Finance & Economics | WPN World People News

The World Bank (International Bank for Reconstruction and Development) issued sustainable development bonds that collectively provide US$1.36 billion in earthquake protection to Chile, Colombia, Mexico and Peru.

Federal prosecutors on Wednesday unsealed indictments of 36 suspects in a global cybercrime ring that defrauded victims of more than $530 million.

National Taxpayers Union (NTU) strongly opposes the spending deal agreement as proposed by Senate and House leadership. News reports have touted a plus-up of “nearly $300 billion over two years.” Another $140 billion in Overseas Contingency Operations, $20 billion in non-defense emergency spending, and an additional $80-90 billion in disaster funding dwarves those initial estimates and the total price tag could be much higher as details emerge. Under the 2011 Budget Control Act (BCA), taxpayers were promised $1 trillion in savings over ten years. With this new deal, Congress could add more than that to the debt in less than one year.

The Department of Health and Social Care is not doing enough to support a sustainable social care workforce. The number of people working in care is not meeting the country’s growing care demands and unmet care needs are increasing, according to the report by the National Audit Office (NAO) on Feb 08.

With the 2018 filing season in full swing, the Internal Revenue Service offered taxpayers some basic tax and refund tips to clear up some common misbeliefs on Feb 07, 2018.

The U.S. Bureau of Economic Analysis (BEA) announced that the U.S. trade deficit for 2017 was $566 billion on Feb 06, 2018. According to the BEA: “For 2017, the goods and services deficit increased $61.2 billion, or 12.1 percent, from 2016.”

The Internal Revenue Service announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64 on Feb 06, 2018.

A success story of international development itself, Korea is now a driving force in global aid, focusing on the neediest countries and shaping strategy by sharing its experience and bridging the gap between rich and poor countries. Korea will have even greater impact if it can produce a clear plan to increase aid volumes in line with its stated ambitions, according to a new OECD Review.

It follows the same structure that is currently used for cooperation between the member states and the same instruments, such as electronic platforms and e-forms. Fraud schemes often exploit weaknesses in the way VAT transaction chains are controlled when they include counterparts located in third countries.

A law to strengthen EU curbs on CO2 emissions from industry, so as to begin delivering on Paris climate accord pledges, was passed by Parliament on Tuesday.