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Hiring full-time virtual assistants can save an employer in the U.S. up to __% in operating costs per year

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Business

Boeing CEO Apologizes for Safety Issues and Addresses Cultural Flaws

Boeing CEO Dave Calhoun apologized for recent safety failures and acknowledged cultural issues within the company during his Senate testimony. He also countered whistleblower claims of retaliation against those reporting safety concerns. This comes after a series of incidents, including a significant safety breach involving an Alaska Air 737 Max, which has led to increased scrutiny and calls for reform. Calhoun reassured that Boeing is committed to improving safety and transparency, despite skepticism about substantial changes. The company continues to face legal and regulatory challenges, including potential criminal liability for past safety oversights.

Treasury and IRS Target Tax Loopholes to Increase Revenue

The U.S. Department of the Treasury and the IRS announced a plan to close a significant tax loophole used by large partnerships, potentially raising over $50 billion in the next decade. This plan addresses "related party basis shifting," a tactic where businesses use different legal entities to manipulate asset purchase prices for tax benefits. The proposed regulations aim to curb these practices, enhancing tax fairness and reducing the deficit. This initiative is part of broader efforts to increase audits on wealthy taxpayers and complex partnerships, addressing a tax gap estimated at $160 billion annually.

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