Canada is one of the wealthiest countries in the world. For generations, this has meant Canada is a place where everyone could secure a better future for themselves and their children. This is in no small part is due to our commitment to progressive taxation, investments in Canada’s strong social safety net, and an effective, … Read more
British actor Hugh Grant settled a lawsuit against the publisher of The Sun over claims of phone tapping and burglary. Grant, known for films like “Love Actually” and “Notting Hill,” has been a vocal advocate for press reform. The settlement raises questions about the publisher’s long-held position of denying wrongdoing. Grant did not want to settle but feared the high legal costs if he lost at trial. The settlement may prevent a trial over unlawful information-gathering, but Prince Harry’s lawsuit against the publisher continues.
Authorities in Paphos collected €30,615 in unpaid fines through an operation to execute warrants.
Venture capital investment in UK companies fell in the first three months of 2024, reaching the lowest level since the second quarter of 2020.
Morgan Stanley’s first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management. Investment banking revenue climbed 16% and fixed-income underwriting did well. The bank reported a profit of .02 per share, surpassing analysts’ estimates. Wealth management revenue rose to .9 billion, with new assets climbing to billion. The bank’s asset management unit is aiming to double its private credit portfolio to billion in the medium term.
– Some H&R Block customers faced frustrating outages when trying to file their taxes on the last day
– The outage was resolved by Monday afternoon
– The IRS deadline to file for 2023 was Monday at 11:59 pm
– The bad gateway error affected some desktop software users
– Customers were advised to either file again or print, file, and mail the form to the IRS
– Some customers were charged multiple times when attempting to file their taxes
– Customers who encounter tech glitches can avoid penalties by mailing in their payment by the deadline
– Taxpayers in Maine and Massachusetts have until April 17 to file their taxes
The federal government is increasing capital gains taxes on wealthy individuals and companies to finance new spending on housing and other government priorities.
Monks involved in a money laundering scandal at the Osiou Avakoum monastery have filed an appeal to have €807,000 cash seized in an investigation returned to them. They also want their bank accounts unfrozen and their property returned. The monks claim the money was part of a property donation for the construction of a multi-purpose building in Lythrodontas. A hearing date has been set for April 26.
€807,000 found at the Habakkuk Monastery was handed over to the police by bishop Isaiah. The money was intended for the construction of a multi-purpose building in the Lycrodontas area for the residence of monks and clergy, as well as an educational center. The monks claim the money came from the sale of immovable property owned by third parties and was managed by the abbot Nektarios for a specific purpose. The freeze orders issued on the money and the monks’ accounts are being challenged in court.
Tax prep companies like Intuit’s TurboTax and H&R Block are taking an extra 9 hours and 0 from their average customer in low-income neighborhoods. These companies target low-income Black and Brown communities, coercing them into paying for services that are actually available for free. They use deceptive advertising, overcharging, and hiding free options to exploit economically disadvantaged communities. The companies primarily hire unqualified preparers and saturate neighborhoods with their services. The IRS Direct File pilot program offers a free alternative to costly tax preparation services in 12 states, empowering working-class people to keep money in their pockets.