El domingo, el Departamento del Tesoro anunció a través de una publicación en redes sociales que ya no tiene la intención de “aplicar sanciones o multas contra ciudadanos estadounidenses o sociedades nacionales con obligaciones de información o sus beneficiarios finales” conforme a la Ley de Transparencia Corporativa.
The Treasury Department’s decision to limit reporting requirements under the landmark Corporate Transparency Act to only foreign entities is a boon for fentanyl traffickers, domestic criminals, and tax cheats.
FACT applauds the U.S. Supreme Court’s decision to stay a nationwide injunction against the landmark Corporate Transparency Act, clearing a major hurdle to enforcement of the most consequential anti-money laundering law in a generation.
A nationwide preliminary injunction preventing Treasury from enforcing the Corporate Transparency Act “is a Christmas gift to criminals who use anonymous shell companies to traffic fentanyl, exploit people, and hide dirty money.”
Many companies, including as many as half of all large U.S. multinationals, will soon begin publicly reporting tax and other financial information for a range of high-risk jurisdictions typically associated with profit shifting and related tax avoidance schemes.
By addressing unfair tax breaks given to U.S.-based multinational corporations, Congress can help level the playing field for wholly domestic businesses, end incentives for offshoring, and raise more than one trillion dollars in new revenues.
