Why FBARs Can Leave You FUBAR
Manage episode 347399429 series 3281815
Brooklyn FI에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Brooklyn FI 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되면 여기에 설명된 프로세스를 따를 수 있습니다.https://ko.player.fm/legal
Ugh, are we talking about Elon AGAIN? Well, yeah, but he's running so spectacularly wild, it reminds us of the joke about a horse wreaking havoc in a hospital. There's no protocol, so I guess we're all just watching. Blue checks backfired again with the fake Eli Lilly account Tweeting "Insulin is free," shining a big light on two things: That the pay-to-be-verified-on-Twitter plan is trash and, most importantly, that price gouging insulin to the tune of 1,200 percent is ethically barren. Next on deck is a big nasty: The Wall Street Journal reports that a U.S. taxpayer is facing a fine of $2.72 million for failing to submit a Report of Foreign Bank and Financial Accounts--also known as FBAR. The stinger? The taxpayer in question didn't even OWE any taxes on those assets; this is literally just a penalty. Good luck, fella. Meanwhile, pay transparency laws are going into effect in NYC to help narrow the income gap across gender and ethnic lines. All together now: Equal work, equal pay! A solid win for decreasing income disparity. We also cover a crypto update, echoes of Enron at FTXA, and Meta/Facebook is about to lay off 10,000 employees.
Links
A Host of Tech Companies Announce Hiring Freezes and Job Cuts
What Amazon, Google and other top companies are paying in NYC
The IRS and the Eighth Amendment
Exclusive: At least $1 billion of client funds missing at FTXA
Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
What Amazon, Google and other top companies are paying in NYC
4 million NYC workers will now see how much jobs pay before they apply—here's what to know
Michael Lewis Already Selling Movie Rights for Book on FTX's Meltdown
Fake Eli Lilly Twitter Account Claims Insulin Is Free, Stock Falls 4.37%
Crypto.com Withdrawals Rise After CEO Admits Transaction Problem
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