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" ... Americans who work a salaried job often have money from each paycheck withheld by their employer and remitted directly to the Internal Revenue Service (IRS). This provides the government with a regular stream of income and also helps mitigate large tax bills for individuals. Since 1996, states have been required to offer the same withholding for regular unemployment benefits; however, “states were not required to offer that option for all pandemic benefits,” according to Evermore. Additionally, the Employment Development Department (EDD) did not withhold taxes from either the $600 federal unemployment booster or the $300 Lost Wages Assistance benefits that were paid last fall. ... "
" ... Most taxes due on wages are paid largely because they are withheld automatically and the earnings of workers are fully reported to the IRS. “While roughly 99% of the taxes due on wages are remitted to the Internal Revenue Service, compliance across other forms of income is substantially less,” the Treasury Department said Wednesday. ... "
" ... Remarkably, the $10 billion already remitted to global regulators goes no way toward addressing investors disadvantaged by the dodgy dealings, who are forced to mount their own legal battle to seek redress. Which all looks a little bit like state regulators filling public coffers on the back of devious practices in the financial markets. ... "
" ... The VAT refund industry is currently an effective duopoly between Global Blue and Planet Payment. However, the inherently competitive nature of the market (what economists refer to as Bertrand Competition) forces each firm to spend large amounts of money to acquire market share, primarily by refunding the retailers a portion of each refund processed. In the last few years the fraction of the refund remitted to the retailer has been increasing, concomitantly shrinking the consumer’s portion. An outcome where the retailer and rebate operator receive much of the VAT refund does relatively little to boost tourist spending. ... "
" ... This is where the pandemic has really had an impact. Before, unaccompanied children would be processed by various U.S. agencies as they go through the asylum process. Now they are being remitted immediately back to Honduras. This makes it very difficult to coordinate protections. There is also very little advance notice that these kids are coming in. ... "