificial intelligence (AI) technologies—could present a variety of national security challenges in the years to come. As these technologies continue to mature, they could hold significant implications for congressional oversight, U.S. defense authorizations and appropriations, and the regulation of social media platforms…”
Talk of labor shortages is everywhere. What is really going on? Economic Policy Institute. Key point:
The footprint of a labor shortage is very fast wage growth. Does that mean wage levels in leisure and hospitality are now too high? No. These wages plummeted in the recession and have just regained their pre-COVID trend—i.e., they are now roughly where they would be if COVID had never happened. In fact, the current average weekly wage for nonsupervisory workers in leisure and hospitality translates into annual earnings of $20,628. Yes, you read that right. $20,628.