Legal & Regulatory

IRS Tax Deadline 2024: States Extending Filing Deadline to November

IRS Set to Increase Audit Rates for Wealthy Taxpayers, Large Corporations, Business Partnerships

The audit rate for large corporations with assets exceeding $250 million is expected to almost triple, rising from 8.8% in 2019 to an estimated 22.6% by 2026.


Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration

The Affordable Connectivity Program's (ACP) funding is declining, leaving New Yorkers wondering how they will afford broadband internet in their homes.

Baltimore Bridge Collapse Update: Insurer Chubb Preparing $350M Payout, But Is This Enough?

Baltimore Bridge's insurer, Chubb, is allegedly preparing a $350 million payout for the incident.

Philippine Government Presses Criminal Charges on Trading Company Over $3.4M in Fake Receipts

Philippine authorities charge a trading company for using $3.4M in fake receipts to evade taxes, reinforcing the crackdown on financial fraud.


Latest News

Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules
Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England.
Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology
The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine.
Missouri Residents Inch Closer to Voting to Minimum Wage Increase
Missouri residents may have the opportunity to vote on a potential increase to the minimum wage this November.
restaurant
A new rule banning hidden service fees may oblige some California restaurants to remove them from customers' bills.
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Amazon CEO Andy Jassy Violates Federal Labor Law With Anti-Union Comments, NLRB Finds
Amazon CEO Andy Jassy was found to have violated federal labor law due to comments he made regarding unionization at the company.
US Regulators Target Huawei Lab in Broad China Tech Crackdown
Regulators blocked a Huawei Technologies Co. lab from licensing telecommunications equipment in the United States.
Johnson & Johnson To Settle All Thousands of Talc-Linked Ovarian Cancer Lawsuits—Is $6.5 Billion Settlement Enough?
Johnson & Johnson proposed a settlement plan to settle all the thousands of lawsuits it faces in the U.S. The company is accused of selling talc-based products that could cause ovarian cancer.
US Sanctions Hundrends of Chinese, Russian Suppliers Over Putin Invasion Support Accusations
The U.S. announced fresh sanctions against hundreds of Chinese and Russian suppliers. The U. S. government announced fresh sanctions against Chinese and Russian suppliers on Wednesday, May 1.
UK Investigates OnlyFans, Accussing Online Adult Platform of Failing To Prevent Children From Having Access
The UK is now investigating the OnlyFans age verification issue, alleging it is failing to prevent kids from having access.
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