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Recent Editions
North America
Human Times
A Meta executive has told staff that they are banned from discussing abortion on Workplace, an internal version of Facebook, citing “an increased risk” that the company is seen as a “hostile work environment.” The policy, which Meta introduced in 2019 but hasn’t until now been reported, prohibits workers from discussing “opinions or debates about abortion being right or wrong, availability or rights of abortion, and political, religious, and humanitarian views on the topic,” according to a section of the company’s internal 'Respectful Communication Policy' reviewed by The Verge. Meta’s VP of HR, Janelle Gale, said during an all-hands meeting with staff that abortion was “the most divisive and reported topic” by employees on Workplace. She said that “even if people are respectful, and they’re attempting to be respectful about their view on abortion, it can still leave people feeling like they’re being targeted based on their gender or religion . . . It’s the one unique topic that kind of trips that line on a protected class pretty much in every instance.” Some Meta employees have urged management to ditch the policy following a leak of a Supreme Court draft opinion that would overturn Roe v. Wade. They contend that the prohibition is at odds with employees being allowed to talk “respectfully” about issues such as Black Lives Matter, immigration, and trans rights.
Full Issue
UK
Human Times
The European Central Bank (ECB) has told eight unnamed banks to shift staff out of London, saying it has identified 56 groups of traders who should be doing their jobs from within the EU following an investigation into whether the institutions are seeking to dodge post-Brexit rules. An ECB exercise known as “desk mapping” found that the banks, which all have headquarters outside the EU, haven’t boosted sufficient local capabilities to manage their business in the region, people familiar with the process said, adding that part of the reason for the staff shortfall is a reluctance among senior executives to move from London to cities including Dublin, Frankfurt and Paris. The ECB’s review included US lenders such as Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley, and also Barclays, HSBC and UBS, the people said. It is noted that the number of professionals leaving the City post-Brexit has been much smaller than initially predicted. EY estimates that around 7,000 roles have moved since 2016, far fewer than the 200,000 job losses that were forecast before the Brexit vote.
Full Issue
USA
Education Slice
The U.S. Department of Education has confirmed that schools can seek more than a year’s worth of time to finish spending some of the $200bn K-12 schools got in three rounds of federal pandemic relief aid on contracts for construction, mental health, tutoring, and other third-party services. Notably, obligation deadlines for all ESSER programs remain the same (ESSER I funds by September 2022, ESSER II funds by September 2023, and ESSER III funds by September 2024), but where there may be flexibility is liquidation deadlines for ESSER I, ESSER II, and ESSER III, not just for ESSER III as a lot of media coverage is suggesting. The original liquidation deadline for ESSER programs is four months after the obligation deadline, so with this flexibility districts may be able to get 18 months after the obligation deadline to liquidate funds instead. The Department is prioritizing considering applications for school construction projects, however in extenuating circumstances other contracts may be considered too. Many schools have signed contracts with third-party providers to spend ESSER funds on tutoring, mental health support, curriculum materials, professional development, technology tools, and even substitute teachers, so, depending on the circumstances of the district when they submit an application with their state, the Department may also apply this flexibility to other outside of construction.
Full Issue
USA
Accountancy Slice
Causes and cures for persistent high rates of improper payments of the earned income tax credit (EITC) and consequent high audit rates by the IRS of taxpayers claiming the credit were among topics discussed Wednesday by members of the Oversight Subcommittee of the House Ways & Means Committee. The session, "On Taxpayer Fairness Across the IRS," drew upon a report released Tuesday by the U.S. Government Accountability Office (GAO) that was compiled at the request of the subcommittee's chair, Rep. Bill Pascrell (D-NJ). At the outset of the hearing, Mr. Pascrell decried what he called "one tax system for the wealthy and another for everyone else," stating that the IRS's enforcement is experienced by billionaires in a "vastly different" mode than by the "average American." Claimants of the Earned Income Tax Credit (EITC) are much more likely to be audited than other taxpayers, Mr. Pascrell said. The GAO report found that the audit rate for EITC taxpayers is 0.77%, roughly three times the average for all taxpayers of 0.25%. IRS administrative shortcomings also adversely affect all taxpayers, Mr. Pascrell said. These include backlogs of returns in the tens of millions, erroneous notices to taxpayers, and unanswered taxpayer phone calls, he said. Ranking member Rep. Tom Rice (R-SC) likewise lamented slow processing times and spotty phone customer service, while praising the "heroic" efforts of IRS employees to administer COVID-19 tax relief measures such as economic impact payments (EIPs) amid the pandemic's impediments to the agency's own operations. Mr. Rice noted that this was the seventh time the subcommittee has examined the EITC, and he urged fellow legislators to "move beyond talking points" to better understand the reasons for an approximately 25% rate of improper payments of the credit annually, involving an estimated $19bn in the most recent tax year for which data is available
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Europe
Risk Channel
The European Central Bank (ECB) has told eight unnamed banks to shift staff out of London, saying it has identified 56 groups of traders who should be doing their jobs from within the EU following an investigation into whether the institutions are seeking to dodge post-Brexit rules. An ECB exercise known as “desk mapping” found that the banks, which all have headquarters outside the EU, haven’t boosted sufficient local capabilities to manage their business in the region, people familiar with the process said, adding that part of the reason for the staff shortfall is a reluctance among senior executives to move from London to cities including Dublin, Frankfurt and Paris. The ECB’s review included US lenders such as Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley, and also Barclays, HSBC and UBS, the people said. It is noted that the number of professionals leaving the City post-Brexit has been much smaller than initially predicted. EY estimates that around 7,000 roles have moved since 2016, far fewer than the 200,000 job losses that were forecast before the Brexit vote.
Full Issue
Scotland
Legal Matters Scotland
A Green Party MSP proposing buffer zones to be set up around abortion centres believes her plans can “break the stalemate” between councils and the Scottish Government over a legal stand-off. Gillian Mackay has launched a consultation on her member’s bill that if approved, would put in place 150m buffer zones around healthcare facilities that provide abortions. Under the plans, safe access zones would be introduced at all sites that provide abortion care where within the area, it would be unlawful to influence or attempt to influence a person from accessing, providing, or facilitating the provision of abortion care. There would be a standard size of safe access zone with a perimeter of 150m from the entrance to any site which provides abortion care, while a criminal offence of contravening the provisions of a safe access zone would be established. The MSP hopes “interim measures” can be introduced to help protect women attending healthcare appointments before her proposals are introduced.
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