Business

U.S. Lawmakers Probe Tax Prep Firms Over Sharing Taxpayer Data with Big Tech

On Wednesday, October 25, U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to major tax preparation companies, including H&R Block and Intuit, maker of TurboTax. They asked whether the...

Seven Charged in Massive Australian Money Laundering Scam

On October 26, 2023, in Australia, authorities charged seven people in connection with laundering vast sums of money for a Chinese crime syndicate known as the Long River money...

DMV Halts Cruise’s Robotaxis Over Safety Concerns

The California Department of Motor Vehicles (DMV) announced on Tuesday, October 24, the suspension of permits for the San Francisco-based autonomous vehicle firm, Cruise LLC. The DMV's decision comes...

Retail Theft and Shrinkage Result in $112 Billion Loss for Stores in 2022

From various locations in the United States, it was reported that the retail industry suffered substantial losses last year. Retail theft, along with other factors of shrinkage, led to...

IRS to Launch Free Tax Return Electronic System in 13 States

The Internal Revenue Service (IRS) will begin a pilot program for its electronic free file tax return system in January. This experimental phase, set for the 2024 filing season,...

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