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 Supreme Court stays nationwide injunction against CTA enforcement, President Trump withdraws U.S. commitments to OECD global tax deal, and Treasury convenes summit on nature crimes and illicit finance.
New country-by-country reporting requirements for major multinationals doing business in Australia represent massive breakthrough for global tax transparency, and Treasury appeals misguided nationwide injunction against enforcement of the Corporate Transparency Act.
The Court of Appeals must find the Corporate Transparency Act constitutional and allow this long overdue U.S. financial reform to continue to be fully implemented. If not, the Court will give a free pass to fentanyl traffickers, tax evaders, and U.S. adversaries to abuse the opacity of the U.S. financial system.
FACT submitted a statement for the record in the April 30 House Small Business Committee hearing, “Under the Microscope: Examining FinCEN’s Implementation of the Corporate Transparency Act.”
