Weekly News Round Up: IMF Trims World Economic Growth Forecast; CFO Pay Gains; and IRS Sees Increase in Whistleblowers
July 13, 2015 - By: SC&H Group
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how the International Monetary Fund cut its global economic growth forecast. In addition, it seems that CFOs are outpacing their bosses when it comes to pay gains, and the IRS sees an increase in whistleblower tips.
IMF Trims 2015 World Growth Forecast
The International Monetary Fund recently cut its 2015 forecast for world economic growth to 3.3%, down from the 3.5% that the organization had predicted in April.
CFOs Outpace CEOs in Pay Gains
According to a new study, CFOs did better than their CEOs on the pay front in 2014.
More Firms Have Positive View of Obamacare Ruling
Employers are more likely to have a positive than negative view of the Supreme Court decision upholding Obamacare’s premium subsidies for all public exchanges, according to a new study.
Lawmakers Introduce Bill to Roll Back Tax Penalties on Health Reimbursement Arrangements
A group of lawmakers has introduced legislation to roll back guidance from the Treasury Department that prohibits employers from using stand-alone health reimbursement arrangements to reimburse employees for health care-related expenses.
IRS Phone Scam Ringleader Gets 14-Year Sentence
A scammer who organized a scheme in which taxpayers were threatened with calls purporting to come from the Internal Revenue Service and the FBI demanding payment has been sentenced to 14 years in prison.
IRS Sees Increase in Whistleblower Tips
The Internal Revenue Service’s Whistleblower Office received more claims last fiscal year than in any prior year as the program begun paying out larger awards to tipsters with information on tax evaders.
What Personal-Finance Writers Teach Their Kids About Money
Kiplinger’s Personal Finance finds out what personal finance writers teach their children about money.