IRS Enforcement Spending Yields $6 for Each $1: Lew

May 8 (Bloomberg) -- Every dollar spent enforcing U.S. tax laws yields $6 in collections, said Treasury Secretary Jacob J. Lew as he urged Congress to support the Internal Revenue Service’s request for a $1 billion budget increase. Hans Nichols reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
The Hong Kong Clothing Retailer Revolutionizing Shopping
41:12 - Grana founder and CEO Luke Grana discusses his e-commerce luxury fashion brand, how the company is employing an offline-to-online retail strategy and where he sees growth. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
  • Australia’s Economy Expands at Slower Pace Than Forecast
  • How Important Is Reserve-Currency Status to Beijing?
  • China Sends a Message With World War II Parade