Legislators are looking at official cryptocurrency. The Treasury Department’s Under Secretary for Domestic Finance, Nellie Liang, said the administration is developing technology that would help create a central bank…
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Treasury Sanctions Mexican Cartels for Time-Share Fraud
Scam proceeds financed fentanyl trafficking. The Office of Foreign Assets Control in the Department of the Treasury sanctioned eight Mexican companies and three members of the Jalisco Cartel…
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Treasury Sanctions Russian Metals and Mining
Similar regulations are imposed by other G7 members. The Department of the Treasury announced a new determination last week that sanctions and blocks the import of Russian metals…
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Slovenia and U.S. Hold Annual Strategic Dialogue
Discussions included multiple goals, including Slovenia’s application to UN Security Council. Deputy Secretary of State Wendy Sherman and Slovenian State Secretary Samuel Žbogar led the third U.S.-Slovenia Strategic…
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IRS Releases Corporate Alternative Minimum Tax Information
The guidance clarifies the 15% minimum policy introduced through Inflation Reduction Act. The Department of the Treasury and the Internal Revenue Service (IRS) have released official guidance for…
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CBO Predicts Summer Government Default
The rise of the debt ceiling is still being negotiated. The Congressional Budget Office has projected that the Treasury Department will run out of ways to prevent a…
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Treasury Moves to Make More EVs Eligible for Tax Credits
The department will use EPA consumer guide instead of the Corporate Average Fuel Economy. The Department of the Treasury has announced the expansion of the electric vehicles eligible…
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Fed Chair Says There is a “Long Way to Go” on Inflation
He also calls America’s debt unsustainable. Federal Reserve Chairman Jerome Powell said there is “a long way to go” before economic stability is achieved in the U.S. He…
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Treasury Places Sanctions on MS-13 Gang Leaders
Drug trafficking, money laundering, and murder are some of the gang’s regular activities. The Treasury Department has imposed sanctions against two key members of the MS-13, an international…
Read MoreTreasury Releases Multinational Tax Guidance Document
“Pillar Two“ provides details on global minimum tax for corporations. The Organisation for Economic Co-operation and Development (OECD), an international financial forum that participates in all G20 meetings,…
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