Displaying 33 results
Biden wants to dismantle two tax strategies used by richest 0.1%
Technical provisions in the administration's tax proposals could disrupt dynasty trusts and intentionally defective grantor trusts, two ways that super wealthy people have legally avoided taxes for decades.
Yellen says higher interest rates would be ‘plus’ for US, Fed
The Treasury Secretary said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.
Biden tax plan forecast to bring in $3.6T in decade
The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.
Treasury calls for reporting crypto transfers over $10,000 to IRS
The announcement pared Bitcoin's rebound from Wednesday's rout, shaving about $3,000 from the token's price.
Yellen summons regulators to discuss market volatility
The meeting with the SEC, the Fed, the New York Fed and the CFTC is the Treasury secretary's first public effort to address the tumult involving GameStop shares.
Janet Yellen at Treasury signals Biden’s focus on boosting economy
As Treasury secretary, the former Federal Reserve chair is expected to support expansionary government spending
Treasury seeks unused pandemic lending funds from Fed
The Fed objected to the request, which would shut five of the central bank's emergency lending programs at year-end
Treasury proposes to guarantee money market funds in stimulus
The plan temporarily permits the use of its exchange stabilization fund to guarantee money market funds
Treasury delays April 15 tax deadline for millions
The extension gives individuals and many businesses 90 extra days to send checks to the government
T-bills are scarce and the shortage is about to get even worse
Supply is set to get squeezed as the coronavirus scare causes demand for Treasuries to soar
Treasury may extend April 15 tax deadline over coronavirus
That deadline is cited in the tax code, but the agency regularly makes exceptions, especially for victims of natural disasters
Advisers to face stricter anti-money-laundering rules
Government focus on rooting out financial crimes includes proposals to get advisers more involved.
Regulator seeks to enlist advisers in war on money laundering
Compliance could be costly, especially for small advisory firms.
