Tech start-ups fight Senate tax plan over stock option ‘phantom income’
" Under the proposed change, employees could face large tax bills before they realize the income from cashing in the stock options to pay them."
Venezuela just defaulted, and you may own its debt
"Dozens of U.S. mutual funds and big banks, which invest on behalf of millions of Americans, own portions of the debt. Venezuela owes over $60 billion to bondholders. The country's central bank has only $9.6 billion left."
Detroit undercover cops brawl in drug sting gone wrong
"Video from the scene captured arguing and shoving among some of the two dozen officers there, Craig said. The video has not been released but is being reviewed as part of the investigation that will be turned over to the Wayne County Prosecutor’s Office to determine whether charges will be filed."
Why the United States will never leave Yemen
"At least 10,000 people have been killed in the conflict, and seven million are in dire need of food assistance. The US began supporting the Saudi-led coalition through a decision by then-US President Barack Obama, who cited the Authorisation for Use of Military Force (AUMF) to justify US involvement. Since taking office, President Donald Trump has done the same."
Can Congress stop Trump from supporting Saudi Arabia’s war in Yemen?
"In 2015, President Barack Obama supported Saudi Arabia's war effort in Yemen, and President Donald Trump has continued the mission. The fight for control of Yemen shows no sign of stopping. The war has killed thousands of civilians, caused widespread food shortages and triggered a cholera epidemic. Yemenis have been plunged into the world's worst humanitarian crisis. In its drive to destroy rebel targets, the Saudi-led coalition has struck hospitals, schools and marketplaces in scores of well-documented attacks."
Saudi Arabia to allow women to drive
"In 2016, Alwaleed bin Talal, an influential Saudi prince called for an 'urgent' end to the ban, saying it is a matter not just of rights but economic necessity. He also detailed the 'economic costs' of women having to rely on private drivers or taxis, since public transit is not a viable alternative in the kingdom. Using foreign drivers drains billions of dollars from the Saudi economy, Alwaleed said. He calculated that families spend an average of $1,000 a month on a driver, money that otherwise could help household income at a time when many are making do with less."
Privacy fears over artificial intelligence as crimestopper
"Police in the US state of Delaware are poised to deploy 'smart' cameras in cruisers to help authorities detect a vehicle carrying a fugitive, missing child or straying senior. The program is part of a growing trend to use vision-based AI to thwart crime and improve public safety, a trend which has stirred concerns among privacy and civil liberties activists who fear the technology could lead to secret 'profiling' and misuse of data."
Prosecutors aren’t obligated to believe the evidence they present at trial
"I was surprised to learn that most state bars have no requirement that prosecutors believe that the evidence they present is truthful. Courts have ruled that even if prosecutors knowingly break the law — such as detaining defense witnesses in order to prevent them from testifying at trial — those who were harmed by the prosecutors’ behavior have no recourse."
Paradise Papers hang-out reveals income tax industry’s countermeasures
"The world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens are being revealed this week in a major new investigation into Britain’s offshore empires. The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times."
GOP sneaks in automatic annual tax increase by introducing chained CPI
"Republican tax-writers have decided to shift the tax code’s inflation index from the Consumer Price Index, or CPI, to something known as chained CPI, which is a slower-growing method of calculating cost-of-living increases. Using the lower rate of inflation to calculate future tax rates means taxpayers will more quickly fall into higher tax brackets, meaning they will pay more in taxes than if Republicans stuck with the traditional measuring stick. It works out to taxpayers paying $128 billion more to Uncle Sam than they would otherwise over the next decade, and $500 billion more in the subsequent decade."
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