Monthly Archives: October 2015

Foreign Banks Release Information about US Account Holders

Foreign Banks Release Information about US Account Holders

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Thinking about hiding money overseas? Think again. The Internal Revenue Services has increased measures to makes sure Americans are not hiding their taxable income abroad. The U.S. government has added to the Foreign Account Tax Compliance Act (FATCA) requiring foreign banks to release US citizen’s account information to the IRS.(…)

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Nebraska Fails to Keep ConAgra, Get Back Tax Breaks

Nebraska Fails to Keep ConAgra, Get Back Tax Breaks

It’s been a bad week for Nebraska – as well as Governor Ricketts being accused of going back on his promises of transparency, the state is also reeling from the abrupt exit of ConAgra and the loss of 1,000 jobs. Ricketts is being blamed for this too, criticized for “spending(…)

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Having No Budget Will Cost Pennsylvania Schools $1 Billion

Having No Budget Will Cost Pennsylvania Schools 1 Billion

The state of Pennsylvania cannot manage to pass a budget and education is suffering as a result. According to the state Auditor General Eugene DePasquale, school districts in Pennsylvania have been forced to borrow an astonishing $350 million as they wait for bureaucrats and politicians to come to terms on(…)

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FAA Blocks Environmentally Friendly Planes From the Skies

FAA Blocks Environmentally Friendly Planes From the Skies

Once again the Federal Aviation Authority stands accused of halting aviation innovation, with industry insiders blaming the authority for holding back the development of electric planes. The culprit is a specific phrase in the pages and pages of FAA flying rules, which says that all planes in the Light Sports(…)

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