The current administrator of the agency, the former pro wrestling executive Linda E. McMahon, stepped down from the role last week. Source: NYT > Business – JULIA JACOBS
How Sovereign Citizens Helped Swindle $1 Billion From the Government They Disavow
Tens of thousands of far-right extremists subscribe to a paranoid ideology that lends itself seamlessly to financial crime. Source: NYT > Business – ASHLEY POWERS
Mnuchin Faces Ethics Questions Over Ties to Film Industry
The Treasury secretary’s push on behalf of Hollywood in China talks be a conflict of interest. Source: NYT > Business – ALAN RAPPEPORT and ANA SWANSON
SALT Limit Is Hitting 11 Million Tax Returns, Audit Finds
The Treasury report also shows the level of attention that high-ranking administration officials paid to a controversial regulation from the new tax law. Source: NYT > Business – JIM TANKERSLEY
Trump to Nominate David Malpass to Lead the World Bank
President Trump will unveil his choice of Mr. Malpass, the under secretary of the Treasury for international affairs, on Wednesday, administration officials said. Source: NYT > Business
Tax perk meant for mom-and-pop owners will instead benefit major property investors
(Credit: iStock) Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The Treasury Department recently released final rules detailing how owners of businesses including limited liability companies can receive a deduction of up to 20 percent, according to Bloomberg. The law, which was part of 2017 […]