$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The Wall Street hedge fund manager who recently rescinded a $100 million donation to the University of Pennsylvania on anti-Semitism grounds is now being sued over allegations that the company refused to pay a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 […]