Treasury Department Archive

Stolen dreams: the Tax Justice Network podcast

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] or find us on your podcast app. In this episode we bring you the story of a pensioner robbed of his dream retirement who shares his story with us of his fight for

Crypto Crime Fighting? The IRS Is On The Case.

TweetShareSharePin0 Shares The IRS helps fight the war against ransomware. Politico reports on the growing role the agency plays in investigating ransomware gangs. These gangs prefer payment in hard-to-trace cryptocurrency but the IRS boosted its cybercrime unit to about 130 staff to better track the transactions. It cooperates with the FBI and the Department of Homeland

Cryptocurrency Gains Scrutiny | Tax Policy Center

TweetShareSharePin0 Shares Senate passes temporary spending bill through March 11. The Senate approved a continuing resolution to keep the government running through March 11. The House passed the measure last week. Without Senate action, part of the government would have shut down today. Collins on the IRS backlog. Testifying before the Senate Finance Committee yesterday, Taxpayer

An Emergency Spending Bill and More State Tax Cuts

TweetShareSharePin0 Shares McConnell: No chance for a government shutdown. GOP senators are holding up a continuing resolution to keep the government operating past Friday, but Minority Leader Mitch McConnell promises it all will get worked out in time. “We’ll process a few amendments before doing the short-term CR,” McConnell says, “There is no danger of

Addressing the secrecy risks of complex ownership chains: Another tool to improve beneficial ownership verification

TweetShareSharePin0 Shares While beneficial ownership registration is increasingly becoming mainstream, a major concern prevails: complex ownership chains. More than 80 jurisdictions had laws as of April 2020 requiring the disclosure to a government authority the identity of the beneficial owners [MBM1] (BOs) of companies and other legal vehicles, meaning the natural persons who ultimately own or

Proposal to Rid Ohio of Gross Receipt Taxes

TweetShareSharePin0 Shares A group of lawmakers in Ohio have proposed to repeal the state’s gross receipt tax (GRT), also known as the commercial activity tax (CAT). House Bill 234 would phase out the tax over five years. Ohio’s CAT, implemented in 2005 as part of tax reform that lowered and consolidated business taxes, is one of

Should Congress Trade Temporary Assistance for Needy Families (TANF) For A Child Allowance?

TweetShareSharePin0 Shares As Congress struggles to develop a scaled back version of President Biden’s Build Back Better (BBB) plan, some observers (including my TPC colleague Howard Gleckman) have been thinking about a different child benefit. Instead of extending the enhanced child tax credit (CTC), which cut child poverty to historic lows after it was enacted
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