October 26, 2019

Steven Mnuchin may have gone against IRS warnings to help a friend get a major tax break
Treasury Secretary Steven Mnuchin may have used his position to help a billionaire friend earn a significant tax break and subsequent profits, despite the Internal Revenue Service warning against it, The New York Times reports. The Treasury Department, reportedly at the personal instruction of Mnuchin, made an area of land in Nevada owned by financier Michael Milken, who was reportedly an inspiration for the character of Gordon Gekko in the film Wall Street, eligible for a federal tax break that it did not previously qualify for after alleged pressure from Milken's business partner other landowners. The IRS expressed its doubts about the decision, arguing in an internal memo obtained by the Times that "failure to apply the designation standards equally across the board will call into question the legitimacy of the process by which the designations were made." The memo also stated that the appearance of "arbitrary" Treasury standards like this one could open the "door for accusations that the determination process was influenced by political considerations or bias." Spokespersons for both Mnuchin and Milken, who are reportedly longtime friends, said the two men did not discuss the matter and Mnuchin had no knowledge of Milken's investments in Nevada. Regardless, the report has already spurred criticism. Read more at The New York Times.


Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Elle Fanning To Play Michelle Carter in New Hulu Series | E! News
August 07, 2020
f3amOAcRXfY
Becca Kufrin & Garrett Yrigoyen Split | E! News
August 07, 2020
DqzaM2UJNJ0
"90 Day Fiancé" Star Jorge Nava's Exclusive Post-Prison Interview | E! News
August 07, 2020
_UFHPArA6To
Terry Dubrow reveals how his family supported Max Dubrow after she came out | Page Six News
August 07, 2020
jGFWV9dRA-E
Jason Derulo reacts to Trump’s proposal to ban TikTok | Page Six Celebrity News
August 07, 2020
uZtGjC8pBMU
Maya Vander teases drama on Season 3 of ‘Selling Sunset’ | Page Six Celebrity News
August 06, 2020
uEdNhptqBaE
'A Thousand Cuts' Journalist Maria Ressa on Freedom of the Press
August 07, 2020
FEI1t5k1C4w
Jordan Fisher on 'The Big Ticket' with Marc Malkin
August 07, 2020
1ceuwyhbuwc
Chris Meloni talks 'Maxxx' and His Return to 'Law and Order'
July 29, 2020
ZFTDB-dwyUA
Justin & Hailey Bieber Get Baptized Together | TMZ
August 07, 2020
n3FrYqYlE1w
Jerry O'Connell Says Homeschooling Math Looks Like a 'Hawking Equation' | TMZ
August 07, 2020
DjujtWWuKJ8
Jake Paul FBI Raid Was Not Over Firearms | TMZ
August 07, 2020
GLeSYjA-ijg
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
01
Aug
ITALY: Serie A
Juventus - Roma
01
Aug
ITALY: Serie A
AC Milan - Cagliari
01
Aug
ITALY: Serie A
Napoli - Lazio
01
Aug
ITALY: Serie A
Atalanta - Inter Milan
29
Jul
ITALY: Serie A
Torino - Roma
29
Jul
ITALY: Serie A
Cagliari - Juventus
29
Jul
ITALY: Serie A
Sampdoria - AC Milan
28
Jul
ITALY: Serie A
Inter Milan - Napoli
26
Jul
ENGLAND: Premier League
Manchester City - Norwich City
26
Jul
ENGLAND: Premier League
Arsenal - Watford
26
Jul
ENGLAND: Premier League
Leicester City - Manchester United
26
Jul
ITALY: Serie A
Juventus - Sampdoria
26
Jul
ENGLAND: Premier League
Chelsea - Wolves
26
Jul
ENGLAND: Premier League
Newcastle United - Liverpool
26
Jul
ENGLAND: Premier League
Crystal Palace - Tottenham Hotspur
26
Jul
ITALY: Serie A
Roma - Fiorentina
25
Jul
ITALY: Serie A
Napoli - Sassuolo
25
Jul
ITALY: Serie A
Genoa - Inter Milan
24
Jul
ITALY: Serie A
AC Milan - Atalanta
23
Jul
ITALY: Serie A
Udinese - Juventus
22
Jul
ENGLAND: Premier League
Liverpool - Chelsea
22
Jul
ENGLAND: Premier League
Manchester United - West Ham United
22
Jul
ITALY: Serie A
Spal - Roma
22
Jul
ITALY: Serie A
Inter Milan - Fiorentina
22
Jul
ITALY: Serie A
Parma - Napoli
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
-g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM
Copyright © 2020 Feedimo. All Rights Reserved.