The Group of Eight or G8 Leadership are leaders of several nations that meet to agree on policies that affect many aspects of finances and business in Boston, the United States and other countries. G-8 leaders have agreed to work toward a new global standard to prevent secrecy in international banking and make tax collection cases easier for prosecutors.
Massachusetts residents may be interested in a recent IRS criminal probe, which followed allegations that the agency unfairly targeted conservative groups seeking tax-exempt status. The IRS admitted that its employees used names containing phrases like "patriot" and "tea party" to decide whether or not to force specific organizations to undergo extra reviews. The White House and the Attorney General's office have since condemned these practices.