Canadians' $3 billion a year tax dodge, Driverless cars could deliver your groceries, and more top news
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Canadians attempting to dodge tax have hidden up to $240.5 billion in foreign accounts, according to the Canada Revenue Agency, with up to $3 billion a year in federal tax being lost on those funds. This is the first time the CRA has attempted to estimate how much government revenue is lost from wealthy individuals hiding money overseas. The CRA also revealed that law-abiding Canadians have declared $429 billion held abroad, mostly invested in the U.S. or China in the form of property, stocks and bonds. ? Here’s what people are saying.
Supermarket chain Kroger is exploring driverless grocery delivery, announcing that it will work with electric-vehicle startup Nuro to test delivering groceries without drivers in a pilot program later this year. Nuro’s first vehicle is designed to move goods, not people. Retailers want to make online grocery shopping cheaper and easier; Kroger competitor Walmart recently partnered with Postmates to expand its online grocery delivery service. ? Here’s what people are saying.
Also: Toys “R” Us is preparing to close its last U.S. stores. The shuttering of the iconic retailer is expected to leave more than 30,000 people looking for work. One employee, Russ Turk, said, “Designing toys for Toys “R” Us was the highlight of my design career so far.” ? Read what other Toys “R” Us employees are saying about the closures.
?Five people were killed Thursday at the Capital Gazette newspaper in Annapolis, Maryland, after a gunman opened fire on the paper’s employees. A male suspect who law enforcement officers say had a long-running feud with the publication is in custody. The suspect allegedly filed a lawsuit against the newspaper in 2012 for defamation, which was later dismissed. ? Here’s what people are saying.
Adidas announced this week that an “unauthorized party” gained access to customer data, including email, usernames, addresses and encrypted passwords. The sportswear company said it does not believe credit card details or personal health information was compromised. It’s the latest in a string of attacks on major corporations, with Sears, Kmart, Best Buy and Wholefoods among others reporting breaches in the past year. ? Here’s what people are saying.
California has signed a new data law that provides consumers with unprecedented privacy protections. The bill, similar to Europe’s GDPR regulations, expands the definition of personal information, and allows consumers more control over what information is being collected on them, including the right to prohibit the sale of their personal data to third parties, and to tell companies to delete their information. The bill applies to companies of any size which collect customer data. The new law starts January 2020. ? Here’s what people are saying.
Idea of the Day: When workplace messaging app Slack suffered a global outage, University of Houston professor Brené Brown found herself cheering for the company instead of fuming at its failure. Why? Because they employed empathy.
“I can count on one hand the brands that I love so much that when they make mistakes or break, my first thought isn't, "Man, I hate this…’ Be that brand by being that person and building that culture. Be brave, human, open, wholehearted, and lead with empathy. We all just want to be seen.”
What's your take on today’s stories? Share your thoughts in the comments.
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6 年Nice POST
Consultant
6 年Selfish bastards. Now they are going to pay!!!!
International Drilling Consultant Retired
6 年I think Canada’s financial minister is one of the guilty ones.
I AM
6 年? #goodafternoon ??