The House Ways and Means Committee’s draft tax bill extends trillions of dollars in wasteful and unpopular tax breaks, paving the way for massive cuts to vital health and other public services. Lawmakers must go back to the drawing board.
“Treasury’s proposal contradicts decades of evidence that sanctions evaders, tax cheats, and fentanyl traffickers rely on anonymous U.S. companies to stash their illicit cash in the U.S. financial system.
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.
