Bank of London’s heavyweight board caught unawares by unpaid tax bill – Financial Times
Stay up to date with free updates Just sign up UK Bank myFT Digest – delivered straight to your inbox. The London bank's board and new management were not aware of the outstanding debt to the U.K. tax authority until HM Revenue and Customs applied to put the holding company into liquidation on Thursday, according […]
Business & Economy — IRS hunts down unpaid taxes
Welcome to The Hill's Business & Economics Newsletter {beacon} Business and Economics Business and Economics Full text Biden to sign executive order on labor standards during Michigan visit President Biden is expected to sign an executive order on Friday aimed at ensuring that federal agencies promote strict labor standards, including workplace safety, high wages […]
WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says – PBS NewsHour
WASHINGTON (AP) — The IRS has collected $1.3 billion from wealthy tax evaders since last fall, the agency announced Friday, thanks to spending that has boosted collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law for 2022. Treasury Secretary Janet Yellen and IRS Commissioner Danny Wuerfel traveled to […]
$1.3B in unpaid taxes recovered from high-income Americans
The Treasury Department announced Friday that it had collected $1.3 billion in unpaid taxes from high-income Americans. The recovered funds were part of the Biden administration's effort to help wealthy people meet their tax obligations under the Curb Inflation Act. According to a statement from the ministry:. Starting in February 2024, the IRS plans to […]
Hedge fund boss Ross Stevens sued over ‘unpaid bonuses’
The Wall Street hedge fund manager who recently rescinded a $100 million donation to the University of Pennsylvania on anti-Semitism grounds is now being sued over allegations that the company refused to pay a multimillion-dollar bonus owed to one of its former executives. Ross Stevens, who made headlines last December when he withdrew a huge […]
NJ toll troll racked up more than $25K in unpaid Port Authority fees
Time to pay your bill, troll. That’s the message the Port Authority is sending to a New Jersey squatter who owes $25,000 over four years in unpaid tolls, according to a new lawsuit filed this week in Manhattan Supreme Court. The lawsuit states that Jose Guzman, a Cumberland County resident, He owes $25,407 in unpaid […]
Tori Spelling, Dean McDermott owe $400K in unpaid debt on bank loan
Tori Spelling filed for divorce from estranged husband Dean McDermott earlier this year after 18 years of marriage, but the matter of an unpaid bank loan from 2012 has yet to be resolved. City National Bank is still trying to collect more than $400,000 in outstanding debt from Spelling & McDermott in a breach of […]
Bill Romanowski Declares Bankruptcy, Allegedly Owes The IRS $15.5 Million In Unpaid Taxes: REPORT
Taxes … they’re something that can break a man. Example A: NFL legend Bill Romanowski filed for bankruptcy Monday and allegedly owes the IRS a whopping $15.5 million in back taxes, according to court records obtained by USA Today. Romanowski and his wife, Julie, are reportedly being hit with accusations from the federal government that […]
Illegal Immigrants Cause $566 Million in Unpaid Healthcare Burden on Florida
Florida has passed a law requiring hospitals to publicly disclose the cost of unpaid treatment for immigrants, but previous reports suggest the state’s hospitals will lose a whopping $566 million in 2024 alone. Much of that loss is picked up by taxpayers. May 2023, Republican Governor Ron DeSantis signed Senate Bill 1718 requires health care […]
United asks pilots to take voluntary unpaid leave over Boeing delays
United Airlines is asking its pilots to take voluntary unpaid leave next month due to Boeing’s delivery delays, according to a memo sent to pilots. Due to the expected aircraft shortage, United Airlines said in a statement to the Post that “forecast block hours for 2024 will be shortened and May will offer pilots a […]