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IRS acted alone in planted question about targeting Tea Party: Lew

WASHINGTON (Reuters) - Treasury Secretary Jack Lew said on Tuesday that Internal Revenue Service employees acted alone in making public the agency's handling of tax exemptions for Tea Party groups and that he would have advised against it. Details of the IRS targeting of conservative political groups seeking tax-exempt status came in response to a question at the American Bar Association conference in Washington earlier this month.

SAC's Martoma says U.S. impedes defense in fraud case

(Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only "vague" details. In papers filed on Monday night in U.S. District Court in Manhattan, Martoma said he was seeking more information about federal prosecutors' case against him.

Japan seizes Taiwanese fishing boat operating outside agreed area

Japan's Fisheries Agency seized a Taiwanese long-line fishing boat Tuesday on suspicion of illegally operating in the country's 200-nautical-mile exclusive economic zone south of the Sakishima Islands in Okinawa Prefecture. The agency released the boat after the captain admitted to having operated without permission outside the bilaterally agreed area and submitted a document to guarantee the payment of cash collateral.

The Irish loophole behind Apple's low tax bill

By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation has revealed that Apple, maker of iPhones, iPads and Mac computers, had channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world".

Ten S. African miners wounded in clash with guards

Ten striking chrome miners were shot and wounded with rubber bullets in a dawn clash with mine security on Tuesday, South African police and unions said. Some 500 miners at a small chrome mine in the restive Rustenburg mining region northwest of the country staged a picket around 5:00 am (0300 GMT). Security guards used rubber bullets to disperse the group, who work at a mine owned by the German-based chemical group Lanxess. "Ten of them were injured and taken to the mine hospital," regional police spokesman Thulani Ngubane told AFP.

CJ Group-prosecution raid

SEOUL, May 21 (Yonhap) -- Prosecutors raided CJ Group, a major local conglomerate, on Tuesday as part of an investigation into allegations that the food and entertainment conglomerate managed a massive slush fund overseas. The prosecution has been looking into suspicions that the business group had set aside a large sum of the fund worth billions of won overseas and recently brought it into the country.

Russian officer 'posed at Putin's desk to impress girls'

Russia's federal guard service launched an investigation after photos appeared in the media of a disgraced former employee posing behind Vladimir Putin's desk in the Kremlin, an official said Tuesday. Pictures of the man, named Alexei Ustimchuk, sitting diminutively behind the giant desk in Putin's Kremlin office, spread through the internet as people ridiculed the lack of security that permitted a simple employee such access.

Ireland rejects blame for Apple's low tax rate

By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.

Bulgaria footballer-turned-mayor wins corruption appeal

Bulgarian former football star turned mayor Yordan Lechkov was acquitted on appeal on Tuesday after receiving a two-year jail term for mismanagement and abuse of power, a court said. The court of appeal in the central city of Plovdiv overturned the previous ruling of the Stara Zagora regional court, which had found Lechkov guilty of signing an unprofitable water and sewerage deal and pressuring a tax official.

Police hunting three suspects in Cannes jewellery heist

French police said Tuesday they were hunting three men suspected of being behind the spectacular theft last week of a million euros ($1.4 million) worth of jewellery at the Cannes Film Festival. Police in Nice said the three suspects are believed to have broken into the hotel room occupied by an American employee of Swiss jewellery-maker Chopard in the early hours of Friday. "We presume it was people specialised in this kind of theft," Philippe Frizon of Nice police, who are running the investigation, told AFP.
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