From WSJopinion: On your next trip to the ATM, imagine that Uncle Sam is looking over your shoulder. As if your annual tax filing wasn’t invasive enough, the Biden Administration would like a look at your checking account.
On your next trip to the ATM, imagine that Uncle Sam is looking over your shoulder. As if your annual tax filing wasn’t invasive enough, the Biden Administration would like a look at your checking account.
Charles Rettig, commissioner of the Internal Revenue Service, wants banks to report annual cash flows for ordinary account holders. Treasury Secretary Janet Yellen is promoting the plan, and the House Ways and Means Committee is debating whether to include this mandate in the Democrats’ $3.5 trillion spending bill.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Read more »
Column: Reintroducing the series 'Black L.A.: Looking at Diversity,' 39 years later'While Black people did indeed make great strides ... the media’s portrayal of us was still mostly 2-dimensional: the tragedy of rising crime & failing schools, or the glittery exploits of professional athletes and rich entertainers,' writes SandyBanksLA
Read more »
Trump Wanted To Get Look at Young Aide's Butt, Ex-WH Press Sec. ClaimsDonald Trump summoned a young aide to his Air Force Once cabin to get a look at her butt, a new book claims.
Read more »
Monzo abandons U.S. banking licence bidBritish digital bank Monzo has withdrawn its application for a U.S. banking licence after more than two years of negotiations with regulators, in a further setback for the loss-making bank.
Read more »
UK app-only bank Monzo withdraws U.S. banking license applicationMonzo has withdrawn its application for a U.S. banking license following discussions with regulators at the Office of the Comptroller of the Currency.
Read more »
Financial Advisers Pitch Bitcoin to Investors to Offset Portfolio LossesA new sales pitch for investors: You win when bitcoin goes up, and you can win when it goes down
Read more »