The first church of artificial intelligence has shut its conceptual doors. From a report: Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed in 2015, was…
Tag: Internal Revenue Service
Billionaire CEO of Software Company Indicted For Alleged $2 Billion Tax Evasion Schemes
The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.” ZDNet reports: The scheme, in which roughly $2 billion was hidden away in offshore accounts and through money laundering, took place between 1999 and 2019, the US Department of Justice (DoJ) said on Thursday. According…
IRS Used Cellphone Location Data To Try To Find Suspects
The Internal Revenue Service attempted to identify and track potential criminal suspects by purchasing access to a commercial database that records the locations of millions of American cellphones. The Wall Street Journal reports: The IRS Criminal Investigation unit, or IRS CI, had a subscription to access the data in 2017 and 2018, and the way it used the data was revealed…
IRS Sues Facebook For $9 Billion, Says Company Offshored Profits To Ireland
An anonymous reader quotes a report from Fox Business: Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world’s largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland. The trial, which Facebook expects will take…
Facebook To IRS: Refund Me, I’m Irish!
Long-time Slashdot reader theodp writes: Among the techniques featured in a 2012 City Pages story on The 10 Most Corrupt Tax Loopholes was pretending to be Irish. Chris Parker wrote, “Most people associate such exhaustive money-laundering with drug cartels. But it’s now standard practice at firms like Eli Lilly, Google, Microsoft, Pfizer, and Facebook. The only difference is that when drug…
Walmart Dodged US Tax on $2 Billion by Routing Cash Through Multiple Countries, Whistleblower Says
Walmart, the world’s biggest retail company, underpaid US taxes on nearly $2 billion worth of offshore cash, according to whistleblower documents filed by a former Walmart executive to the Internal Revenue Service (IRS) in 2011, and recently obtained by Quartz. From the report: The firm avoided nearly $200 million in taxes on that money and “dramatically” overstated its foreign tax credits…
IRS Identifies ‘Dozens’ of New Crypto, Cybercriminals
The IRS’s criminal division identified “dozens” of potential cryptocurrency tax evaders or cybercriminals after a meeting this week with tax authorities from four other countries. Bloomberg reports: Officials from the U.S., U.K., Australia, Canada and the Netherlands — known as the Joint Chiefs of Global Tax Enforcement — shared data, tools and tax enforcement strategies to find new leads in a…
IRS Programmer Stole Identities, Funded A Two-Year Shopping Spree
A computer programmer at America’s tax-collecting agency “stole multiple people’s identities, and used them to open illicit credit cards to fund vacations and shop for shoes and other goods,” write Quartz, citing a complaint unsealed last week in federal court. An anonymous reader quotes their report:
The complaint accuses the 35-year-old federal worker of racking up almost $70,000 in charges over the…
Founders of Successful Tech Companies Are Mostly Middle-Aged
After analyzing high-growth companies in the United States, a team of economists discovered that most superstar entrepreneurs are middle-aged. Their study is being published in the journal American Economic Review: Insights. The New York Times reports: The researchers looked at start-ups established between 2007 and 2014 and analyzed the top 0.1 percent — defined as those with the fastest growth in…
IRS Sending Warning Letters To More Than 10,000 Cryptocurrency Holders
The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning about penalties for failing to report income and pay tax on transactions involving virtual currencies. From a report: The agency expects its mailing to be completed by the end of August [Editor’s note: the link may be paywalled; alternative source]. It is sending three variations of…