The Treasury suspends ownership reporting requirements for most entities, a House Financial Services Committee Hearing emphasizes the importance of the Corporate Transparency Act, and mass IRS layoffs threaten US revenue collection.
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.
The FACT Coalition is gravely concerned by reports of mass layoffs at the Internal Revenue Service expected to impact as many as 7,000 staff, including thousands of employees specifically working on tax enforcement and collections.
FACT urges Treasury to resume full implementation of the landmark Corporate Transparency Act following a federal district judge’s stay of the last nationwide preliminary injunction preventing broad enforcement of the law.
The Justice Department requests stay of final injunction barring CTA enforcement, No Tax Breaks For Outsourcing Act reintroduced, and new executive order pauses enforcement of cornerstone anti-bribery law.
