🧵 1. IRS apologizes to hedge fund manager Kenneth Griffin over leaked tax returns in settlement agreement, acknowledging breach of confidentiality. #business
🧵 1. IRS apologizes to hedge fund manager Kenneth Griffin over leaked tax returns in settlement agreement, acknowledging breach of confidentiality. #business
🧵 2. Griffin's complaint alleged IRS contractor disclosed private tax info to ProPublica. Department of Justice sentenced contractor to 5 years in prison for the offense.
🧵 3. Lawsuit accused ProPublica of publicly sharing confidential tax info obtained, revealing details beyond tax returns. IRS under scrutiny for data protection lapses.
🧵 4. Treasury Inspector General for Tax Administration had warned IRS of systematic failures in data protection. IRS faces criticism for failing to safeguard privacy of taxpayers.
🧵 5. Both Griffin and IRS move to dismiss the case following apology. Concerns raised about IRS's failure to implement adequate security measures.
🧵 Read more at: https://www.zerohedge.com/political/irs-apologizes-hedge-fund-magnate-over-leaked-tax-returns