- The Hollywood Reporter
Broadway Musical ‘Lempicka’ Sets May Closing Date
The new musical Lempicka announced that it will play its final performance on May 19, about one month after it opened on Broadway. The musical, about the life of artist Tamara de Lempicka, is the first to announce closing after the Tony nominations were announced Tuesday. The two leads in the musical, Eden Espinosa and …
- BBC
Apple sees biggest fall in sales for a year
Apple's boss fought back doubts over the firm's future growth.
- Reuters
US IRS targets sharply higher audit rates on big firms, partnerships, millionaires
The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring to boost collections. Releasing an update of its strategic operating plan for spending $60 billion in funding from the 2022 Inflation Reduction Act, the IRS said it was targeting a near tripling of the audit rate on corporations with assets over $250 million to 22.6% in the 2026 tax year from 8.8% in 2019. For complex partnerships with assets over $10 million the IRS said it intends to increase audit rates by nearly 10-fold, to 1% in tax year 2026 from 0.1% in 2019.
