The Internal Revenue Service has released its strategic operating plan for the next decade, the agency’s blueprint for how it plans to spend $80 billion in funding that was green lighted by last year’s passage of the Inflation Reduction Act. More than $45 billion of the funding is slated for enforcement. The IRS will also be hiring tens of thousands of new employees, partially to make up for ongoing attrition and years of declining funding and staffing. The remainder of...

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Montpellier, France – May 17th, 2023 | CILcare, a company specialized in the research and development of new therapies for auditory pathologies, and SATT AxLR are launching the OrgaEar project with the Bioengineering and Nanosciences Laboratory (LBN – EA4203) of the University of Montpellier, directed by Professor Azel Zine. OrgaEar, based on human induced pluripotent stem cell technology and 3D cell culture, aims to generate cochlear organoids containing neurosensory cells from the human inner ear. While very few drug solutions...

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May 16, 2023 | Datacolor AG, a global leader in color management solutions, announces the acquisition of matchmycolor LLC, a technology company specialized in color formulation and communication software. Datacolor consolidates matchmycolor as of January 1, 2023. The costs for the acquisition and the integration will affect fiscal years 2022/23 and 2023/24. The strategic acquisition strengthens Datacolor's market position and further expands its global industry presence in color management. With over 50 years of industry experience, Datacolor has established itself as...

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There are different ways to measure it, but the dollar just put in its best week of the year. The greenback rose against all the G10 currencies, and the Dollar Index rose by the most since last September. It also appreciated against most emerging market currencies, with the notable exceptions of a handful of Latam currencies. It seems to be an overdue technical correction. Few genuinely believe that the US will default given the ominous consequences, but the dysfunctional...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES Illinois: Cook County’s property tax system needs reform. Here’s how to fix it. Accuracy in assessments, fair hiring, reforming the tax appeals process are some measures that must...

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Earlier this week, the European Parliament adopted its position on a new law targeting methane emissions reduction from the energy sector, aiming to achieve the EU’s climate goals and improve air quality. This law, the first of its kind in the EU, focuses on reducing methane emissions from the oil, fossil gas, coal, and biomethane sectors. Members of Parliament (MEPs) also propose including the petrochemicals sector in the scope of the new rules. Methane is a potent greenhouse gas responsible for about one-third of...

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Editor's Note: Indiana became the latest state to enact a comprehensive privacy law, with Montana and Tennessee close behind. Washington passed sweeping legislation — the My Health My Data Act — which included a private right of action. At the federal level, the CFPB announced a breach of sensitive personal information. In U.S. litigation, the Third Circuit held that the number of visitors to an online privacy policy was relevant to whether the privacy policy was sufficiently user-friendly, the...

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A non-compete clause is a “contractual term between an employer and a worker that blocks the worker from working for a competing employer, or starting a competing business, typically within a certain geographic area and period of time after the worker’s employment ends.” This is the definition of a non-compete clause directly from the Federal Trade Commission (FTC). This year may finally be the year non-compete clauses bite the dust, however, after decades of organizing/effort by employees and labor...

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Chicago – Cushman & Wakefield (NYSE: CWK) announced today that the Board of Directors has accepted John Forrester’s intent to retire from his position as Chief Executive Officer (CEO) and member of the Board of Directors, effective June 30, 2023, following 35 years of service to the company. As part of the Company’s long-standing succession plan, Cushman & Wakefield’s Board of Directors appointed Michelle MacKay, currently President and Chief Operating Officer (COO), to assume the role of CEO as of July...

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In this week’s Roar: hopes for a second-half rebound, solid vessel reliability, a mixed bag in air cargo, removing drayage emissions, and meeting ocean sustainability goals. Looking at the current state of the economy, some things are trending positive for the second half of 2023. In fact, some feel that the only way is up. But a full supply chain recovery is still questionable. There were expectations that China’s reopening would unleash a tsunami of pent-up demand, but at this...

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