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☆ It's not too late for the U.S. to catch up on crypto regulation: Polygon Labs' Rebecca Rettig
▼ + stars: | 2023-11-17 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's not too late for the U.S. to catch up on crypto regulation: Polygon Labs' Rebecca RettigRebecca Rettig, the chief legal and policy officer at Polygon Labs, sits down with CNBC Crypto World to discuss advancements overseas and in the U.S. as it pertains to crypto regulation.

Persons: Rebecca Rettig Rebecca Rettig Organizations: Labs, Polygon Labs, CNBC Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFBI arrests three men in alleged multi-million dollar crypto laundering scheme: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rebecca Rettig, the chief legal and policy officer at Polygon Labs, discusses advancements overseas and in the U.S. as it pertains to crypto regulation.

Persons: explainers, Rebecca Rettig Organizations: CNBC Crypto, CNBC, Polygon Labs Locations: U.S

☆ Mom and pop shops are cutting software spending, creating jitters on Wall Street
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +9 min

Joe Coffee founders Nick and Brenden Martin Joe CoffeeWall Street is on edge. Over the past two decades, small businesses have accounted for 40% of U.S. gross domestic product, according to the Chamber of Commerce. "If America is really built on the backbone of small business owners, why are they the ones that never catch the break?" In 2021, Joe Coffee, which now has 17 employees, created a full software and payments suite for coffee shops. WATCH: Xero will remain focused on core segments such as small businesses

Persons: PAYC ZI, Nick Martin, Joe Coffee, Martin, Joe Coffee's, aren't, Bill, Nick, Brenden Martin Joe Coffee, John Rettig, Cameron Hyzer, Yamini Rangan, Rangan, Bill didn't, Jake Dollarhide, Martins, Brenden Martin, Nick's, Brenden, Zhang Peng, they'd, Taylor McGinnis, ZoomInfo, we've, Bryan Keane Organizations: Starbucks, CNBC, Bill Holdings, Bureau of Labor Statistics, Joe, Nasdaq, Chamber of Commerce, Longbow Asset Management, Microsoft, Coffee Fest, UBS, Deutsche Bank Locations: Seattle, Paycom, West Richland , Washington, Coffee, Los Angeles

☆ Rettig succeeds Bierhoff as national team director at troubled German FA
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Sept 15 (Reuters) - Andreas Rettig, a long-time sports director at Bundesliga clubs, took over as the German Football Association's (DFB) executive director on Friday, succeeding Oliver Bierhoff, who resigned after their shock first round World Cup exit last year. Four-time world champions Germany, who will host Euro 2024 next year, have been going through their worst run in decades. Bierhoff had resigned in December, days after Germany's second consecutive World Cup group stage exit. "(The national teams) are shaped by great successes and currently problems. Germany sacked Flick following their 4-1 home loss to Japan last week, with former national team coach and current DFB official Rudi Voeller taking over for the game against France.

Persons: Andreas Rettig, Oliver Bierhoff, Hansi Flick, Bierhoff, Rettig, Flick, Rudi Voeller, Karolos, Christian Radnedge Organizations: Bundesliga, German Football, Germany, France, DFB, German Football League, Thomson Locations: Japan, United States

☆ Fact Check-US military did not arrest former IRS director
▼ + stars: | 2023-08-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated article claiming that the U.S. military arrested former Internal Revenue Service (IRS) director, Charles Rettig, for taking a 1% cut of each federal income tax payment in 2021 and keeping it in offshore accounts, stems from an article on a self-described satirical website. An Instagram post (here) sharing the claim includes the text, “They all are going down not surprised stop participating in lies. The claims stem from an article (archive.li/H38Mu) titled “Military Arrests Former IRS Director Charles Rettig” published on July 31, 2023, on the website Real Raw News. The Real Raw News site has previously posted false information attributed to unnamed sources and addressed by Reuters Fact Check (here), (here), (here). There is no evidence that former IRS director Charles Rettig was arrested by the U.S. military.

Persons: Charles Rettig, Charles Rettig ”, Rettig, Read Organizations: Internal Revenue Service, Real Raw News, Real Raw, U.S . Department of Justice’s, U.S, Reuters, U.S .

☆ Polygon's Rebecca Rettig highlights 'big demand' for platform's blockchain use case database
▼ + stars: | 2023-07-27 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolygon's Rebecca Rettig highlights 'big demand' for platform's blockchain use case databaseRebecca Rettig, chief legal officer at Polygon Labs, provides an update on the platform's "Value Prop" database, which lays out use cases for blockchain technology. She also weighs in on the recent Ripple XRP ruling and discusses Polygon's proposal to upgrade MATIC into a multipurpose token for all chains.

