Treasury Department Archive

TweetShareSharePin0 Shares On 22 March 2022, the BBC and the Guardian published a story about Alisher Usmanov, a Russian mining and telecoms oligarch, who is a former major shareholder of Arsenal football club and was once said to be the UK’s richest person. He is now a subject of sanctions against key associates of Russian

TweetShareSharePin0 Shares Senate kills new funding for IRS criminal enforcement crackdown on Russian oligarchs. The AP reports Senate Republicans blocked $30 million for the IRS criminal investigation unit that had been included in the recent Ukraine aid package. Among its roles, that group was tasked with tracing assets hidden by Russians who have been sanctioned

TweetShareSharePin0 Shares President Biden’s budget came out this week with a very sensible message about the need for stronger economic growth and sound fiscal policy: “Critically, my Budget would also keep our Nation on a sound fiscal course. It fights inflation and helps families deal with rising costs by growing our economy, making more goods

TweetShareSharePin0 Shares Mississippi lawmakers entered the 2022 legislative session with the motivation and resources to implement income tax reductions and, despite stark contrasts in approach, concluded by delivering meaningful relief for taxpayers. The Mississippi Tax Freedom Act of 2022 (HB 531) began the session as an effort to totally repeal the individual income tax, a

TweetShareSharePin0 Shares A bill that would prohibit the sale of flavored tobacco and nicotine products, HB22-1064, is moving through the Colorado legislature, which undoubtedly would have a significant impact on the revenue from taxes levied on those products. Flavored tobacco and nicotine products make up a significant portion of the market: over 20 percent of

TweetShareSharePin0 Shares After the failed approach of the Trump administration’s tariffs and trade war along with the current need to reduce inflation and increase productive capacity, we hoped the administration would reevaluate the tariffs. But under the Biden administration’s new trade policy agenda, most U.S. businesses will continue facing tariffs on billions of dollars’ worth

TweetShareSharePin0 Shares Sen. Manchin opposes President Biden’s minimum tax on very wealthy households. Source link TweetShareSharePin0 Shares