Tag: Corporate

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Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden, amping up a populist pitch in his re-election campaign, has repeatedly said he would raise taxes on the wealthy and corporations to make them pay their “fair share.” Republicans say Mr. Biden has “an unquenchable thirst for taxing the American people.” His Republican opponent in the election, former President Donald J. Trump, said…

Judge Rules Against Corporate Transparency Act Disclosure Provision

In a blow to government efforts to combat money laundering, a federal court has ruled that the Treasury Department cannot require some small businesses to report personal details about their owners. Under a section of a 2020 law that took effect Jan. 1, small businesses must share details about their so-called beneficial owners, individuals who…