Persons: Rebecca Rettig Organizations: Polygon Labs, MATIC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJudge imposes gag order on Sam Bankman-Fried as prosecutors allege witness tampering: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rebecca Rettig, chief legal officer at Polygon Labs, provides an update on the platform's "Value Prop" database, which lays out use cases for blockchain technology.

Persons: Sam Bankman, Fried, explainers, Rebecca Rettig Organizations: CNBC Crypto, CNBC, Polygon Labs

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance and SEC reach deal over U.S. assets, and Fidelity-backed exchange goes live: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rebecca Rettig, chief policy officer of Polygon Labs, addresses the SEC's claim that the MATIC token is a security. She also explains the company's new database for blockchain use cases.

Persons: Binance, explainers, Rebecca Rettig Organizations: SEC, Fidelity, CNBC Crypto, CNBC, Polygon Labs

☆ DOJ alleges SBF paid $40 million in bribe to China, and Binance responds to CFTC suit: CNBC Crypto World
▼ + stars: | 2023-03-28 | by ( Tanaya Macheel | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ alleges SBF paid $40 million in bribe to China, and Binance responds to CFTC suit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rebecca Rettig, the chief policy officer at Polygon Labs, discusses the impact of the CFTC's lawsuit against Binance.

☆ IRS commissioner nominee to 'ensure that America's highest earners comply with tax laws.' Here are the key takeaways from Senate hearing
▼ + stars: | 2023-02-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | ReutersPresident Joe Biden's nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle. If I am fortunate enough to be confirmed, the audit and compliance priorities will be focused on enhancing IRS' capabilities to ensure that America's highest earners comply with tax laws. Daniel Werfel IRS Commissioner nominee"Just because [Werfel's hearing] was smooth doesn't mean there won't be a fairly charged environment with the House in Republican hands and the election coming," Everson said. During fiscal 2022, millionaires faced a 1.1% chance of an IRS audit, according to a recent report from Syracuse University's Transactional Records Access Clearinghouse.

☆ Trump wanted the IRS to investigate his political foes, including James B. Comey and Andrew G. McCabe, who were both subject to a rare audit by the tax agency, The New York Times reported
▼ + stars: | 2022-11-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Former White House aide John F. Kelly told NYT Trump wanted the IRS to probe his political foes. Former FBI director James B. Comey and his deputy, Andrew G. MacCabe, were selected for an audit. Kelly told The Times that Trump wanted the IRS to probe Comey and McCabe. Kelly told The Times that Trump said "we ought to investigate" and "get the IRS" on Comey and McCabe. A spokesperson from the IRS told Insider that the agency is "barred by law" from commenting on any information regarding US taxpayers.

☆ Biden to nominate Daniel Werfel to head up IRS
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - U.S. President Joe Biden will nominate Daniel Werfel to be the next commissioner of the Internal Revenue Service (IRS) tax agency, succeeding Charles Rettig whose term ends on Saturday, the White House said on Thursday. Werfel previously served as acting commissioner of the body in 2013, when the White House said he "provided immediate stability to the IRS, effectively responding to numerous Congressional investigations." The IRS faces a number of challenges including a recent partisan divide over the hiring of new agents. In August, an internal Treasury memo showed Treasury Secretary Janet Yellen directed the organization to produce within six months a detailed plan for deploying $80 billion in newly enacted enforcement funding. "After decades of underfunding, the IRS now has the resources it needs to improve services for taxpayers and modernize outdated technology and infrastructure," she said.

☆ As a key deadline looms to claim 2021 tax credits, Republicans complain of 'suspicious timing' of IRS letters
▼ + stars: | 2022-11-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

The federal agency recently sent letters to more than 9 million individuals and families who may qualify for the tax benefits but who have not yet filed a 2021 federal income tax return. Alternatively, ChildTaxCredit.gov also lets people file their 2021 federal income tax returns. watch nowThat includes a tool provided by Code for America, GetCTC.org, that will allow people to claim their 2021 child tax credits, earned income tax credits and third stimulus checks. Tax filers typically have up to three years to file their returns and claim tax credits for which they are eligible. Moreover, the notices reference two additional tax credits, the EITC and CTC, in addition to stimulus checks.

☆ The federal government is losing $98 billion a year on small businesses and wealthy Americans either making mistakes or dodging taxes
▼ + stars: | 2022-11-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

From 2014 through 2016, the tax gap, which measures taxes owed versus paid, grew to nearly $500 billion. That's largely due to people underreporting how much they owe, including for capital gains and small business taxes owed. For instance, there's a tax gap of $18 billion on capital gains, which taxes the sales of major assets. Meanwhile, nonfarm proprietor income — which tracks income for small businesses that aren't incorporated — saw a tax gap of $80 billion. Rettig previously said that "it would not be outlandish to believe that the actual tax gap could approach and possibly exceed $1 trillion per year."

