Police Seek Evidence From I.M.F. Chief on Sex Attack [NYT]
Dominique Strauss-Kahn, the leader of the International Monetary Fund, spent most of Sunday at the Manhattan Special Victims Unit in East Harlem as prosecutors sought additional evidence, including possible DNA evidence on his skin or beneath his fingernails, to bolster allegations that he had sexually assaulted a maid in a $3,000-a-night suite at a Midtown hotel, officials said.

IMF in Wake of Scandal Turns to Lipsky [Bloomberg]
The International Monetary Fund turned to John Lipsky when it was ordered to develop an early- warning system to prevent a repeat of the 2008 financial meltdown. Now, the IMF is calling on him to guide it through its own crisis.

Boehner questions Obama’s commitment to tackling debt, deficit [The Hill]
On dealing with major spending issues, including entitlement programs, Boehner invited the president to “lock arms and we’ll jump out of the boat together. “I’m serious about dealing with this, and I hope he’s just as serious,” he said. As both parties haggle over raising the $14.3 trillion debt limit, Boehner insisted that everything was up for discussion — except tax hikes.

The Very Rich Really Are Different [TaxVox]
“Let me tell you about the very rich. They are different from you and me,” wrote F. Scott Fitzgerald. He wasn’t talking about taxes (the laws were very different back in 1926) but his assertion certainly applies to the way the wealthy fare under today’s tax law.

Gingrich Blasts House GOP’s Medicare Plan [WSJ]
White House hopeful Newt Gingrich called the House Republican plan for Medicare “right-wing social engineering,” injecting a discordant GOP voice into the party’s efforts to reshape both entitlements and the broader budget debate. In the same interview Sunday, on NBC’s “Meet the Press,” Mr. Gingrich backed a requirement that all Americans buy health insurance, complicating a Republican line of attack on President Barack Obama’s health law.

Gingrich businesses owed unpaid state taxes [AP]
They’re all caught up now.

How did $250,000 become the tax definition of rich? [DMWT]
Obama’s economic team was in a competitive game of darts during the campaign.

A Small, Dubious Company Gets A Moment In The Sun For No Discernable Reason [TFI]
Roddy Boyd’s latest focuses on Kingtone Wirelessinfo Solution Holding Ltd. and their hocus-pocus ride to this morning’s opening bell at the Nasdaq.

California Bar Confirms Disciplinary Proceedings Against ‘Tax Lady’ Roni Deutch [TaxProf Blog]
Roni throws in the towel.

E&Y fails to halt Anglo Irish investigation [Accountancy Age]
Ernst & Young in Ireland has failed in a bid to halt an investigation into its work as auditor of Anglo Irish Bank. The High Court in Ireland ruled on Friday that the firm had no grounds for a judicial review of a probe ordered by the country’s Chartered Accountants Regulatory Board (CARB).

CFOs Hate the Corporate Rate [CFO]
Finance chiefs were in the spotlight on Capitol Hill Thursday as they testified before the House Ways and Means Committee about the corporate tax rate. At a hearing convened by committee chairman Dave Camp (R-Mich.), CFOs Greg Hayes of United Technologies, Mark Buthman of Kimberly-Clark, Ed Rapp of Caterpillar, and James Crines of medical-device maker Zimmer Holdings testified that they would like to see the rate lowered and the tax code overhauled to reduce complexity and enable better planning.

Oil Chiefs, Senators Play to Type at Hearing [WSJ]
Oil companies and their profits were reluctant guest stars Thursday in a Capitol Hill melodrama that paired energy policy with the federal deficit. For more than three hours, the chief executives of Exxon Mobil Corp., Chevron Corp., ConocoPhillips and the U.S. units of BP PLC and Royal Dutch Shell PLC sparred with Democrats on the Senate Finance Committee who had summoned them to explain why their companies needed tax breaks at a time of surging industry profits and rising gasoline prices.

Big U.S. banks oppose derivatives accounting plan [Reuters]
Wall Street’s biggest banks are urging rule-makers to scrap a derivative accounting proposal that could inflate their balance sheets by trillions of dollars. The draft rules, unveiled by the Financial Accounting Standards Board in January, would force banks to report their full exposure for most derivatives on their balance sheets, instead of net amounts.

I.R.S. Moves to Tax Gifts to Groups Active in Politics [NYT]
Big donors like David H. Koch and George Soros could owe taxes on their millions of dollars in contributions to nonprofit advocacy groups that are playing an increasing role in American politics. Invoking a provision that had rarely, if ever, been enforced, the Internal Revenue Service said it had sent letters to five donors, who were not identified, informing them that their contributions may be subject to gift taxes depending on whether the donations exceeded limits under the tax laws.

Why Iowans for Tax Relief and Grover Norquist are misguided about tax reform [Tax Update Blog]
And Joe likes Ronald Reagan (but manages not to mention him).

Rich Russians Buy Bunkers on Apocalypse Angst [Bloomberg]
Danila Andreyev started building “panic rooms” three years ago, when fears of terrorist attacks and commercial disputes turning violent created demand in Russia. Now he’s selling “survival bunkers” for as much as $400,000 each to capitalize on angst over theories the world will end next year. “I myself am not a believer in doomsday scenarios,” Andreyev, 31, whose Spetsgeoproekt company is completing 15 bunkers at hidden locations across Russia, said at his office in central Moscow. “But when you start hearing clients talking about the end of the world, it gets you thinking.”

Yankees Let Fans Take Batting Practice at Stadium; Bring $1,500 and a Bat [Bloomberg]
On June 5, the Yankees and Steiner Sports Collectibles will hold their event that includes batting practice, tours of the stadium, a catered lunch and gifts — all for a cost of $1,500 to $3,000 per batter. “There is no experience like this,” Steiner Sports President Brandon Steiner said in a telephone interview. “People just melt when they get on the field.”