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The internet in general and Web3 in particular have opened up a brave new world of opportunities for investors hoping to capitalize on digital assets -- assets you can buy, sell and trade just like...
Fortunately, new technology in the form of a Central Bank Digital Currency (CBDC) provides a mechanism for the Fed to distribute cash directly to working families. This would be a profound shift ...
Furthermore, during a House Financial Services Committee hearing in March 2023, Fed Chair Jerome Powell said a U.S. digital currency was far from becoming a reality.
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A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [ 1 ] [ 2 ] Depending on the jurisdiction , revenue services may be charged with tax collection , investigation of tax evasion , or carrying out audits .
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Following the long-awaited Fed discussion paper about the pros and cons of a potential U.S. central bank digital currency (CBDC) on Jan. 20, Bank of America economic analysts said they anticipate ...
Also in January 2015, the editorial board of The New York Times called the IRS budget cuts penny-wise-and-pound-foolish, where for every dollar of cuts in the budget, six were lost in tax revenue. [46] A 2020 Treasury Department audit found the IRS had improved its identity verification system offerings for taxpayers, but was still behind in ...