Month: February 2022

damircudic | E+ | Getty Images As the IRS struggles with a backlog of millions of returns, the agency has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes.   However, a suspended notice doesn’t mean interest stops accruing on outstanding balances, said National Taxpayer Advocate Erin Collins
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Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany’s annual Munich Security Conference, Gates, co-chair of the Bill & Melinda Gates Foundation, said that a potential new pandemic would likely stem from a different pathogen
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Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Friday pledged a crackdown on student loan servicers that flout rules on loan forgiveness for public servants. The government agency said it “plans to prioritize” oversight of student loans in the coming year, with a “specific focus” on monitoring how servicers are engaging with
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Developed countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes. The mix of tax policies can influence how distortionary or neutral a tax system is. Taxes on income can create more economic harm than taxes on consumption and property.
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