Taxation - Verity Lite

Taxation

A collection of 6 posts

US IRS to Hire 30K New Employees Under $80B Plan

US IRS to Hire 30K New Employees Under $80B Plan

As 12K employees are expected to retire by 2025, including 4.7K enforcement staff, the US Internal Revenue Service (IRS) said Thursday it would hire nearly 30K new employees and deploy new technology over the next two years as part of an $80B investment plan to improve tax enforcement and custome...

Money

UK Budget 2023: Economy Set to Avoid Recession

UK Budget 2023: Economy Set to Avoid Recession

Following UK Chancellor Jeremy Hunt's announcement of the 2023 budget, the Office for Budget Responsibility (OBR) forecast that the UK won't enter a technical recession this year, with inflation reportedly set to drop to 2.9% — a reduction by more than half its current rate — by the end of 20...

Taxation

Shell Reports Highest Profits in 115 Years

Shell Reports Highest Profits in 115 Years

On Thursday, oil and gas giant Shell reported record annual profits of $39.9B for 2022 after energy prices surged following Russia's invasion of Ukraine. The company's profits were double those from the previous year and its highest in 115 years....

Oil & gasoline

Energy: BP Profit Soars to Record $28B

Energy: BP Profit Soars to Record $28B

On Tuesday, British Petroleum (BP) reported a record profit of $28B for 2022

Oil & gasoline

UK: Pound Falls to Record Low Against US Dollar

UK: Pound Falls to Record Low Against US Dollar

The British pound slumped to an all time low against the US dollar on Monday, falling almost 5pc overnight to $1.0327. It later leveled out at $1.05 - around 2.9pc below the previous session's close....

Metaculus