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…
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Treasury 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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Treasury Department Awards $690 Million for Rental Assistance
Funds are being distributed to 89 state and local grantees. The Department of the Treasury released an additional $690 million for rental assistance through their Emergency Rental Assistance…
Read MoreSecretary Yellen Announces U.S.-South Africa Wildlife Trafficking Task Force
The Treasury Department will work with South Africa to identify financial red flags between the two countries. Secretary of the Treasury Janet Yellen met with South African officials…
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