Mar 31, 2017

Multi-country tax evasion linked to Credit Suisse

Keystone via AP

European and Australian authorities are investigating several thousand leads in a multi-country tax evasion probe linked to Credit Suisse, officials reported Friday, per the AP. That includes hundreds of people in The Netherlands, France, the UK, Australia, and Germany. Dutch authorities started the investigation after receiving a tip-off, according to Reuters. Credit Suisse did not confirm a link between tax evaders and its bank.

The casualties so far: Authorities have searched people's houses, detained two people, and seized Credit Suisse documents as well as assets including luxury cars, dozens of paintings, jewelry, and even a gold bar. Dutch authorities said there would be more to come.

It doesn't look good: Switzerland bristled at the fact that it wasn't alerted of the probe, demanding an explanation. Plus, Swiss banks have a reputation for being a safe-haven for tax evaders — the U.S. DOJ fined Credit Suisse 2.6 billion USD in 2014 for helping Americans evade taxes — and this comes a day before Credit Suisse is set to start its program of Automatic Exchange of Information with European countries in the name of transparency.

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Marisa Fernandez

52 mins ago - Health

Los Angeles and San Diego public schools will be online only this fall

Alhambra Unified School District. Photo: Frederic J. Brown/AFP via Getty Images

Public schools in Los Angeles and San Diego, the two largest public school districts in California, will not be sending children back to campuses next month and will instead administer online classes due to concerns over the ongoing threat of the coronavirus.

Why it matters: The two districts, which together enroll about 825,000 students, are the largest in the country thus far to announce that they will not return to in-person learning in the fall, even as the Trump administration aggressively pushes for schools to do so.

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Axios

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Global: Total confirmed cases as of 2 p.m. ET: 12,984,811 — Total deaths: 570,375 — Total recoveries — 7,154,492 — Map.
U.S.: Total confirmed cases as of 2 p.m. ET: 3,327,388— Total deaths: 135,379 — Total recoveries: 1,006,326 — Total tested: 40,282,176 — Map.
World: WHO head: There will be no return to the "old normal" for the foreseeable future — Hong Kong Disneyland closing due to surge.
States: Cuomo says New York will use formula to determine if reopening schools is safe.
Politics: Mick Mulvaney: "We still have a testing problem in this country."

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Marisa Fernandez

1 hour ago - Health

Cuomo: New York will use formula to determine if it's safe to reopen schools

New York Gov. Andrew Cuomo said Monday that schools will only reopen if they meet scientific criteria that show the coronavirus is under control in their region, including a daily infection rate of below 5% over a 14-day average. "We're not going to use our children as guinea pigs," he added.

The big picture: Cuomo's insistence that New York will rely on data to decide whether to reopen schools comes as President Trump and his administration continue an aggressive push to get kids back in the classroom as part of their efforts to juice the economy.