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Canada’s campaign finance laws make it almost impossible for parties to raise large sums of money quickly, so most political parties are in no financial position to go back to voters in the near future — a move few of click to read more them would welcome, in any case. That’s particularly true for the left-of-center New Democratic Party , which, as in the last Parliament, will most likely be Mr. Trudeau’s key ally in voting. “None of them want another election,” said Brooke Jeffrey, a professor of political science at Concordia University in Montreal who has been an adviser to other Liberal leaders. That puts the opposition in a weak position when it comes to making demands in exchange for their support, Ms. Jeffrey noted. “Trudeau has clear sailing for at least two years and he might even get four,” she said. Mr. Trudeau with his minister of employment, workforce development and disability inclusion, Carla Qualtrough, and the governor general Mary May Simon.Credit...Blair Gable/Reuters On Tuesday, Mr. Trudeau indicated that he will use that position of strength as Canada gradually leaves the pandemic behind to advance issues that have been central to his political agenda, starting with economic recovery and also including climate change, mental health and government-funded child care. While Indigenous issues have historically have not been a major political force, they rose to the top of the national consciousness in the spring after the discovery of the remains of students buried on the grounds of the former Kamloops Indian Residential School in British Columbia.https://www.nytimes.com/2021/10/26/world/canada/justin-trudeau-cabinet.html
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Utah-based TaxBit announced the one-year contract Tuesday, saying it would provide auditing services for cryptocurrency transactions as needed by the IRS, helping the agency verify whether high-volume traders accurately reported their crypto taxes. The company just raised $100 million in a Series A funding round. “We'll be providing data analysis and support and calculations for the IRS to help them really get to the right answer,” said Seth Wilks, TaxBit’s director of government relations. “[We’ll fill] some of the gaps in tools that just don't exist right now within their own ecosystem, and so we're coming in to make sure that they are fully understanding the data.” The IRS will not be specifically auditing TaxBit customers with the contract. Rather, the federal agency will provide its own data and ask Taxbit to analyze the transactions as part of this contract. Nor are these crypto-specific audits, Wilks said. The IRS audits a number of entities and people every year, initiating some of these examinations through a random selection of taxpayers and others based on red flags. When these audits include cryptocurrency transactions, the IRS will tap TaxBit to conduct any necessary analysis. In other words, the IRS may not even be alleging wrongdoing or tax evasion for some of these audits. While Wilks said he could not share specific details about the contract, he did say TaxBit would likely be examining high-volume entities or traders, who report thousands or millions of transactions per year.https://www.coindesk.com/markets/2021/05/11/irs-taps-taxbit-to-audit-bulk-crypto-transactions/