Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown on wealthy taxpayers, partnerships and large companies.
Mercedes-Benz shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.
Chinese tourists are driving Asia-Pacific’s travel boom — flight bookings to hit pre-pandemic levels
Travel demand in Asia-Pacific is "a little bit shy" of returning to 2019 levels and is expected to hit pre-pandemic levels this year, said Willie...
IRS to begin ‘dozens of new audits’ of corporate jets in crackdown of corporations, higher earners
The IRS plans “dozens of new audits” of corporate jet usage as part of its increased scrutiny of large corporations, complex partnerships and top earners.
IRS aims to close ‘inequity gap’ for unpaid taxes. How the agency targets top earners for audit
The IRS will continue to crack down on top earners who haven't paid taxes owed. Here's how the agency is targeting higher-income audits.
More Black women are becoming homeowners — it doesn’t mean it’s easier, economist says
While Black women in the U.S. are outpacing Black men as homebuyers, buying still isn't easy. Here are a few hurdles that affect homeownership for...
Traveling teachers work with families who travel the world — here’s what it pays
Traveling teachers accompany families on extended trips abroad, teaching the kids in half-day sessions while earning up to $10,000 a month.
A shopping trip taught Barbara Corcoran a valuable career lesson: ‘7 simple words made me a much nicer person’
Barbara Corcoran learned a lesson in empathy from her brother while out shopping — and it changed the way she approaches business as a CEO...
Family offices are going on the offensive, trading cash for alternative assets
Their favorite alternatives include private credit, infrastructure, private equity and commodities.