Tag #Corporate Transparency Act

Showing 1 to 12 of 14 results

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Treasury Reverses Course on Corporate Transparency Act

The bipartisan Corporate Transparency Act, intended to curb money laundering through shell companies, faced significant compliance issues, leading to a Treasury Department reversal in March 2025 that ended enforcement for U.S. entities, prompting calls for full congressional repeal.

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48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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FINCEN Suspends BOI Reporting Enforcement Amidst CTA Revisions

FINCEN suspended enforcement of Beneficial Ownership Information (BOI) reporting requirements until further guidance is released by the Treasury Department, following Congressional efforts to revise the Corporate Transparency Act (CTA) due to its overbroad application and pending legal challenges.

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48% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
🌐 85% Global Worthiness
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Supreme Court Lifts Injunction, Reinstates Corporate Transparency Act Reporting

The U.S. Supreme Court lifted a nationwide injunction blocking the enforcement of the Corporate Transparency Act's beneficial ownership reporting requirements on January 23, 2025, allowing the Treasury Department to resume enforcement pending further appeals of the law's constitutionality.

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36% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
🌐 85% Global Worthiness
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Fifth Circuit Reinstatement of Injunction Halts Corporate Transparency Act Enforcement

A U.S. District Court injunction blocking enforcement of the Corporate Transparency Act's beneficial ownership reporting requirements was reinstated by a Fifth Circuit Court of Appeals merits panel on December 26, 2024, creating uncertainty for millions of businesses and leaving compliance voluntary...

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60% Bias Score

Peace, Justice, and Strong Institutions
cnbc.com
🌐 75% Global Worthiness
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Treasury Delays Deadline for Beneficial Ownership Reporting to January 2025

The U.S. Treasury delayed the deadline for millions of small businesses to file a Beneficial Ownership Information report to January 13, 2025, due to legal challenges; about 30% of the estimated 32.6 million eligible businesses had filed by December 1, 2024.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Fifth Circuit Reinstates Corporate Transparency Act, Extends Filing Deadline

A Fifth Circuit ruling on December 23, 2024, lifted a nationwide injunction against the Corporate Transparency Act (CTA), requiring companies to submit beneficial ownership information by January 13, 2025, after FinCEN extended the deadline; this follows a lower court's injunction and subsequent app...

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40% Bias Score

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forbes.com
🌐 85% Global Worthiness
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FinCEN Revises Beneficial Ownership Reporting: Exempts Domestic Companies

FinCEN's interim final rule exempts domestic companies from beneficial ownership reporting under the Corporate Transparency Act, citing excessive compliance costs (\$21.7 billion initially, \$3.3 billion annually) and limited national security benefits; foreign companies face extended deadlines and ...

Progress

44% Bias Score

Reduced Inequality
apnews.com
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Supreme Court Reinstates Business Registration Requirement

The Supreme Court reinstated a requirement for roughly 32.6 million small businesses to register with the Treasury Department, mandating personal information submission to combat financial crimes, reversing a Texas judge's ruling that blocked the 2021 Corporate Transparency Act.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo

A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.

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44% Bias Score

Peace, Justice, and Strong Institutions
nbcnews.com
🌐 75% Global Worthiness
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Treasury Delays Deadline for Small Business Beneficial Ownership Reporting

The U.S. Treasury extended the deadline for millions of small businesses to file a Beneficial Ownership Information report to Jan. 13, 2025, due to legal challenges; about 30% of estimated businesses had filed by Dec. 1, 2024.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Fifth Circuit Reinstates Corporate Transparency Act Reporting Requirements

A federal appeals court overturned a lower court's injunction, reinstating the requirement for most businesses to file Beneficial Ownership Reports (BOI) under the Corporate Transparency Act (CTA) by January 1, 2025, creating immediate compliance challenges.

Progress

52% Bias Score

Peace, Justice, and Strong Institutions
forbes.com
🌐 85% Global Worthiness
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Holiday Travel Chaos Looms Amidst Potential Government Shutdown

The TSA anticipates screening almost 40 million travelers in the next two weeks, leading to potential travel delays, particularly on December 26, 27, and 30; a potential government shutdown could worsen this by reducing air traffic controllers and TSA agents.

Progress

44% Bias Score

Reduced Inequality

Showing 1 to 12 of 14 results