US IRS chief says budget cuts would reduce ability to pursue tax cheats

By David Lawder WASHINGTON (Reuters) – U.S. Internal Revenue Service Commissioner Danny Werfel said on Friday that a Republican plan to cut the agency’s annual budget would reduce its ability to ramp up tax collections on millionaires like it has done in recent months. Republicans on the U.S. House of Representatives Appropriations Committee have proposed…

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Brazil to renegotiate low-income debt using state guarantees from September

BRASILIA (Reuters) -Brazil is to launch a debt renegotiation program for millions of lower-income individuals using state guarantees in September, fulfilling a campaign promise of leftist President Luiz Inacio Lula da Silva. About 71.9 million people in Latin America’s largest economy have been blacklisted, according to credit bureau Serasa, after families’ budgets were strained by…

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No sign of Russian intent to change tack on Ukraine war, Blinken says

By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – Russia shows no sign of changing direction in its war on Ukraine, U.S. Secretary of State Antony Blinken said on Friday, as foreign ministers from two dozen countries met in Indonesia’s capital for Southeast Asia’s annual security-focused gathering. Top diplomats from China, the United States and…

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Republican state officials threaten legal action over company diversity policies

(Refiles to replace ‘attorney generals’ with ‘attorneys general’ throughout) By Daniel Wiessner (Reuters) -A group of Republican U.S. state attorneys general on Thursday warned the country’s largest companies that certain workforce diversity policies could be illegal in light of the U.S. Supreme Court’s decision effectively striking down affirmative action in higher education. The 13 officials…

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Thailand’s Move Forward seeks to curb Senate powers after loss in PM vote

By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s Move Forward party filed a motion in parliament on Friday seeking to curb the power of the military-appointed Senate, a day after the body thwarted its party leader’s bid to become prime minister. The role of the 249-member Senate in deciding a prime minister along with…

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Czech lawmakers give initial backing to $7 billion budget savings package

PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed at cutting the budget deficit in the next two years. The country’s public sector deficit has soared in recent years amid spending during the coronavirus pandemic, subsidies to shield the…

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