☆ IRS ‘fully committed’ to better customer service as agency hires 4,000 new workers
▼ + stars: | 2022-10-28 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The IRS said it has passed a milestone of hiring 4,000 new customer service workers as the agency prepares for the 2023 tax filing season. "The IRS is fully committed to providing the best service possible, and we are moving quickly to use new funding to help taxpayers during the busy tax season," said IRS Commissioner Chuck Rettig. The IRS plans to hire another 1,000 customer service workers by the end of the year. However, phone wait times remain high in the meantime, and the IRS encourages taxpayers to visit IRS.gov for answers to questions. "IRS employees look forward to providing better service in the near future," Rettig added.

☆ IRS Leader’s Looming Exit Leaves Hole at Tax Agency as Expansion Begins
▼ + stars: | 2022-10-23 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS can be an unwieldy agency, with a long list of mandates, layers of bureaucracy and about 80,000 workers across the country. WASHINGTON—With less than three weeks left in Charles Rettig ’s term as Internal Revenue Service commissioner, President Biden hasn’t picked anyone to replace him, leaving the tax agency without a leader to spearhead the $80 billion agency expansion that Democrats just pushed through Congress. The delay in choosing and confirming Mr. Rettig’s replacement nearly certainly means an interim IRS commissioner after Nov. 12. That acting commissioner might be reluctant to make binding decisions that affect the agency’s long-term future.

☆ 9 million families are entitled to up to $10,000 in checks from the IRS they never claimed
▼ + stars: | 2022-10-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Last week, the IRS announced that it would begin sending out letters to over 9 million people and families who qualify for tax credits, but haven't collected them because they didn't file taxes. "The IRS wants to remind potentially eligible people, especially families, that they may qualify for these valuable tax credits," IRS Commissioner Chuck Rettig said in a statement. "We encourage people who haven't filed a tax return yet for 2021 to review these options. Between the expanded child tax credit, earned income tax credit, and third stimulus check, families could get over $10,000 if they claim their credits, according to Adam Ruben, director of the Economic Security Project. The letters come as debate over whether to restart the child tax credit begins to pick up yet again.

☆ IRS sends letters to over 9 million who could miss out on valuable 2021 tax credits. Here's how to claim that money
▼ + stars: | 2022-10-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

More than 9 million individuals and families could be leaving money on the table by not filing a 2021 federal tax return, according to the IRS. Last week, the federal tax agency began sending letters to those people it had identified who could be missing out on payments through tax credits that could put money in their pockets. More from Personal Finance:Why some have yet to receive enhanced child tax credit paymentsWho benefits most from expanded earned income tax creditOptimism monthly child tax credit checks can be renewedThe American Rescue Plan that was enacted in 2021 authorized the stimulus checks through the Recovery Rebate Credit and also made existing child tax and earned income tax credits more generous. "The IRS wants to remind potentially eligible people, especially families, that they may qualify for these valuable tax credits," IRS Commissioner Chuck Rettig said in a statement. Millions of eligible taxpayers fail to claim the credits for which they are eligible every year.

☆ Millions more people without children are now eligible for a tax credit that could save them thousands
▼ + stars: | 2022-04-08 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

The Earned Income Tax Credit is now available to people who are at least 19 years old. The EITC is a rare break for low-income childless adults, who are often shut out of assistance programs. Tax credit targets benefits gap for low-income people without kidsThe EITC has historically existed as a tax break for low- to moderate-income workers, with credits ranging between $560 and $6,935 for 2022. Because it's a refundable tax credit, lower-income taxpayers who have little (or no) income-tax liability can receive the total amount of the credit as a tax refund anyway. Its money goes to general assistance programs, which support a broader population including non-parents, in just 25 states.

Site-ul susține că CEO-ul Amazon Jeff Bezos nu a plătit taxe în 2007 și 2011, în timp ce CEO-ul Tesla, Elon Musk, nu a plătit nimic în 2018. ProPublica a declarat că cei mai bogați 25 de americani plătesc mai puțin impozit decât majoritatea angajaților din SUA. Jesse Eisinger, editor la ProPublica, a declarat pentru Today: „Am fost destul de uimiți să aflăm că ai putea reduce impozitul la zero dacă ai fi multimiliardar. Purtătorul de cuvânt al Fiscului, Lily Adams, a declarat că problema a fost sesizată la FBI și la procurorii federali. Charles Rettig, înalt oficial american din domeniul fiscal, a declarat: „Nu pot oferi detalii despre contribuabili.

Persons: Amazon Jeff, Tesla, Propublica, ProPublica, Jesse Eisinger, Președintele Joe Biden, Biden, George Soros, Soros, Michael, Lily Adams, federali, Charles Rettig Organizations: Amazon, Casei Albe, FBI, BBC, Forbes, Soros, Albă Locations: SUA, America, New York, american

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