Federal Tax Withholding Treasury And Irs Should Document The Roles And Responsibilities For Updating Annual Withholding Tables

July 31, 2018

Federal income tax is a “pay-as-you-go” tax, meaning that employers are required to withhold taxes from employee paychecks during the year, rather than employees paying taxes only at the end of the year. Withholding helps the federal government collect taxes year-round, and prevents some individual taxpayers from owing large amounts when they file their tax returns. Each year, employers withhold over $1 trillion in income tax from employees’ pay, including wages, bonuses, and commissions.

Spotlight

U.S. Immigration and Customs Enforcement (ICE)

U.S. Immigration and Customs Enforcement (ICE) is the principal investigative arm of the U.S. Department of Homeland Security and the second largest investigative agency in the federal government. Created in 2003 through a merger of the investigative and interior enforcement elements of the U.S. Customs Service and the Immigration and Naturalization Service, ICE now has more than 20,000 employees with offices in all 50 states and 47 foreign countries.

OTHER WHITEPAPERS
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Digital Trust

whitePaper | November 1, 2022

Digitalisation offers new approaches to trust. Competitors who do not see eye-to-eye can still transact efficiently because technologies such as privacy-enhancing technologies, distributed ledgers (also called shared ledgers), coupled with good governance in processes now enable these interactions even without parties knowing who they transact with.

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WHITE HOUSE ACTION PLAN ON GLOBAL WATER SECURITY

whitePaper | June 1, 2022

The Biden-Harris Administration recognizes the critical role of sustainable water systems and the transformational power that water access has in the life of each person on earth. From its most basic role as the source of life to its advanced role in powering global economies, water matters. Still, its ubiquity in everyday life risks leading us to take it for granted — while global trends in population growth, urbanization, environmental degradation, deforestation, and climate change pose growing challenges to water security around the world. Here at home, water crises are becoming more frequent and intense. Historic droughts threaten our supply of water, and failing infrastructure and chronic underinvestment deprive our most vulnerable communities of safe drinking water. Lack of sanitation threatens public health, individual safety and dignity, equity, and the protection of freshwater resources; extreme weather events intensify these risks where improved sanitation is unavailable. As the source of both life and livelihoods, water security is central to human and national security.

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Securing the Internet of Things for the US Public Sector

whitePaper | November 26, 2019

The adoption of Internet of Things (IoT) technologies by public sector entities can result in many benefits: increased public safety with video surveillance or street lights, traffic management systems to control vehicle flow, and enhanced medical experience with connected infusion pumps and monitoring systems that communicate with patient records systems. Providing these and other new capabilities, all while increasing employee productivity, is one of the key reasons we are seeing an explosion of IoT deployment in the public sector.

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How Do Sovereign Wealth Funds Invest? With Strategic Diversification

whitePaper | April 30, 2022

Sovereign Wealth Funds (SWFs) remain a prominent and diverse group of global asset owners. They represent unencumbered fiscal resources of the host governments, invested under a range of different mandates. In this study, we considered 34 of the largest SWFs, located in 26 different jurisdictions, which as of year-end 2020, have total assets of almost $8.5 trillion, representing 5% of total global markets.2 Between 2018 and 2020, total SWF assets under management (AUM) grew by an annualized 11.3%, as compared to 5.5% over the previous time period (Figure 1). We find that the acceleration in AUM growth is largely a function of market gains due to the post-2018 drawdown in equities. However, we estimate that organic inflows into global SWF holdings are roughly in line with the mid-single digits during the 2014–2018 time period.

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GOVERNMENT WHITE PAPER ON THE REPORT OF THE TRUTH RECONCILIATION AND REPARATIONS COMMISSION

whitePaper | May 25, 2022

On 22 July 1994, then 29-year-old army lieutenant Yahya Abdul-Aziz Jemus Junkung Jammeh came to power through a military coup d’état – having ousted the democratically elected President Sir Dawda Kairaba Jawara. For 22 years, Yahya Jammeh ruled The Gambia with an iron fist. During his regime, extrajudicial killings, rape, torture, enforced disappearances, and numerous grievous human rights violations became part and parcel of his military Junta.

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Accelerating Your Zero Trust Journey in Federal Government

whitePaper | April 19, 2022

Zero Trust is a strategic approach to cybersecurity that secures an organization by eliminating implicit trust and continuously validating every stage of digital interaction. It’s a way for government agencies and departments to build resilience into their IT environments.

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Spotlight

U.S. Immigration and Customs Enforcement (ICE)

U.S. Immigration and Customs Enforcement (ICE) is the principal investigative arm of the U.S. Department of Homeland Security and the second largest investigative agency in the federal government. Created in 2003 through a merger of the investigative and interior enforcement elements of the U.S. Customs Service and the Immigration and Naturalization Service, ICE now has more than 20,000 employees with offices in all 50 states and 47 foreign countries.

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