Saul Loeb/AFP/Getty Images This story was originally published by ProPublica. On June 30, 2016, an auto-parts magnate received the kind of news anyone would dread: The Internal Revenue Service had determined he had engaged in abusive tax maneuvers. He stood accused of masking about $5 billion in income. The IRS wanted over $1.2 billion in back taxes and penalties. The magnate, Georg Schaeffler, was the billionaire scion of a family-owned German manufacturer and was quietly working as a corporate lawyer in Dallas. Schaeffler had extra reason to fear the IRS, it seemed. He wasn’t in the sights of just any division of the agency but the equivalent of its SEAL Team 6. In 2009, the IRS had formed a crack team of specialists to unravel the tax dodges of the ultrawealthy. In an age of widening inequality, with a concentration of wealth not seen since the Gilded Age, the rich were evading taxes through ever more sophisticated maneuvers. The IRS commissioner aimed to stanch the … [Read more...] about The IRS Tried to Take on the Ultrawealthy. It Didn’t Go Well.
2nd richest man in the world
Arizona Republic Published 9:08 AM EDT Mar 27, 2019 A look at some of today's top stories, the weather forecast and a peek back in history. NASCAR announced its season finale will come to metro Phoenix's ISM Raceway in November 2020. Diamondbacks' Steven Souza Jr. to undergo season-ending knee surgery after freak accident. 'You were at my wedding, Denise,' Meghan McCain's response to a critic (and friend?) is suddenly the all-purpose clapback. A man accused of threatening to kill former U.S. Sen. Jeff Flake and his family pleaded guilty Tuesday morning in federal court. Paradise Valley HOA sends message about short-term rentals: Not in our neighborhood. Although the Grand Canyon is heavily protected, it still faces decades old challenges. Advocates say the number of threats are growing. Today, the Valley can expect it to be mostly sunny through midmorning, then becoming cloudy, with a high near 87 degrees. Mostly cloudy during the early evening Wednesday night, then gradual … [Read more...] about AZ Memo: 2nd downtown Phoenix grocery store? Cambodian dish is killer; bill would purge tens of thousands from early voter list
In this July 13, 2007 file photo, Vulcan chairman and Microsoft co-founder Paul Allen arrives at the annual Allen and Co.'s media conference in Sun Valley, Idaho. Microsoft co-founder Paul Allen, who has seen his massive investment in cable operator Charter Communications Inc. vanish, at least on paper. He holds a 51 percent stake in Charter, now the nation's fourth-largest cable operator, with 5.5 million customers in 27 states. It's his biggest investment since leaving Microsoft in 1983. (AP Photo/Douglas C. Pizac, File) Microsoft co-founder and Seattle Seahawks' owner Paul Allen watches as the Seahawks play the San Francisco 49ers in the fourth quarter of their NFL football game in San Francisco, Sunday, Sept. 30, 2007. The Seahawks won 23-3. (AP Photo/Jeff Chiu) Sound The gallery will resume inseconds Vulcan chairman and Microsoft co-founder Paul Allen arrives at the annual Allen and Co.'s media conference Friday, July 13, 2007, in Sun Valley, Idaho. (AP … [Read more...] about Paul Allen, Microsoft co-founder, Seahawks owner, dead at 65
This is The Colorado Independent‘s complete four-part series on Jared Polis, Colorado’s Democratic nominee for governor. You can click directly to Part 1 (Polis’s early years and business career), Part 2 (Polis’s entry into Colorado politics and his role in the Democratic takeover of the state), Part 3 (Polis’s decade in Congress) or Part 4 (Polis’s run for governor). You can also listen to reporter Alex Burness discuss his series on Jared Polis on The Colorado Independent’s Indycator podcast. Coming next week: a four-part series on Polis’s Republican opponent, state Treasurer Walker Stapleton Part 1: Boy in a hurry Thirty-two years ago, before Jared Polis was admitted to Princeton at 16, before he hit it big as a 20-something entrepreneur, before he ran for Congress and governor, and before he changed his last name, there was little Jared Schutz, an 11-year-old with a high-pitched voice, skipping school to address the city council. At … [Read more...] about How Jared Polis Gets What He Wants: A Portrait in Four Parts
Jeff Bezos is the world's richest person having a wealth of 150 billion dollars. Jeff Bezos abuses his Amazon workers in Europe and the US, is one of the world's major deforesters from Amazon cardboard and nonrecycled book paper to Washington Post newsprint, has profiteered from animal murder as a cattle rancher and owner of Whole Foods. * Washington Post reporters are to be commended for their tremendous investigative work in uncovering details of Donald Trump regime crimes. Their work is a separate issue from the record of Jeff Bezos. Jeff Bezos 1. Workers struck in Germany Spain and elsewhere over terrible working conditions. in Germany, Spain, etc. The Seattle Times published a column on Amazon US workers' need for a union 2. And yet. Jeff Bezos, owner of the Washington Post, Amazon, Whole Foods, a cattle ranch etc. is the richest man in the world with an accumulated wealth of 150 billion dollars. 3. There is racial bias in Amazon photo recognition software which identified … [Read more...] about Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc : Indybay